PYMNTS News

Knowing How AI Works Makes It More Likely to Work for You
Knowing How AI Works Makes It More Likely to Work for You
August 01, 2023  |  Artificial Intelligence

Nearly half of the companies in the S&P 500 have reported their most recent financial earnings. The terms “artificial intelligence” or “AI” were mentioned a...

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Fast Fashion Brands Pivot to Repair Amid Sustainability Pressures
Fast Fashion Brands Pivot to Repair Amid Sustainability Pressures
August 01, 2023  |  Retail

Facing pressure to improve their environmental record, clothing makers want to repair customers’ worn garments. It’s a trend PYMNTS has been following since last year and the...

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Bloomin’ Brands CEO: Delivery Creates New Reasons to Buy — but Pickup Doesn’t
Bloomin’ Brands CEO: Delivery Creates New Reasons to Buy — but Pickup Doesn’t
August 01, 2023  |  Earnings

As casual dining brands look to drive sales across digital and physical channels, Bloomin’ Brands is finding that, while delivery may be incremental to the...

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Uber Sees Members Spend 4x More Than Nonmembers as Delivery Bookings Surge 14%
Uber Sees Members Spend 4x More Than Nonmembers as Delivery Bookings Surge 14%
August 01, 2023  |  Earnings

Uber’s cross-platform activity continued to gain ground as members engaged more often with the company’s continuum of services. And members of the company’s premium paid...

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Flutterwave Extends Remittances Solution to US and Canada
Flutterwave Extends Remittances Solution to US and Canada
August 01, 2023  |  Global Payments

Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now...

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HBSC and Tradeshift to Develop Embedded Finance Solutions and Apps
HBSC and Tradeshift to Develop Embedded Finance Solutions and Apps
August 01, 2023  |  Partnerships

HSBC and B2B commerce platform Tradeshift have agreed to form a joint venture that will develop embedded finance solutions and financial services apps. The agreement...

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CVS Cuts Thousands of Corporate Jobs in Shift to Healthcare
CVS Cuts Thousands of Corporate Jobs in Shift to Healthcare
August 01, 2023  |  Healthcare

CVS is reportedly cutting around 5,000 jobs amid its new focus on healthcare. The cuts are primarily centered around corporate-level positions and aren’t expected to involve jobs...

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Luxury Brands Want the Aspirational Shopper, But Not at a Discount
Luxury Brands Want the Aspirational Shopper, But Not at a Discount
August 01, 2023  |  Retail

When consumers don’t spend, retailers typically think to offer a discount. But discounts, as we all know, can become a slippery slope. What lengths will...

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Report: Meta Tinkers With Chatbot ‘Personas’ to Keep Users Engaged
Report: Meta Tinkers With Chatbot ‘Personas’ to Keep Users Engaged
August 01, 2023  |  Artificial Intelligence

Would chatting with an artificial intelligence (AI)-powered Abe Lincoln keep you on Facebook? That’s apparently what the platform’s owner is hoping, according to a report Tuesday (Aug. 1)...

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