PYMNTS News

CarMax Leverages Omnichannel Strategy to Drive Customer Experience
CarMax Leverages Omnichannel Strategy to Drive Customer Experience
December 19, 2024  |  Earnings

While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit...

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This Week in B2B: New Year, New Back-Office Innovations
This Week in B2B: New Year, New Back-Office Innovations
December 19, 2024  |  B2B Payments

The B2B payments landscape is at a pivotal juncture as 2025 approaches. On one hand, the imperative to digitize and integrate payment processes has never...

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Report: Chime to Go Public in 2025 After Submitting Confidential Filing
Report: Chime to Go Public in 2025 After Submitting Confidential Filing
December 19, 2024  |  IPO

Chime Financial reportedly submitted a confidential filing for an initial public offering (IPO). The FinTech company plans to go public in 2025, though the timing of...

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Homeland Security Head Criticizes EU’s ‘Adversarial’ AI Approach
Homeland Security Head Criticizes EU’s ‘Adversarial’ AI Approach
December 19, 2024  |  artificial intelligence

America’s homeland security chief is reportedly worried about the European Union’s approach to AI regulation. Alejandro Mayorkas, outgoing head of the U.S. Department of Homeland Security,...

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Chainalysis: Crypto Hacking Slows as North Korea Redirects Resources
Chainalysis: Crypto Hacking Slows as North Korea Redirects Resources
December 19, 2024  |  Cryptocurrency

The total value stolen in crypto hacks reached $2.2 billion in 2024, a figure that was higher than the $1.8 billion taken in 2023 but...

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Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
December 19, 2024  |  Economy

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the...

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Visa Finalizes Featurespace Purchase to Boost Fraud Prevention
Visa Finalizes Featurespace Purchase to Boost Fraud Prevention
December 19, 2024  |  Acquisitions

Visa said it completed its acquisition of financial crime/payments fraud prevention provider Featurespace. “Visa will add Featurespace’s capabilities into its range of fraud prevention and...

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MoneyLion and MrBeast Partner on $4 Million Financial Literacy Competition
MoneyLion and MrBeast Partner on $4 Million Financial Literacy Competition
December 19, 2024  |  Partnerships

MoneyLion launched a partnership with YouTube superstar Jimmy Donaldson, better known as “MrBeast.” The FinTech is partnering on “Beast Games,” a new competition series by...

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AI Translator Could Be ROI Boon
AI Translator Could Be ROI Boon
December 19, 2024  |  artificial intelligence

MIT researchers have created a way to turn baffling AI decisions into plain English, using an innovative system that acts like a translator between machines...

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