News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Savings Rates Pressured as Consumer Spending Outpaces Disposable Personal Income Growth
Savings Rates Pressured as Consumer Spending Outpaces Disposable Personal Income Growth
April 26, 2024  |  Economy

The latest data on personal consumption notes that spending is outpacing the growth in disposable income. And as a result, consumers are dipping into savings...

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Elon Musk’s xAI Close to Raising $6 Billion
Elon Musk’s xAI Close to Raising $6 Billion
April 26, 2024  |  artificial intelligence

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion,...

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Banks Need ‘Change Management Checklist’ in Battle Against Fraud
Banks Need ‘Change Management Checklist’ in Battle Against Fraud
April 26, 2024  |  Fraud Prevention

Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as...

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Card-Linked Offers Shape Data Access and Personalized Offers for Restaurants
Card-Linked Offers Shape Data Access and Personalized Offers for Restaurants
April 26, 2024  |  Restaurant innovation

With Small Business Week coming up April 29, it’s a good time to focus on the restaurant sector, because according to industry data, 90% of restaurants meet the criteria....

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Customer Data, Technology Unlock Profitability Amid Uncertainty
Customer Data, Technology Unlock Profitability Amid Uncertainty
April 26, 2024  |  Opinion

Companies can leverage customer data and use technology to prosper in uncertain times, i2c Global Head of Operations John Bresnahan writes in the new PYMNTS...

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Study Finds Only Half of Consumers Satisfied With Embedded Lending Options
Study Finds Only Half of Consumers Satisfied With Embedded Lending Options
April 26, 2024  |  VISA

Lenders in key global markets offer an ever-increasing range of consumer credit products. Still, consumers express dissatisfaction with the current options. Just 50% of consumers...

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FinTech IPO Index Adds 3% as Oportun Soars on Preliminary Quarterly Results
FinTech IPO Index Adds 3% as Oportun Soars on Preliminary Quarterly Results
April 26, 2024  |  Fintech Investments

For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle...

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Capital One CEO Calls Discover Deal ‘Singular Opportunity’
Capital One CEO Calls Discover Deal ‘Singular Opportunity’
April 25, 2024  |  Earnings

Capital One’s first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout...

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Snap Reports Augmented Reality Drives User Engagement, Brand Advertising
Snap Reports Augmented Reality Drives User Engagement, Brand Advertising
April 25, 2024  |  Earnings

Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Evan Spiegel, CEO...

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