Artificial intelligence (AI)-powered video startup Runway is reportedly looking to raise $450 million at a valuation of $4 billion. The company is in talks with investors, Reuters reported Tuesday (July 2) based on a paywalled article by…
Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade…
Plaid has been rolling out new products and partnerships in recent months, offering additional resources to a broader range of customers, including enterprises. For example, the firm rolled out its new credit underwriting solution,…
Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations could accelerate the adoption of AI across various commercial sectors, industry experts say. The AI company announced Tuesday it will fund third-party…
Netflix reportedly began phasing out its cheapest ad-free tier for existing subscribers after saying in January that it planned to do so. Social media users in Canada and the United Kingdom have been posting that they received…
Safe Ticketing launched a resale ticket purchasing platform in the United States. The TicketX platform is new to the U.S. market but has a Japanese counterpart, TicketJam, that has been operating since 2017, according to the TicketX…
As consumers increasingly turn to digital content for shopping inspiration, articles are proving to be a relatively effective motivator for purchasing. By the Numbers “Generation Zillennial: How They Shop,” the new PYMNTS Intelligence…
As ongoing financial pressures make it harder for mid-market retailers to compete, without the scale of industry giants or the close customer connections of mom-and-pop shops, these merchants are forced to adapt if they do not want to go…
A lawsuit accusing 10 banking giants of overcharging investors on corporate bonds has been resurrected. The reason, as Reuters reported Tuesday (July 2), is because the 2nd U.S. Circuit Court of Appeals in Manhattan has overturned the…
CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers. The company had said Monday (July 1) that some of its…
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures…
A patient affected by a “data security incident” involving Pennsylvania-based health system Geisinger has filed a class-action lawsuit against the company. Geisinger’s IT vendor, Microsoft-owned Nuance, determined that a former employee…
Gap, a once-dominant force in American retail that has faced challenges in recent years, is undergoing a years-long effort to reclaim its position in a highly competitive market — a journey that serves as an indicator for how legacy…
Governments and regulators worldwide are scrambling to address the rapid rise of artificial intelligence (AI) technology. From France’s antitrust investigation into Nvidia to California’s new safety legislation and U.S. senators’…
Unlocking operational leverage is the name of the game for today’s businesses. In the face of ongoing macroeconomic uncertainty, controlling for what is controllable while making the most of available resources is emerging as a way to…
FleetUp and RoadFlex have integrated their solutions to automate fleet expense management and fuel management, from data collection to reporting. Together, their fleet management solutions help fleet owners and administrators streamline…
Mashreq has launched a new application programming interface (API)-enabled instant payment solution for its corporate and institutional clients in the United Arab Emirates (UAE). This new offering is integrated with the Central Bank of the…
Pharmacy management solutions firm PrimeRx has debuted PrimeRx MARKET, an online marketplace for pharmacies. “Formerly known as Trxade, PrimeRx MARKET represents a significant expansion in PrimeRx’s commitment to enhancing the operational…
Adobe Commerce merchants can now offer their customers Klarna’s buy now, pay later (BNPL) services and other flexible payment options. The partnership will help these merchants meet the growing demand for BNPL, the companies said in a…
Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse: Let your customers get access to their deposits. The four senators — Senate Banking Committee chair Sherrod Brown of Ohio, Ron Wyden of Oregon, Tammy Baldwin of…
At a growing number of tourist destinations in Europe, getting an Uber may mean hopping onboard a boat. The ride-hailing firm is rolling out several Uber Boat options this summer, Uber said in a Tuesday (July 2) press release. In Ibiza,…
Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to keep pace with sticker shock. Coming into 2024, PYMNTS found that 85% of consumers…
B2B payments power trillions of dollars in annual payments flows. Much of those flows are handled via checks and other traditional processes that are riddled with pain points, redundancies and sunk time and costs. All these factors can…
Singapore’s DBS Bank is reportedly set to begin a custody service for stablecoin reserves. It’s part of a collaboration between the city-state’s largest lender and a local unit of cryptocurrency issuer Paxos Trust, Bloomberg News reported…
Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a top official at the Bank for International Settlements. In…
Customers of Amazon’s Italian eCommerce site will be able to make purchases with Bancomat Pay, following the retailer’s new partnership with Nexi. In the collaboration between the two companies, Amazon.it will use Nexi’s platform to enable…
European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to reduce costs as banks around the world anticipate interest rate cuts, Bloomberg reported…
As aggregators compete to win the spending of financially struggling consumers, more players in the space are expanding their acceptance of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments.…
Apple’s aggressive discounting campaign in China apparently did not prevent it from losing market share. The tech giant ended May with 11% of the Chinese smartphone market, even as iPhone sales climbed 0.9% year over year, Seeking Alpha…
Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July 2), showing the company’s revenues reaching $2.2 billion in 2023, up from …