PYMNTS MonitorEdge May 2024

News & Trends

Earnings
Tesla Invests in AI, Anticipates ‘Next Major Growth Wave’

Tesla is investing in artificial intelligence (AI) as it anticipates the...

23 mins ago
Earnings
Alphabet Touts Organic AI Development in Q2 Earnings Beat

Search. Cloud. AI. It was a winning combination for Google’s parent...

42 mins ago
artificial intelligence
Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023

Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled...

2 hours ago
Google
British Regulators Monitoring Google’s Decision to Continue Allowing Third-Party Cookies

British regulators are reportedly monitoring Google and the digital advertising industry...

3 hours ago
VISA
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay

Visa’s fiscal third quarter results showed continued momentum in new payment...

3 hours ago
Earnings
Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty

It’s earnings season for America’s biggest financial services companies and institutions....

3 hours ago
artificial intelligence
HFSC Chairman McHenry: US Must Remain Leader in AI Development

The financial services industry may serve as a proving ground for...

4 hours ago
Ridesharing
Lyft President Kristin Sverchek to Leave Company After 12 Years

Lyft President Kristin Sverchek will leave the company as an employee...

4 hours ago
Earnings
Mattel Sales Declines Slow as Toys Make a Cautious Comeback

After years of consumers cutting back on nonessential retail purchases, Mattel...

4 hours ago
Cybersecurity
Veeam Announces Splunk Extension for Monitoring Backup Infrastructure Health, Security

Veeam Software has announced the availability of a Splunk extension that allows Veeam Data...

4 hours ago
Connected Economy
Commerce Department to Release Rules on Connected Vehicles

The U.S. Commerce Department plans to unveil proposed regulations next month...

5 hours ago
artificial intelligence
Amazon's AI Alignment Call Sparks Industry Debate

After Amazon called for global alignment on responsible artificial intelligence (AI)...

5 hours ago
Accounts Receivable
US Bank and Billtrust Partner on AR Platform for Suppliers

U.S. Bank has introduced an automated, comprehensive accounts receivable (AR) platform...

6 hours ago
Earnings
Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers

Consumer caution does not seem to be hurting the Coca-Cola Company. The...

6 hours ago
Earnings
Spotify Hits Record Q2 Earnings Amid Double-Digit User Growth

In its earnings report released Tuesday (July 23), Spotify showcased a...

6 hours ago
Consumer Insights
Single Parents’ Retail Spending Plunges 35% in One Month

Parents are spending less on retail purchases each month, as budget...

6 hours ago
Regulation
FTC Investigating Companies’ Use of Personal Data to Set Prices

The Federal Trade Commission (FTC) is looking to learn more about...

7 hours ago
Business
Report: Revolut Could Hit $45 Billion Valuation After Share Sale

Revolut is reportedly preparing a share sale that would value it...

7 hours ago
Credit Cards
Blu Financiero Launches Credit Card for Underbanked Consumers in Mexico

Blu Financiero, a FinTech company focused on the underbanked population in...

7 hours ago
Retail
Albertsons’ Loyalty Refresh Contributes to 23% Digital Growth

As grocery shoppers increasingly seek out Click-and-Mortar™ technologies for a seamless...

7 hours ago
Mobile Wallets
TerraPay Enables Cross-Border Payments to 2.1 Billion Mobile Wallets

TerraPay says financial institutions can now send money to mobile wallets via...

7 hours ago
Connected Economy
DraftKings Bringing Online Sportsbook to Washington DC

DraftKings says it plans to launch its online sportsbook in Washington, D.C....

8 hours ago
B2B Payments
Visa and Toqio Partner on Commercial Card Solutions

Toqio and Visa have partnered to provide Visa commercial cards to businesses that...

8 hours ago
artificial intelligence
Meta Unveils Llama 3.1, Challenging Closed-Source AI Giants

Meta has challenged the artificial intelligence status quo by releasing Llama...

9 hours ago
Cryptocurrency
Swiss Lenders Aim to Fill Crypto Payment Gap

Following the collapse of two crypto-friendly American banks, European lenders are...

9 hours ago
artificial intelligence
Travel Industry Shifts Gears With New AI Tools 

Travel companies are introducing a range of artificial intelligence (AI)-powered tools,...

9 hours ago
Partnerships
Finastra and CredAble Partner on Supply Chain Finance for Banks

Finastra and CredAble have partnered to enable banks to offer their...

9 hours ago
Transportation
DOT Probes Delta's Handling of CrowdStrike Outage

Delta Air Lines’ handling of a recent mass IT outage is...

10 hours ago
Earnings
Earnings Season Shows Companies Still Spending on Corporate Cards

As banks weighed in this month with their earnings reports, Wall...

10 hours ago
Fraud Prevention
Featurespace and OrboGraph Team to Combat Check Fraud

Financial crime prevention firm Featurespace has launched a partnership with fraud...

10 hours ago
Retail
Croissant Expands Guaranteed Resale Price Offering to Mobile App

Croissant has launched an iOS mobile app that shows consumers guaranteed...

11 hours ago
eCommerce
TikTok Reportedly Bringing In-App Shopping to Spain and Ireland

TikTok is reportedly planning to roll out in-app shopping for users...

11 hours ago
Amazon
Report: Amazon Nearing Launch of Alexa Paid Tier

Amazon reportedly plans to launch a paid tier of Alexa as...

11 hours ago
Earnings
Global Freight Recession Drives UPS Profits Down by Over 30%

Softened pricing, heightened labor cost, and a freight demand pullback are...

11 hours ago
Aggregators
Aggregators’ Race for Deal Seekers’ Spending Intensifies With Grubhub’s Entry

Grubhub has jumped into the summer deals frenzy, following the lead...

12 hours ago
Mobile Wallets
Inrupt Debuts Data Wallet as Digital Wallet Use Grows

Enterprise software firm Inrupt has introduced a digital wallet designed to...

12 hours ago
Fraud Prevention
Galileo Launches 3D Secure Product to Guard Against Credit Card...

Galileo Financial Technologies now offers 3D Secure to help clients protect...

12 hours ago
B2B Payments
XTransfer and EBANX Form LatAm B2B Payments Partnership

Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday...

13 hours ago