PYMNTS News

Mastercard Teams With Databricks on GenAI Assistant
Mastercard Teams With Databricks on GenAI Assistant
October 29, 2024  |  artificial intelligence

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed...

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Private-Label Card Trends May Signal Uneven Holiday Spending
Private-Label Card Trends May Signal Uneven Holiday Spending
October 29, 2024  |  Credit Cards

Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. The Federal Reserve estimated earlier this year that “retail credit...

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Visa to Lay Off 1,400 as It Streamlines International Business
Visa to Lay Off 1,400 as It Streamlines International Business
October 29, 2024  |  VISA

Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to...

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The Vitamin Shoppe Embraces Digital Transformation for Enhanced Customer Journeys
The Vitamin Shoppe Embraces Digital Transformation for Enhanced Customer Journeys
October 29, 2024  |  Retail

The Vitamin Shoppe is strategically striving to elevate its customer experience, using tech to create a more personal omnichannel shopping experience that the company hopes...

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Binance Debuts Crypto Service for Wealth Managers
Binance Debuts Crypto Service for Wealth Managers
October 29, 2024  |  Cryptocurrency

Binance says it has become the first crypto exchange to offer a wealth management solution. Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee...

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Circle Teams With Thunes on Stablecoin Liquidity Management
Circle Teams With Thunes on Stablecoin Liquidity Management
October 29, 2024  |  Cryptocurrency

Money movement platform Thunes has launched a partnership with stablecoin issuer Circle. The collaboration is designed to “accelerate innovation in stablecoin liquidity management,” letting members of Thunes’ Direct Global...

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Report: xAI Aims to Raise ‘Several Billion Dollars’
Report: xAI Aims to Raise ‘Several Billion Dollars’
October 29, 2024  |  artificial intelligence

Elon Musk’s xAI reportedly aims to raise “several billion dollars” in a funding round that would value it around $40 billion. The funding discussions are...

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J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
October 29, 2024  |  Legal

Over the summer, a curious fad went viral on TikTok, involving Chase Bank. People were writing fake checks and depositing them into the bank’s ATMs,...

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PayPal Reports BNPL Bounce, More Focus on Financial Services
PayPal Reports BNPL Bounce, More Focus on Financial Services
October 29, 2024  |  Earnings

With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer...

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