From PYMNTS.com

  • Capital One CEO Calls Discover Deal ‘Singular Opportunity’

    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 of Discover Financial Services. Purchase volume on its cards was up 6% year over year to $146.6 billion, but was 7% below the fourth quarter of 2023. The company’s supplementals […]

  • Snap Reports Augmented Reality Drives User Engagement, Brand Advertising

    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 of Snap, said this Thursday (April 25) during the company’s quarterly earnings call. He said that Snap considers AR to be one of the company’s three strategic priorities, alongside revenue […]

  • The Future of AI? RAG Combines Language and Search

    As experts hint at the nearing technical limits of large language models (LLMs), the spotlight turns to retrieval-augmented generation (RAG) — a promising advancement that could redefine artificial intelligence (AI) by merging information retrieval with natural language generation. LLMs have led AI technology and improved various applications. However, their tendency to generate false information has limited […]

  • Robo-Forklifts Rev Up Walmart’s Warehouses

    In Walmart’s sprawling distribution centers, a quiet change is underway. The retail behemoth is preparing to deploy a fleet of 19 autonomous electric forklifts across four of its facilities, marking a significant step forward in integrating AI-powered robots into industrial settings. As these machines take on the repetitive and strenuous tasks of moving goods, they offer a glimpse into a future […]

  • Report: ByteDance to Shut Down TikTok If Legal Efforts Fail

    TikTok owner ByteDance would reportedly rather shut down the social media platform than sell it. That’s what the firm plans to do if it is unsuccessful in its legal efforts to fight legislation that would ban TikTok from app stores in the United States if it is not sold, Reuters reported Thursday (April 25), citing unnamed sources. ByteDance considers TikTok’s […]

  • Microsoft: Unlocking AI Benefits Will Require Cultural Changes for Enterprises

    Digital transformation is the name of the game — and that’s great news for Microsoft. The company, which reported its Fiscal Year 2024 Q3 earnings results on Thursday (April 25), has seen ongoing enterprise digitization fuel a greater appetite across the business landscape for innovations like artificial intelligence (AI) and cloud services — innovations that Microsoft […]

  • Digital Platforms Elevate Renters’ Personal Finance Game

    Digital platforms are transforming the personal finance landscape for renters by emphasizing the importance of leveraging nuanced insights derived from rental payment data, a facet traditionally excluded from credit scoring models. Among the firms driving this transformation is EasyKnock, a home equity solution platform, which recently partnered with Piñata to offer its customers access to reward and credit-building […]

  • Stripe to Launch Support for Global Stablecoin Payments This Summer

    Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter): “Crypto is back.” Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https://t.co/hws2OsU3Id and watch […]

  • 79% of US Consumers Are Highly Satisfied With BNPL

    Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to shop more strategically, buying items one day and paying for them with a set schedule of payments over time to better manage their budgets. According to PYMNTS Intelligence’s “Divided, Not Conquered: Acquirer and Merchant Confusion Clouds Split-Payments Landscape” report, a collaboration […]

  • Alphabet Q1 Earnings Focus on AI Monetization

    Come for the comments about AI. Stay for the earnings call. That will most likely be the pattern of big tech earnings over the next two weeks as companies prioritize technology over financial reporting. It was the case when Meta reported Wednesday (April 24). And it was the case for Alphabet when it reported its […]

  • Chipotle Says Value Keeps Customers Coming Back Despite Rising Prices

    Higher prices at Chipotle haven’t kept customers from visiting and spending at the fast-casual restaurant. They’re doing so because of value, executives said during the company’s quarterly earnings call. Chipotle saw its comparable restaurant sales increase 7% year over year during the first quarter, the company said in a Wednesday (April 24) earnings release. The company attributed […]

  • Report: FDIC Seeking Buyers for Republic First Bancorp

    The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The regulator is approaching potential buyers and seeking bids for the bank, which has traded at a market value of less than $1 million for much of April after reaching a […]