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Meta reportedly plans to introduce its new smart glasses at next month’s “Connect” conference. Those glasses, Meta’s first to feature a consumer-ready display, will be announced at the annual conference along with a wristband that lets users control the glasses via hand gestures, CNBC reported Friday (Aug. 22), citing sources familiar with the matter. The glasses, codenamed “Hypernova...
Watch more: Fueling Payments Innovation with Traditional and Alternative Data Power In the payments industry, data isn’t just a tool; it’s the bloodstream of operations. From credit risk models to customer loyalty programs, the accuracy and accessibility of data shape decisions and give rise to financial ecosystems. Yet the very foundation of that information is under strain....
For several years, small- to medium-sized businesses (SMBs) in the United States have lived under a cloud of uncertainty. From pandemic shutdowns to runaway inflation and supply chain chaos, the expectation has been that Main Street could crack under the weight of global pressures. Now, with tariffs reshaping the cost structure of imported goods, many analysts have assumed the smallest...
Buying furniture online these days is about as easy as hauling a sofa up a flight of stairs. Consumers browse multiple tabs, track shipping timelines in spreadsheets and screenshot products to consult with partners before finally making a purchase. That’s if they make one at all. Awaiting the more determined shopper is the task of navigating a maze of sites, carts and checkout forms. ...
Traditional credit cards are facing pressure in the battle for consumer spending power. While general-purpose cards remain the workhorse of American credit, their use for installment payments is growing far more slowly than private-label store cards — a shift driven, as PYMNTS Intelligence has found, largely by younger consumers who prefer predictable, interest-free options over revolving debt...
This week, the app provider rankings explore crypto wallets. As usual, we found some surprises among the top movers in the recent rankings. But before introducing you to Strike and Uphold, a little background is in order. A cryptocurrency app wallet is like a digital keychain for your money on the blockchain. Instead of holding cash or cards, it stores the “keys” you need to send,...
The CE 100 Index gained 2.1%, as all pillars were in the green, an event not seen in several weeks. Dayforce Leaps on Thoma Bravo Deal Dayforce proved to be the highest profile gainer through the week, leaping more than 30.8% and moving the Work pillar ahead by 2.2%. Dayforce struck a deal to be acquired by Thoma Bravo for about $12.3 billion, as reported by several sites, including...
The financial services map is being redrawn, and credit unions are at the center. As FinTechs distance themselves from big banks, they’re forging bold new partnerships with smaller, more agile institutions. What’s driving this strategic pivot? PYMNTS Intelligence, in collaboration with Velera, dives deep into the motivations, the market shifts, and the technologies that are shaping the next wave...
In the rush to expand internationally, merchants may be overlooking a simple but potent tool: the one-click checkout. While digital wallets and real-time payments grab headlines, the frictionless final step of the transaction may hold the greatest potential for conversion and a boost in revenues — especially in global eCommerce, where consumers drop off at the slightest inconvenience....
Private equity (PE) operations are reportedly struggling to raise funds despite offering investors unheard-of incentives. Fundraising among PE firms came to just $592 billion in the 12 months to June, the lowest total in seven years, the Financial Times (FT) reported Sunday (Aug. 24), citing data from Preqin. This downturn happened even with PE outfits offering discounts like...