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The end might be near for the Synapse bankruptcy case. Jelena McWilliams, the court-appointed Chapter 11 trustee has formally requested the U.S. Bankruptcy Court for the Central District of California to convert the Chapter 11 case to Chapter 7 or, alternatively, dismiss it. The motion filed Friday, June 6, highlights the estate’s lack of funds, the failure of asset sale efforts, and the...
Even with all the innovation seen lately in the banking, payments and digital economy sectors, new business models are hard to come by. Features and slight tweaks? The industry builds on them every day. That’s why when real-time data and cloud analytics are giving merchants and card issuers new ways to say “yes” at the checkout, a straight line from innovation to sales is clearly drawn. Turning...
The classic holiday film “It’s a Wonderful Life” is sometimes called “the credit union movie” for its heart-warming depiction of a member-owned financial institution with strong ties to the local town, friendly customer service and no bells or whistles. Even though Bailey Brothers Building...
Payments optimization is a battleground for businesses aiming to maintain a competitive edge in the evolving digital landscape.
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Achieving peak performance in payment processes requires a focus on three key pillars: choice, confidence and convenience.
The PYMNTS Intelligence report “Big Three: How Choice, Confidence and Convenience Drive Payments Optimization,” a...
Insurance firms face a conundrum when digitalizing operations, as they accept and disburse payments that have multiple points of contact. Are they going to be tech experts, and take the bulk of infrastructure and security challenges in-house? Do they buy other firms that have the relevant expertise?
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It’s the typical build vs. buy debate. But in an interview with PYMNTS...
The CE 100 Index logged strong gains this past week, adding 2.8% and outperforming benchmarks like the NASDAQ and the Standards and Poor’s 500 Stock Index.
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Only one pillar of the CE 100 Index, the Communications segment, lost ground, slipping a slight 0.2%.
iRobot shares showed the most notable increase out of the names tracked, soaring 29% through the week. The...
When the thermometer starts to climb this summer, your electric bill will likely climb with it.
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That’s according to recent figures from the U.S. Energy Information Administration (EIA), showing that the average American home will spend around $186 per month on electricity during June, July and August.
That figure represents a 3.7% increase from last summer, and a 25%...
Will this be a long, hot summer for the U.S. economy?
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As The Wall Street Journal (WSJ) reported Sunday (June 8), while job growth held steady last month and unemployment remains lower, there are still risks facing the American economy.
For one, the labor market has been in a place where businesses aren’t hiring, but are also hesitant to fire workers.
But joblessness...
Microsoft is planning to rank artificial intelligence (AI) models based on safety.
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This effort is part of the tech giant’s effort to foster trust among its cloud customers as it sells them AI products from companies like OpenAI and xAI, the Financial Times (FT) reported Sunday (June 8).
Sarah Bird, Microsoft’s head of Responsible AI, told the FT the company would soon...
Private equity firms are reportedly rethinking exit strategies as initial public offerings (IPOs) remain scarce.
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In a report Sunday (June 8) following the industry’s annual European conference, the Financial Times (FT) said private equity (PE) executives were prioritizing other methods for exiting their investments, including breaking up businesses to sell them off in...