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Department store chain Dillard’s sued Wells Fargo on Thursday (May 22), alleging that the bank breached a co-branded credit card relationship that has since ended.
Dillard’s alleges that this breach cost it tens of millions of dollars, Reuters reported Thursday, citing a “heavily redacted complaint” filed in Manhattan federal court.
Neither Dillard’s nor Wells Fargo immediately replied to PYMNTS...
R3 and Solana Foundation have partnered to bring regulated real-world assets onto a public blockchain.
This collaboration will bring together R3’s private enterprise blockchain, which is used by regulated financial institutions, and the Solana public mainnet, the organizations said in a Thursday (May 22) press release.
The combination of their capabilities will help regulated financial...
Apple reportedly plans to introduce artificial intelligence (AI)-enhanced smart glasses that would compete with Meta’s Ray-Bans.
The company aims to produce a large quantity of prototypes by the end of the year and then release the smart glasses at the end of 2026, Bloomberg reported Thursday (May 22), citing unnamed sources.
Apple did not immediately reply to PYMNTS’ request for comment....
New legislation recently passed in Congress eliminates federal taxes on tips — and one ripple effect is that there should be further tailwind for those tips to be paid out digitally rather than in cash.
For restaurants, hotels and a host of other businesses, the daily divvying up of cash tips, parceled out to shift (and other) workers has become a mainstay of take-home pay. The onus has been on...
RevenueCat has raised $50 million in a Series C funding round to expand its platform that powers subscriptions, in-app purchases and virtual currencies for consumer software.
The company plans to use the new capital to scale product development and make strategic hires, it said in a Thursday (May 22) press release.
“Developers deserve a frictionless way to make money, and nobody has approached...
This week marked a captivating point in time for the future of artificial intelligence (AI), with technology leaders such as OpenAI CEO Sam Altman sharing his vision for the next generation of AI devices, Google CEO Sundar Pichai taking passive-aggressive potshots at AI rivals and Amazon CEO Andy Jassy sharing his unwavering belief in AI’s benefits for the future.
The following quotes from top...
The Commodity Futures Trading Commission (CFTC) could be left with a single member sometime before the end of the year, as three current members have announced their intention to leave.
Commissioner Kristin Johnson announced Wednesday (May 21) that she plans to leave the CFTC later this year, Bloomberg reported Thursday (May 22).
Commissioners Summer Mersinger and Christy Goldsmith Romero...
Anthropic has introduced the next generation of its artificial intelligence (AI) models, Claude Opus 4 and Claude Sonnet 4.
“These models advance our customers’ AI strategies across the board: Opus 4 pushes boundaries in coding, research, writing and scientific discovery, while Sonnet 4 brings frontier performance to everyday use cases as an instant upgrade from Sonnet 3.7,” the company said in a...
In the not-so-distant past, the B2B world ran on manual processes, spreadsheets and trust built over handshakes. Supply chains were static, finance departments reactive, and technological disruption was mostly a consumer-facing affair. Today, that world is almost unrecognizable.
A convergence of automation, artificial intelligence (AI), and embedded finance is reshaping the very foundation of how...
Luxury lifestyle products firm Ralph Lauren plans to raise prices to cover the cost of tariffs, saying the demand it is seeing from its high-end customers will support the move.
“We are assessing additional pricing actions for fall 2025 and spring 2026 to mitigate the potential impact of evolving tariffs,” Ralph Lauren Chief Financial Officer Justin Pacicci said Thursday (May 22) during the...