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For card issuers seeking to modernize and digitize, there’s a strong preference to have a go-to provider as a single point of access for critical functions, PYMNTS Intelligence data show.
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As we conducted our surveys of payments professionals for the joint report done between PYMNTS Intelligence and Visa DPS, titled “The Best-In-Class Modern Card Issuer: Driving Customer...
Nvidia now has the distinction of being the world’s first $4 trillion public company.
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The chip designer’s market capitalization rose below that mark Wednesday (July 9), though it had dipped to $3.9 trillion by midafternoon. It is now the market’s biggest company, ahead of Microsoft and its $3.73 trillion market cap.
The news comes six days after Nvidia briefly became...
The Bank of England said global financial markets are still in jeopardy despite easing tariff tensions.
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“Risks and uncertainty associated with geopolitical tensions, global fragmentation of trade and financial markets, and pressures on sovereign debt markets are still elevated,” the United Kingdom’s central bank said in a report issued Wednesday (July 9).
The mid-year...
Papaya Global and Worksome have partnered to help businesses of all sizes manage and pay freelancers, contractors and gig workers globally.
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The collaboration brings together Papaya’s platform that helps enterprises pay workers compliantly in the local currency of more than 160 countries, and Worksome’s freelancer and hiring manager system, the companies said in a...
The Financial Stability Board, a global financial watchdog, is calling for greater oversight of the multitrillion-dollar shadow banking sector.
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The FSB issued a report Wednesday (July 9) on the growth of nonbank financial institutions (NFBIs), saying that regulators should consider limits on leverage used by these firms while also taking steps to limit their size,...
X CEO Linda Yaccarino said Wednesday (July 9) that she is stepping down from that position after two years, without giving a reason for the move.
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In a Wednesday post on X, Yaccarino said she is grateful to X owner Elon Musk for entrusting her with the responsibility of “protecting free speech, turning the company around, and transforming X into the Everything App.”
“I’m...
Consumer packaged goods companies are accelerating the adoption of artificial intelligence in their operations, marketing and supply chains as they seek new ways to boost growth and efficiency in a mature and competitive industry.
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In May, PepsiCo announced a collaboration with Amazon Web Services to enhance its in-house generative AI platform, PepGenX. The partnership...
In May, the pace of consumer credit, overall, decelerated. And in one positive sign, credit card balances decreased for the first time in since the end of last year, before the holiday shopping deluge.
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But the trimming of card balances may be a temporary move, given spending plans through the next year, sticky inflation and an uncertain outlook for tariffs.
The...
Amazon Prime Day generated nearly $15 billion last year. The sales event, extended to four days for the first time ever this year, has long been the eCommerce juggernaut’s crown jewel, a blockbuster sales event that once redefined the online retail calendar.
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But this year, the story could be different. Macro uncertainty, tariff turbulence and the evolution of consumer...
David’s Bridal opened a new Amazon storefront featuring a new brand that offers gowns and dresses for both special and everyday occasions.
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By opening the Amazon storefront for The Edit by DB Studio, David’s Bridal aims to continue expanding its offerings and ways to shop, positioning it to compete outside of bridal fashion and introduce its fashion to new shoppers...