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IBM has introduced a new service that will help enterprises integrate generative artificial intelligence (AI) copilots into their organizations.
Offered by IBM Consulting, the new IBM Copilot Runway will assist enterprises with creating, customizing, deploying and managing these copilots, including those powered by Copilot for Microsoft 365, the company said in a Friday (May 10) press release.
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Among consumers turning to co-branded credit cards to maximize their rewards, the lion’s share want these perks from their favorite retailers, PYMNTS Intelligence research shows.
By the Numbers
The recent report “The Role of Strategic Partnerships in Consumer Credit Cards,” a PYMNTS Intelligence and Elan collaboration, draws on responses from thousands of consumers to explore how consumers view...
McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices.
Franchisees — which can weigh in on major marketing campaigns — rejected the fast-food giant’s proposal earlier this year, but the issue has come up again, Bloomberg reported Friday (May 10).
McDonald’s CEO Chris Kempczinski said during the company’s ...
There might be as many opinions about crypto as there are cryptocurrency tokens. And with tens of thousands of digital assets populating the crypto market, that’s certainly a lot of opinions.
That sheer scale of noise is in part why it can be so challenging to get a clear view of the Web3 landscape — something that holds true for regulators, retail investors, consumers and businesses alike.
This...
Innovation across the payments sector has taken off over the last decade. Driven by automation, speed, security and convenience, electronic payments advances are reshaping back-office workflows and transforming processes historically viewed as static administrative functions.
And with the news this week that digital banking startup Mercury is layering software onto its bank accounts, giving its...
Sift Healthcare has raised $20 million in a Series B funding round to grow its artificial intelligence (AI)-powered Payments Intelligence Platform for the healthcare industry.
The company will use the new funding from this round, which was led by B Capital, to expand its team and invest in its AI, Sift Healthcare said in a Thursday (May 9) press release.
“With the support of B Capital, Sift is...
Consumers are souring about the near-term outlook — on inflation, job prospects and interest rates.
Where there’s worry, there’s possibly some saving for a rainy day at the expense of spending now.
The latest Index of Consumer Sentiment published Friday (May 10) by the University of Michigan declined about 13% in May, measured month over month. The university noted that the 67.4 reading is the...
Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs.
The provider of accounts payable (AP) automation solutions shared the news in a Thursday (May 9) post on LinkedIn after Corpay announced the deal in a Wednesday (May 8) press release.
“We are thrilled to share that we are joining the Corpay team,” Paymerang said in the...
Tech giants and startups are investing billions in AI infrastructure, training and development, with Microsoft planning a $3.3 billion AI data center in Wisconsin, startup Atlan raising $105 million for its AI-ready data stack, and Mistral AI seeking funds at a $6 billion valuation for open-source language models, underscoring the high stakes in the race to harness AI’s transformative potential...
Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud.
In its complaint, Porch alleged that the Chinese lender conspired with employees of Vesttoo, a now-bankrupt Israeli insurance firm, to issue fake reinsurance letters of credit, Reuters reported Friday (May 10).
CCB did not immediately reply to...