Новости за 02.08.2024

Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working with investment bankers to evaluate interest from private equity firms and other potential buyers, Reuters reported Friday (Aug. 2), citing unnamed sources. The talks are in the early stages and […]

The sports gaming industry is at a crossroads, with technological innovation, regulatory changes, and consumer habits all combining to drive rapid evolution. And all three of those themes were central to executive commentary during DraftKings’ second-quarter 2024 earnings call Friday (Aug. 2). “We very efficiently acquired many more new customers than we expected and saw […]

Analysts are reportedly awaiting earnings reports from major retailers with interest after Amazon’s latest results “sent a chill” through the sector. Amazon reported its results Thursday (Aug. 1), while Walmart will do so on Aug. 15, followed by Target and Kroger, Reuters reported Friday (Aug. 2). In its report, Amazon said it saw slowing online […]

It was the thick of earnings season this week, but that didn’t mean PYMNTS’ interviews with key executives took a break. Here are some of the most notable quotables for the week ending Aug. 2 in case you missed them. We started the week with the latest installment in our “A Day in the Life […]

It’s commonplace to refer to the U.S. consumer as the engine that drives the country’s economy. The observation is grounded in truth, given the fact that consumer spending accounts for roughly 70% of GDP. But we’re witnessing the emergence of the “cautious consumer,” as tracked through PYMNTS Intelligence’s data, and as relayed through various economic […]

The largest banks in the United Kingdom are reportedly cutting costs to protect profits as interest rates begin to decline. The moves come as the Bank of England voted this week to cut rates for the first time in four years and signaled that there are more cuts on the way, Bloomberg reported Friday (Aug. […]

Apple is reportedly pressuring the makers of China’s most popular apps — WeChat and Douyin — to stop allowing in-app creators to steer users to payment systems outside the Apple platform. The iPhone maker has threatened to reject updates to WeChat from Tencent Holdings and to Douyin from ByteDance unless the companies close those loopholes, […]

As merchants look to target their offerings to consumers’ unique needs and preferences, Gopuff is tapping personalized ads to drive additional revenue. In an interview with PYMNTS following the company’s recent launch of its new in-house ads platform, Daniel Folkman, SVP of business at the on-demand delivery company, noted that, for these efforts to be […]

As the tech industry pushes toward more AI interactions, a new entrant in the wearable market is raising eyebrows and questions about the future of AI companionship. The “friend” pendant, a $99 AI-powered necklace set to launch in 2025, aims to provide companionship rather than just utility. This always-listening pendant, which responds to voice prompts […]

OwlTing Group integrated its digital wallet, OwlPay Wallet Pro, with the Stellar blockchain to support the USDC stablecoin on Stellar. The integration will expand the reach of the OwlPay payment platform to the more than 8 million accounts on Stellar, OwlTing, a global blockchain FinTech company, said in a Thursday (Aug. 1) press release. “Integrating […]

On Thursday (Aug. 1), Snap, the parent company of Snapchat, announced it reached a milestone during the second quarter: 850 million monthly active users. “Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,” Snap CEO Evan Spiegel said, as the company continues its […]

Industry giants are going all-in on artificial intelligence (AI), with Meta, Apple and Nvidia leading the charge. As the FTC ramps up oversight and ethical concerns loom, these companies are racing to integrate AI into everything from advertising and mobile commerce to humanoid robots, promising transformed user experiences and lucrative new revenue streams. But as […]

Nvidia is reportedly the focus of a Justice Department antitrust investigation looking into whether the firm has abused its dominant position in the market for artificial intelligence chips. The Justice Department is investigating complaints that Nvidia charges higher prices if customers also buy chips from its rivals and that the company pressures buyers of its […]

The headline employment numbers from the Bureau of Labor Statistics Friday (Aug. 2) showed that firms added 114,000 jobs in July, and the unemployment rate hit 4.3% — a level not seen since the depths of the pandemic — up 0.2% from June. These numbers may add some pressure to an already stressed paycheck-to-paycheck economy […]

Big Tech companies’ efforts around artificial intelligence (AI) are reportedly getting a largely negative reception on Wall Street. In the days since their most recent earnings reports, Amazon, Microsoft and Alphabet have seen their share prices decline, Bloomberg reported Friday (Aug. 2). These companies failed to show that they are gaining sales from their investments in AI infrastructure, according to the […]

The crypto industry is an unpredictable one. For years it has been defined by giant surges in value, as well as equally momentous drops. And if Coinbase Global Inc.’s second-quarter 2024 earnings are any indication, that fact about the digital asset landscape is showing no signs of stabilizing. While the crypto platform beat Wall St. […]

As consumers look to cut costs amid ongoing financial pressures, DoorDash is seeing that digital ordering is largely protected from the traffic declines experienced across other channels in the restaurant industry. The San Francisco-based restaurant aggregator shared Thursday (Aug. 1) in its second-quarter 2024 earnings report that total orders rose 19% year over year and […]

Online fashion retailer Revolve Group is reportedly looking at opening more brick-and-mortar stores in luxury destinations after opening its first such store in Aspen, Colorado, in June. Revolve is considering opening stores in Hamptons beach towns outside New York; Montecito, California; Manhattan; and Beverly Hills, Bloomberg reported Friday (Aug. 2). The retailer’s opening of its […]

As Walmart and Amazon look to boost their margins through digital media sales, the two retail giants are sweetening the deal for potential advertisers. The former announced last month that its warehouse club chain subsidiary Sam’s Club’s Member Access Platform (MAP) is launching display ads within its Scan & Go feature, making it the self-proclaimed […]

April has come and gone but a slew of IRS notices loom this fall as companies may be on the hook for erroneously filed returns, or incorrect information tied to details as simple as names and addresses. Wendy Walker, VP, Regulatory Affairs at Sovos, told PYMNTS that when information is missing or doesn’t match IRS […]

Earnings season’s in full swing and proved to be less than kind to the FinTech IPO Index, which gave up 5%. Double digit declines on the heels of various quarterly reports proved to be common through the last several sessions. NerdWallet shares gave up 28.1%. The latest earnings results showed that revenues were 5% higher […]

The global demand for real-time payments continues along an upward trajectory. Nations on every continent are taking steps to accelerate transactions for both consumers and businesses. The Central Bank of Kuwait (CBK) has approved the launch of WAMD, a new instant payment system. This system enables account-to-account money transfers using phone numbers. Facilitated by FinTech […]

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. A recent PYMNTS Intelligence report, “P2P Payment Potential: Promoting Convenience While Protecting Consumers,” in collaboration with The Clearing House, illuminates the […]

While Wall Street didn’t like what it saw or heard from Amazon’s Q2 earnings, from a consumer spending standpoint there was a lot to like. For now. Across all operating segments the retail, cloud, AI and multimedia company reported net sales climbing 10% year over year to $148 billion, bolstered by a 19% surge in […]

Apple’s latest quarter showed some resilience in services growth – and management noted the potential for artificial intelligence (AI) to help transform the company’s efforts to build out its ecosystem. Investors bid the shares up by about 0.5% after hours — indicating what might be termed a muted response to at least some of the […]