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When it comes to the Amazon-Walmart competition, grocery has become a key battleground. Why? It’s the closest thing U.S. retail has to a weekly subscription. Win the cart, and you earn repeat trips and durable customer habits. That’s why recent consumer-tracking data showing Walmart’s grocery penetration at a record 72% of U.S. households lands as more than a headline. The same tracker says...
Watch more: What’s Next In Payments With Mastercard’s Mark Barnett
Strategic narratives in payments can come with some loaded words.
Artificial intelligence, institutional blockchain and real-time rails are routinely positioned as the decisive forces shaping the next cycle.
Mark Barnett, global head of small and medium enterprises at Mastercard, told PYMNTS during a conversation for...
Blockchain-native capital marketplace Figure Technology Solutions saw its Consumer Loan Marketplace volume double year-over-year in the fourth quarter.
The volume rose 131% over that period to reach $2.7 billion in the fourth quarter, the company said in a Thursday (Feb. 26) earnings release.
Figure Connect, the company’s blockchain-based marketplace for private credit that was...
Klarna said Wednesday (Feb. 25) that the number of people using its app on a daily basis rose by 53% over the past year and now stands at 9 million.
The company said in a press release that this growth demonstrates more frequent use of Klarna’s banking, spending and shopping services as customers make these services part of their everyday money management.
The growing usage also comes...
The RealReal’s latest earnings message is less about a single quarter’s sales tally and more about how the luxury reseller thinks artificial intelligence can rewire the work behind every listing, from deciding which sellers to pursue to getting more items authenticated, described and priced fast enough to meet demand.
On the Q...
Comptroller of the Currency Jonathan Gould said Thursday (Feb. 26) that he will consider sharing the unredacted bank charter application of World Liberty Financial, the decentralized finance company co-founded by members of the Trump family, with the chairman and the ranking member of the Senate Banking Committee, Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass.
Gould said this...
Einride, a developer of digital, electric and autonomous freight solutions, raised $113 million in private investment in public equity (PIPE) financing to support a proposed business combination it announced in November.
The transaction values Einride at $1.35 billion, pre-money, the company said in a Thursday (Feb. 26) press release.
The company will use the proceeds from the PIPE to...
Block’s massive staff cuts dominated the news surrounding its fourth quarter earnings release and conference call Thursday (Feb. 26).
As the company culls its workforce from more than 10,000 employees to just under 6,000, Block also used the call to point to accelerating growth in its banking ecosystem, in terms of active users, transactions and Cash App at the center of that ecosystem...
Apple asked a federal judge Thursday (Feb. 26) to dismiss a proposed class action lawsuit that alleges the company defrauded shareholders, Reuters reported Thursday.
The plaintiff alleges that Apple overstated its progress in adding artificial intelligence features to its voice assistant Siri and that the company misrepresented its ability to comply with a 2021 injunction in a case...
The Brink’s Company plans to acquire NCR Atleos in a cash and stock transaction valued at $6.6 billion, creating a “leading financial technology infrastructure company,” the firms said in a Thursday (Feb. 26) press release.
The companies have entered into a definitive agreement on the acquisition, and they expect the transactions to close in the first quarter of 2027, subject to...