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46% of US Consumers Show Interest in Open Banking for Bill Pay
In the modern business landscape, adopting open payments platforms is no longer optional; it’s a necessity. A PYMNTS Intelligence report, “Three Things You Need to Know About Open Payments,” a c...

Janover’s 123% Leap and Robinhood’s Upgrades Lead FinTech IPO Index Higher
The first few trading days of 2025 saw the FinTech IPO Index log a 1.2% gain — where one notable triple-digit surge led the pack. Overall, however, a spate of declining names blunted the momentum of...

Elon Musk Startup xAI Launches App Offering Access to Grok Chatbot
Elon Musk’s artificial intelligence (AI) startup xAI has launched a stand-alone consumer app called Grok that offers access to the company’s chatbot of the same name. Grok Beta for iOS offers acce...

Macy’s Announces First 66 ‘Underproductive Stores’ It Will Close
Macy’s said Thursday (Jan. 9) that it will close 66 store locations as part of the Bold New Chapter strategy it announced in February. These are among the 150 “underproductive stores” the retail...

Latest Inventory Data Offers Mixed Signals for Merchants
The latest government data on inventories moving through the channels offered up mixed signals for merchants, particularly for nondiscretionary items — or at least that was the case moving into the...

Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase late last year, was su...

Blockchain Interoperability Hits the Right Note for Crypto Payments
As the news Thursday (Jan. 9) that FV Bank is expanding its stablecoin capabilities via a partnership with PayPal underscores, businesses need a blockchain strategy. The problem? At a technical and ...

Zellis to Expand AI-Powered HR and Payroll Platform With Elementsuite Acquisition
Zellis said Thursday (Jan. 9) that it plans to create an end-to-end artificial intelligence (AI)-powered human resources (HR) and payroll platform by acquiring elementsuite. The acquisition will add ...

Report: Shein Could Launch IPO in London in April
Fast-fashion retailer Shein Group reportedly plans to launch its initial public offering (IPO) in London by the middle of the year. Subject to regulatory approvals, the company could do so as early as...

Amazon Goes for a Drive; Walmart Leans Into Health and Wellness
Amazon and Walmart are each carving out new territories in response to consumer demands, but their approaches are quite different. Amazon is focusing on the automotive industry, particularly through ...