Новости за 12.01.2024

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings call that the bank also benefited from its continuing focus on efficiency and credit discipline. “We grew net income and diluted earnings per share with […]

Bank of America’s digital evolution continues. The company posted December quarter results that showed digital volumes are on the upswing, as active digital users topped more than 46 million, up 4.5% from a year ago. Digital “sales” as a percent of total sales came in at 49%, per the company data. P2P volumes through Zelle gained […]

Rokt has agreed to acquire AfterSell in a move the company says will provide more tools to Rokt Shopify app users.  These tools will help small- to medium-sized businesses (SMBs) boost revenue and enhance their customers’ shopping experience, Rokt said in a Thursday (Jan. 11) press release.  “AfterSell has built a brilliant roster of SMB clients on […]

The digital age has ushered in unprecedented opportunities for business growth, but it has also given rise to increasingly sophisticated fraudulent activities. From friendly fraud to elaborate chargeback schemes, merchants face a myriad of challenges in their quest to safeguard their operations, frequently leading to the occurrence of failed payments. In “The Role of Fraud […]

Generative artificial intelligence (AI), like most programming languages, uses Epoch Time to standardize its operations. Epoch Time is the number of seconds that have elapsed since Jan. 1, 1970; but as the technology continues its onward march, putting more silicon into more business solutions, a new unit of measurement capable of addressing the rapid advances […]

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023. Their responses show critical trendlines to watch in the new year. Jehan Luth, founder and CEO of Banyan, says payment interoperability and data will be […]

As artificial intelligence makes its way into more kitchen devices, kitchenware companies are noting the opportunity to drive not only sales of smart appliances but also recurring revenue via ongoing subscriptions, as CES 2024 revealed. One such device on display at the consumer electronics event in Las Vegas, for instance, was the Exobrew, a smart […]

The New York State Department of Financial Services (DFS) has announced that Genesis Global Trading will pay an $8 million penalty to the state and surrender its BitLicense.  These moves come after a DFS investigation found “significant” failings in the company’s anti-money laundering (AML) and cybersecurity programs, the regulator said in a Friday (Jan. 12) press release.  The enforcement investigation […]

The world’s academics, CEOs and economists convened in Davos, Switzerland, this week for the annual World Economic Forum (WEF), with artificial intelligence (AI) occupying a split place on the agenda. On one hand, AI was portrayed as a villain that could steal elections. On the other hand, attendees presented technology applications that could improve consumer-facing […]

DLTPAY, a stablecoin wallet provider based in Tallinn, Estonia, reportedly integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate cross-chain stablecoin payments across Ethereum Layer-2 networks. The integration aims to simplify transactions and improve the user experience, according to a press release posted on Cointelegraph. DLTPAY did not immediately reply to PYMNTS’ request for comment. The […]

Margrethe Vestager, the European Union’s (EU) antitrust chief, recently met with the chief executives of tech giants Apple, Alphabet and Qualcomm.  The purpose of these meetings was to discuss regulation and compliance with competition policies, particularly in the European digital market, Reuters reported Friday (Jan. 12).  Vestager took to social media platform X to share insights into her discussions with each CEO, according to […]

Ongoing macroeconomic headwinds and labor realities are grounding Delta Air Lines’ near-term outlook. The Atlanta-based airline told investors during its Friday (Jan. 12) December quarter and full-year 2023 earnings call that the last two years were a period of intense restoration. Now, the company is “entering a period of optimization.” Delta’s full-year earnings per share […]

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023. Galileo Chief Product Officer David Feuer says the pressure to deepen digital relationships with customers is mounting.   For years, financial services and non-financial brands […]

Earnings season’s here, with JPMorgan among the most visible names reporting Friday morning (Jan. 12).  And the big bank’s metrics are showing evidence that consumer spending is still strong. But as management commentary on the call noted, spending may moderate as it outpaces any momentum in building up deposits. Credit losses are still in a […]

As consumers increasingly expect commerce integrated into their day-to-day lives, spirits giant Brown-Forman, parent company of Jack Daniel’s, is looking to create more immersive online shopping experiences. In an interview with PYMNTS, Lynette Green, Brown-Forman’s integrated marketing communications manager, omnichannel for the USA and Canada, discussed these emerging opportunities for contextual commerce. “I’m really excited […]

In the first two weeks of the new year, several prominent companies, including Amazon, Citigroup, Xerox, Google and BlackRock, have announced plans to cut jobs, signaling a continued push for efficiency and cost reduction. Despite improving economic conditions and a strong labor market, these companies are looking to trim their workforces and streamline operations, The […]

In the world of social media, influencers have been joined by deinfluencers. These emerging social media personalities are challenging the fast fashion movement and encouraging their followers to buy less junk, Bloomberg reported Friday (Jan. 12). The term “deinfluencer” refers to individuals who reject overhyped trends and materialism, according to the report. They lead with […]

Shein is reportedly seeking approval from a Chinese regulator to go public in the United States. The online fashion company, which is based in Singapore and valued at $66 billion, filed with the regulator in November to comply with new listing rules for local firms, Reuters reported Friday (Jan. 12), citing unnamed sources. Shein did […]

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023. Their responses show critical trendlines to watch in the new year. Clark Dumas, head of merchant success at Trustly, says merchants looking to cut costs […]

CES 2024 was more than an occasion to introduce new gadgets, robots and artificial intelligence (AI)-driven product development. Turns out that marketers want to play in the AI sandbox as well, and CMOs turned out in force in Las Vegas to share ideas and discuss its benefits to consumers. “We’re in a unique position as […]

As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters. Nick Fleetwood, head of data services at Form3, said that there’s at least some reference to be gained from the United Kingdom, where there’s a relatively mature instant payments architecture in place as nearly […]

In the generative artificial intelligence era, every industry will likely reap new efficiencies. Unlike previous iterations of AI, which focused on predictive or discriminative inference, generative AI can understand subtleties and nuances, and then create outputs atop them. That capability — and capacity — has implications within the legal field and across business operations, James […]

From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers manage their healthcare, the two retail giants faced off this week with news of tech with a personal touch that reaches into many parts of consumers’ daily lives. Walmart and […]

Like all chains, supply chains are only as strong as their weakest link.  Only, unlike most physical chains, identifying the weakest link in a complicated supply chain be, well, complicated.  “Many businesses, for example in retail, that are vertically integrated are facing exactly the same challenges,” Michael Falck, co-founder of RELEX Solutions, tells PYMNTS.  What firms need, Falck […]

Debopama Sen, head of payments, Citi Services, and Biswarup Chatterjee, head of partnerships and innovation, Citi Services, told Karen Webster that when it comes to payments, banks must offer choice, speed and transparency to their enterprise clients. Otherwise, they risk losing business to digital upstarts — and as much as 10% of revenues. Noted Sen, […]