Новости за 01.02.2024

FinTech platform Adyen has launched a partnership with small business-focused financial operations platform BILL. The collaboration, announced Thursday (Feb. 1), will see Adyen deliver “acquiring and issuing experiences” for BILL’s accounts payable (AP) and accounts receivable (AR) solutions.  “The partnership started with Adyen for Platforms’ card acquiring and has grown to also include card issuing capabilities, marking a natural […]

American Express and Delta have introduced a revamped version of their co-branded SkyMiles credit cards. The new cards, announced Thursday (Jan. 31), offer a series of benefits to both frequent and occasional flyers, and comes as a majority of consumers are embracing card-linked offers for travel-related purchases. According to an American Express news release, the upgraded cards now let customers […]

Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the business. “As an independent company, Worldpay is committed to bringing greater levels of value, innovation and service to clients through increased investment in product development, […]

Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month of the year, global outplacement and business and executive coaching firm Challenger, Gray & Christmas said in a Thursday (Feb. 1) press release. This happened during a month in which U.S.-based employers, in […]

The pressures confronting UPS may point to wider seismic shifts with eCommerce and the last mile. As the shipping giant gears up for a restructuring and layoffs, it may be Amazon that benefits, having made inroads with its efforts to cement fulfillment services with merchants and third-party sellers. UPS will cut 12,000 positions, equating to a bit less than 3% […]

Amazon could soon be responsible for third-party products on its website. As The Wall Street Journal (WSJ) reported Thursday (Feb. 1), citing sources familiar with the matter, the U.S. Consumer Product Safety Commission is at work on an order that could classify Amazon’s online retail operations as a distributor of goods. Such a designation, the report said, could […]

Businesses in the United States can now accept Cash App Pay in their online checkout through their existing integration with Nuvei. Nuvei and Cash App have partnered to add this option to Nuvei’s platform, which enables businesses to add 680 alternative payment methods to their online checkouts, according to a Thursday (Feb. 1) press release. […]

Risk management platform provider Coris has raised $3.7 million in its first funding round. The company has also introduced two new products — a fraud model and a know-your-business (KYB) offering — that it will offer alongside its centralized risk management platform, Coris said in a Thursday (Feb. 1) blog post. “Our three products help companies automate […]

Instacart and the U.S. Department of Health and Human Services (HHS) are teaming up to help more people access healthy food and tools for better health.   The partnership’s goal is to back and extend initiatives treating food as medicine with programs, research, outreach and policies to improve health outcomes and equity in the U.S.   They […]

For Indian regulators, Paytm Payments Bank was apparently too close with its parent company. The Reserve Bank of India (RBI) this week announced it was suspending business at the bank — an arm of FinTech giant Paytm — after an audit uncovered “persistent noncompliances and continued material supervisory concerns.” But a report Thursday (Feb. 1) by Bloomberg News goes into more […]

Artificial intelligence (AI), in the form of predictive algorithms, has been around for a while.  But while its impact has primarily been in the background of workflows, the emergence of generative AI has brought the technology’s impact starkly to the forefront of commerce, payments and the broader operating landscape.  “With generative AI, you can now […]

Michael Haney, head of product strategy at Galileo Financial Technologies, said machine learning combined with the rise of generative artificial intelligence will usher in a new era of back-office productivity and ultimately transform how financial services organizations use data to deliver hyper-personalized experiences. The conversation between Haney and PYMNTS is part of the “What’s Next […]

Vlad Jovanovic, vice president of innovation at PSCU, told PYMNTS that credit unions will gain loyalty as they harness artificial intelligence to forge new use cases and personalized interactions with their retail and commercial clients. “The enterprises that invest in building new experiences today [with the aid of AI] will stand to gain tremendous benefits […]

IKEA’s unique, maze-like retail format has consistently appealed to consumers worldwide.  At the core of IKEA’s success lies its self-service and exploration model, where the stores serve as expansive showrooms, encouraging customers to navigate through various room displays. This hands-on experience enables shoppers to visualize how furniture and accessories can enhance their living spaces.  Despite […]

Imagine a consumer attempting to make a purchase, only to get rejected at checkout. This was not because of money problems or fraud, but due to a false decline. These legitimate purchases mistakenly marked as fraudulent don’t only create friction in the payment process but also discourage frustrated customers from returning, resulting in lost revenue […]

Easy money attracts bad actors.  In today’s increasingly digitized and borderless business landscape, the threat of attack has only grown more pointed. That’s why it is so important for banks and other financial institutions to ensure that their fraud and financial crime defense programs are sophisticated enough to impede the strategies of today’s bad actors. […]

New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. This news surprised investors who had considered NYCB one of the winners of the 2023 crisis that saw the downfall of Signature Bank, Silicon Valley Bank and First Republic, the Financial Times (FT) reported Wednesday. […]

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce giant PDD Holdings in September 2022, positions it as one of the largest online advertisers in the country, the Financial Times (FT) reported Tuesday (Jan. 30). Despite its high-spending […]