Новости за 16.02.2024

Velmie launched its Business Banking Platform designed to help financial services providers and FinTechs broaden their product offerings. The platform enables these companies to cater to business client needs, including corporate payroll, automatization of payments, invoice factoring, cryptocurrency payments and business deposits, the FinTech company said in a Thursday (Feb. 15) press release emailed to […]

From the advent of digital health platforms and the proliferation of wearable health devices to remote patient monitoring and the integration of artificial intelligence (AI) in clinical decision-making, advancements in technology, coupled with evolving patient demand for personalized, efficient care, have sparked a revolution in healthcare delivery.  Adding to this wave of transformation is Apple Vision […]

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities providing transaction services to its users did not perform adequate due diligence on customers, potentially opening the door to money laundering, terrorism financing and other illegal activities, NBC News reported […]

Back in June, PYMNTS Intelligence crystallized the fact that buy now, pay later (BNPL) payment options were gaining notice and demand from a wide swath of consumers across all tiers of household income and for a broad range of purchases, from small, everyday staples to large-ticket transactions. The general trends were underscored most recently Wednesday […]

Artificial intelligence (AI) is becoming the standard-bearer for innovations that progress in leaps and bounds. Putting an exclamation point on the technology’s value to nearly all sectors and industries, on Tuesday (Feb. 13), chipmaker Nvidia exceeded Amazon in market value for the first time since 2002 as more companies look to grow their AI offerings and consumer interest in […]

Walmart concluded its inaugural Walmart Growth Summit in India, an event designed to strengthen its partnerships and support India’s economic growth. The event saw the participation of export-ready suppliers, innovators and entrepreneurs from 24 states and union territories in India, the company said in a Friday (Feb. 16) press release. Over 80% of the suppliers […]

As brands face increasing challenges driving direct-to-consumer engagement, Chamberlain Coffee is seeing Amazon’s Subscribe & Save program provide opportunities to create long-term customer relationships outside the company’s direct channels. Chris Gallant, CEO of the coffee brand, which sells both D2C and via outside retailers, told PYMNTS in an interview that the eCommerce giant’s subscription features […]

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC) region. This appointment highlights Hawk AI’s commitment to expanding its operations in the APAC market, the company said in a Friday (Feb. 16) press release.  “I’m very pleased to welcome […]

The Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating FinTechs. At the same time, the central bank expects these firms to follow rules on customer verification and data protection, RBI Executive Director P. Vasudevan said Friday (Feb. 16), Bloomberg reported Friday. There are “no harsher measures coming on FinTech,” […]

For many sports betting companies, the Super Bowl is, well, their Super Bowl. But daily fantasy sports contest and sports betting company DraftKings is more focused on winning the lottery, announcing Thursday (Feb. 15) that it has reached an agreement to acquire Jackpocket, a leading digital lottery app in the United States, for total consideration […]

OpenAI CEO Sam Altman is reportedly seeking approval from the U.S. government for an initiative aimed at enhancing the global manufacturing of artificial intelligence chips. The venture has the potential to raise national security and antitrust concerns in Washington, Bloomberg reported Friday (Feb. 16). Altman has been actively engaging with potential investors and partners in […]

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this plan while releasing data showing that consumers with credit cards from the 25 largest issuers faced higher interest rates, regardless of their credit risk. “With over $1 trillion in credit […]

An official with the Atlanta Federal Reserve says findings from a 2023 Federal Reserve study confirm the growing appetite for instant payments. Claire Greene, payments risk expert with the Federal Reserve Bank of Atlanta, shared her analysis of a variety of data points that were included in last year’s “Survey of Household Economics and Decision […]

Nearly five years after Click to Pay was introduced (initially as Secure Remote Commerce), Jennifer Marriner, EVP, Global Acceptance Solutions at Mastercard, told Karen Webster, “The actual use cases are much broader than we ever might have envisioned,” spanning consumer facing and B2B transactions. Online acceptance — storing payment information using tokenized, virtual cards — […]

Amazon had a lot to crow about on its most recent earnings call. It started with record revenue for Q4 and the full year of 2023.  It continued as CEO Andy Jassy ticked off the various successes AWS notched as the year closed. And among a torrent of revenue and sales statistics, one data point […]

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive revenues. Tokenization — the act of replacing sensitive data with randomly generated, encrypted surrogate values, or tokens — traces its genesis and momentum more than […]

This week in the ongoing race for customers’ loyalty and engagement between retail powerhouses Walmart and Amazon, the former may be looking to join in the streaming media space, where the latter is already well established. Walmart is said to be in discussions to purchase smart television maker Vizio for more than $2 billion. This […]

Joe Meuse, vice president of product at Spreedly, told PYMNTS that subscription-based business models face challenges and opportunities in meeting customers’ demands in the digital age. At a high level, he said, when it comes to subscription payments businesses, “you need to make sure that the payment happens seamlessly on the first try.” Signing up […]

Renewed investor enthusiasm for crypto has been good news for U.S. cryptocurrency exchange Coinbase. And while 2023 wasn’t the greatest year for crypto, it was no 2022, and Coinbase’s latest quarterly results, announced Thursday (Feb. 15), highlight that the famously volatile digital asset sector could, once again, be on the upswing.  The company’s fourth-quarter revenue beat […]

Insurance companies are crucial in helping consumers with essential needs. They may provide funds to cover significant emergencies such as major medical procedures, home repairs following a disaster or replacing a car totaled in a collision. However, the slow payment practices within the industry hinder timely access to these funds. This, in turn, forces customers […]

Earnings reports moved several components of the FinTech IPO significantly higher — and lower — and took the overall index up 4.6% through the past week.   Robinhood shares were up 19.6%. In earnings that were announced late in the week, Robinhood’s management noted during the conference call with analysts that the company has been taking […]

Toast’s latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed. As reported Thursday (Feb. 15) after the markets closed, the company said it was trimming 550 positions. CEO Aman Narang said on the call that staffing cuts came because the […]

As DoorDash looks to grow from a restaurant delivery platform to something more like a super app, the aggregator is expanding its retail offerings by orders of magnitude each year. On a call with analyst Thursday (Feb. 15) discussing the San Francisco-based delivery company’s fourth quarter and full-year 2023 financial results, CEO Tony Xu spoke to […]

Apple is reportedly working on a new artificial intelligence (AI)-powered coding tool for XCode, its flagship programming software. The company has reportedly been working on the project for the last year as part of the next major version of Xcode, Bloomberg said in a Thursday (Feb. 15) report. Apple is expanding internal tests of the features […]

RockWallet, a self-custodial, multicurrency wallet, has announced the acquisition of the customer base of Wyre, a crypto payment platform that shut down in June 2023. This development allows former Wyre clients to seamlessly use cryptocurrency on RockWallet’s platform without the need for redoing the know-your-customer (KYC) process or going through the inconvenience of onboarding again, RockWallet […]