Новости за 28.02.2024

Coverdash has raised $13.5 million in Series A funding to expand its embedded insurance offering. The company will use the new funding to expand its embedded partner network, grow its internal team and broaden its insurance carrier panel, Coverdash said in a Wednesday (Feb. 28) press release. “Coverdash goes beyond coverage — we offer startups […]

As grocery slowly catches up to other retail categories in digital adoption, Thrive Market is seeing mobile gain share. In an interview with PYMNTS following the online grocer’s recent launch of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) acceptance, Thrive Market Co-founder and Chief Technology Officer Sasha Siddhartha spoke to how online grocery […]

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12 points year over year, the company said in a Tuesday (Feb. 27) letter to shareholders announcing quarterly earnings results. “Our improving loss ratio, and our growing powers of prognostication, owe […]

Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test dynamic pricing — or surge pricing, the practice of hiking prices when demand is at its highest level — a social media backlash ensued. Now, Wendy’s is saying that its earlier […]

Korean eCommerce giant Coupang announced fourth-quarter earnings on Tuesday (Feb. 27), reporting a year of accelerated growth, record profits and a strong cash balance of over $5.5 billion dollars. “We believe that creating moments of ‘Wow’ for customers across selection, price and service form the foundation for long term growth, profitability and ultimately free cash flow, […]

UnitedHealth Group, owner of the biggest U.S. health insurer, is reportedly facing an antitrust investigation by the Justice Department. This probe is focusing on UnitedHealth’s various sectors, including its UnitedHealthcare insurance unit and its Optum health services arm, which owns physician groups and other assets, The Wall Street Journal (WSJ) reported Tuesday (Feb. 27). The investigators have […]

Gone are the days of static office cubicles and inflexible organizational structures. Today, traditional notions of space and operations are giving way to dynamic, interconnected hubs promising enhanced communication and seamless interactions for remote and hybrid workers. This transformation, powered by the integration of technology and connected devices, is enabling employees to communicate and collaborate seamlessly, […]

Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday (Feb. 27) at a Keefe, Bruyette & Woods conference, according to a Bloomberg report. “Whatever people think it is, we’ll take the over.” Capital One announced Feb. 19 that it aims to acquire Discover in […]

Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. With policymakers from the Group of 20 nations meeting in Sao Paulo to discuss faster and cheaper cross-border payments, the Central Bank of Brazil considers Pix to be a possible solution, Bloomberg reported Tuesday (Feb. 27). Pix has quickly become a […]

As eCommerce merchants explore ways for artificial intelligence (AI) to drive conversion and efficiency, eBay is looking to the technology to boost high-ticket auto parts sales and to grow its reach in social commerce.  The marketplace shared in its fourth quarter and full year 2023 results, reported Tuesday (Feb. 27), that its global rollout of eBay […]

New advances in artificial intelligence (AI) are allowing companies to develop robots with better features and more effective human interaction capabilities. Figure AI has reportedly raised $675 million to develop AI-powered humanoid robots. Among the investors are Jeff Bezos’ Explore Investments, alongside technology firms such as Microsoft, Amazon, Nvidia, OpenAI and Intel. The investment reflects growing […]

Klarna, the Swedish FinTech company once crowned as Europe’s most valuable startup, is reportedly in discussions with banks for a potential U.S. initial public offering (IPO) valued at $20 billion. The company, known for its buy now, pay later (BNPL) services, is considering listing as early as the third quarter of this year, Bloomberg reported Tuesday (Feb. […]

Day Two at Mobile World Congress in Barcelona, Spain, saw more evidence that artificial intelligence (AI) is moving from the lab to the connected economy. Specifically, the event highlighted on Tuesday (Feb. 27) a range of new AI solutions, merging software and hardware to extend the use of chatbots like OpenAI’s ChatGPT across various sectors.  For example, […]

In an effort to counter false declines and prevent unnecessary losses, PYMNTS Intelligence research finds, the vast majority of merchants are encouraging consumers to reattempt the transaction using the same payment method. By the Numbers The report “The Role of Fraud Screening in Minimizing Failed Payments,” a PYMNTS Intelligence and Nuvei collaboration, draws on insights from an August survey of […]

Retail brand management company Trax has debuted its signal-based merchandising (SBM) solution. The new tool lets brands gain visibility down to the individual product level, the company said in a Tuesday (Feb. 27) news release, engaging shoppers in-store to gather data points so brands can “make quick and cost-effective decisions about their store-level execution.” “The […]

The lead counsel for The New York Times said Tuesday (Feb. 27) that OpenAI’s claims that the publisher “hacked” its artificial intelligence (AI) systems to produce misleading results “bizarrely mischaracterizes” the situation. In an email to PYMNTS responding to a Reuters report, Ian Crosby, partner at Susman Godfrey and lead counsel for The New York […]

Swiss financial institution Klarpay has debuted a financial solution for entrepreneurs. The company’s Entrepreneur Accounts are designed for business founders, ultimate beneficial owners and senior managers who are already Klarpay customers, the firm announced in a Tuesday (Feb. 27) news release. “Klarpay’s Entrepreneur Accounts provide a comprehensive array of exclusive benefits designed to help entrepreneurs […]

Israeli identity verification firm AU10TIX has launched a know-your-business (KYB) solution. “Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the identities of their partners and vendors,” the company said in a Tuesday (Feb. 27) news release. “Companies must also ensure that they are not working with unscrupulous businesses involved in […]

Account-to-account (A2A) payment solution Dwolla now offers open banking services. The new integration, announced Tuesday (Feb. 27), adds services like instant account verification, balance checks and fraud mitigation to the company’s offering, letting mid- to enterprise-sized businesses offer fast and secure A2A payments through Dwolla’s API. “Traditionally, navigating the complexities of A2A payments has been […]

With pet parents proving to be a digitally engaged group, often willing to splurge, DoorDash is seizing on the on-demand delivery opportunity to expand consumers’ adoption of its retail offerings. The nation’s leading aggregator announced Tuesday (Feb. 27) a same-day delivery partnership with Pet Supplies Plus, the United States’ largest independent pet retailer, to deliver […]

The Financial Services Innovation Act will again be considered by the U.S. House of Representatives. Rep. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee (HFSC), reintroduced the legislation Tuesday (Feb. 27), according to an HFSC press release. The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and […]