Новости за 17.05.2024

The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly residing outside of major urban areas, and this trend away from cities is decelerating retail’s digital shift. PYMNTS’ Q1 eBook, “The Implications of Uncertainty,” collects insights from 18 payments industry executives to understand how data can help firms navigate unpredictable times. Alex […]

The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to $50 billion. The Bank Resilience and Regulatory Improvement Act (H.R. 8337) will now move to the full House for consideration, the HFSC said in a Thursday press release. The bill would raise the […]

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to control how they manage their spending. In an interview with PYMNTS, Neel Mehta, head of product for the company, which provides RV camping memberships, spoke to how the brand leverages its […]

Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the challenge of the evolving regulatory landscape around account closures and fund disbursements, according to a Thursday (May 16) press release. “Our strategic partnership is a crucial step to help financial institutions navigate […]

The Web3 space has its sights set on transforming payments and commerce via blockchain technologies. And with the news Wednesday (May 15) that Safe has announced the integration of native swaps directly within its Web3 SafeWallet platform, bringing the benefits of embedded decentralized finance (DeFi) — such as transparency, lower costs and accessibility — into […]

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns interest on every dollar deposited into the account, the bank said in a Thursday (May 16) press release. “Every organization has complex needs, and the HSBC Hybrid Checking Account provides an […]

For most women, a complex cluster of building blocks — their life stage, household responsibilities, financial circumstances, age and dependents, among others — shape how they prioritize their own healthcare needs, a PYMNTS Intelligence study finds. And data in the “2024 Women’s Wellness Index,” a collaboration with CareCredit that drew on surveys of more than 10,000 […]

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. The company will use the new financing to further develop its high-performance compute fleet to execute contracts with enterprise and AI customers, according to a Friday (May 17) press release. The co-lead investors in this debt financing round are Blackstone and Magnetar, according to the release. “CoreWeave is building […]

This week in artificial intelligence, airlines are diving into AI this summer to enhance booking systems and boost profits, with Israeli startup Fetcherr leading the way in dynamic pricing. Meanwhile, Google’s AI-powered search summaries aim to transform online information access, sparking publishers’ concerns over traffic and ad revenue losses. AI Gets Wings With Airline Pricing […]

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that Microsoft Corporation’s partnership with Mistral AI does not qualify for investigation under the merger provisions of the Enterprise Act 2022,” the regulator said in a Friday (May 17) update. The […]

Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve said in a recent blog post that in some cases, “banking deserts” have emerged, impacting 12 million individuals in the U.S. The Fed has drawn up a “map” that denotes […]

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money, Simon said that when the economic situation picks back up, affluent shoppers will go back to retailers that provide a premium experience, CNBC reported Thursday. Currently, Simon said, factors like food inflation […]

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to transform the cross-border space, regulators are increasingly cracking down on businesses in the payment chain to ensure that new technologies don’t drive an increase in financial crime. That puts the onus on […]

As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform. On Wednesday (May 17) the mobility and delivery company announced a range of new features at its GO-GET 2024 event, including its Uber Eats Lists feature, which enables users […]

Banco Santander and Iberpay have processed the first international instant transfers based on the European Payments Council’s One-Leg Out Instant Credit Transfer (OCT Inst) scheme. These transfers were initiated and completed in different currency areas Tuesday (May 14), the companies said in a Thursday (May 16) press release. The OCT Inst scheme allows payment service providers in the Single Euro Payments Area (SEPA) to […]

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income customers in the process. Amazon, for its part, announced Wednesday (May 15) the introduction of Amazon Access, a platform aimed at providing easier and more […]

As travelers pack their bags for summer getaways, airlines are deploying artificial intelligence (AI) to squeeze every last dollar from their booking systems. Fetcherr, an Israeli startup, is helping carriers navigate the complex dynamic pricing world with its AI-powered platform. The company’s AI technology uses reinforcement learning models to simulate pricing scenarios and determine the most profitable strategies […]

Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings reports, the FinTech IPO Index was 1.7% higher this week. […]

Bitcoin payment processor IBEX Pay will suspend all its services in the United States, effective May 31. The company announced the move in a Wednesday (May 15) post on X (formerly Twitter). “Any outstanding balance will be transferred to our clients’ Swan accounts or Bitcoin addresses,” IBEX Pay said in the post. “We urge our clients to provide […]

OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That’s one component of a new partnership formed by the AI company and the social media platform, Reddit said in a Thursday (May 16) blog post. In this collaboration, OpenAI will bring Reddit content to ChatGPT and new products by accessing Reddit’s Data API, which provides real-time, […]

California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. Avidbank transitioned from its previous program to CorServ’s Account Issuer program, the companies said in a Tuesday (May 14) press release. The new program provides Avidbank’s commercial customers with better choices of credit card products, self-service interfaces for managing their cards, […]

The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024 National Strategy for Combating Terrorist and Other Illicit Financing.” One […]

Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive” to buy a meal at a quick-service restaurant (QSR) than it is to purchase the ingredients needed to make a meal at home. “And that’s […]

Artificial intelligence (AI) startup Perplexity has added three new advisers. They include Emil Michael, former chief business officer at Uber; Rich Miner, co-founder of Android and adviser to Google; and Mikhail Parakhin, former CEO of Bing, according to a Thursday (May 16) post on LinkedIn by Perplexity Co-founder and CEO Aravind Srinivas. The three new advisers will help the AI […]

The B2B landscape is built atop a foundation of innovation designed to meet business needs. And with the news that U.S. corporate bankruptcies have reached their highest level since April 2023, there are a lot of business needs out there in the marketplace to inspire innovation. Particularly as commercial customer expectations evolve in the digital age, […]