Новости за 20.05.2024

The world of regular payments frequently leads the business-to-business (B2B) payments landscape in leveraging innovation.  That’s why, with the news last week (May 15) that Visa is launching a suite of disruptive new products and services built for the entire payments ecosystem, forward-thinking enterprises are already starting to wonder what the advances could mean — both right now […]

At JPMorgan Chase, getting trained in artificial intelligence is now part of being hired. The banking giant is having all new hires undergo artificial intelligence (AI) training, Mary Erdoes, who runs the firm’s asset- and wealth-management unit, said Monday (May 20). “This year, everyone coming in here will have prompt engineering training to get them ready for the AI […]

Macy’s, Kohl’s, Nordstrom and other department stores are reportedly facing a pressing challenge in attracting younger customers. The rise of social media, specialty retailers, big-box stores and online platforms has led younger consumers like millennials and Generation Z to explore alternatives to traditional department stores, CNBC reported Monday (May 20). To address the issue, these retailers have announced plans […]

DoorDash says it is expanding its 3-year-old partnership with Ulta Beauty. The company announced in a news release provided to PYMNTS Monday (May 20) that it was now offering on-demand and same-day delivery of beauty products from more than 1,350 locations across all 50 states. The partnership marks Ulta’s introduction to consumers shopping on the DoorDash marketplace […]

The Consumer Financial Protection Bureau ordered Western Benefits Group to permanently cease operations and to pay a $400,000 penalty. The agency’s order also rescinds all the company’s existing agreements with consumers, the CFPB said in a Monday (May 20) press release. The CFPB said in the release that it took these actions after finding that Western Benefits, a debt relief provider headquartered in […]

Teal raised $8 million in seed funding to build its accounting infrastructure for vertical software-as-a-service (SaaS) businesses. The company’s APIs and tools allow these businesses to build their own accounting suites to offer to their small- to medium-sized business (SMB) customers, Teal said in a Monday (May 20) press release. “Having led Bench Accounting, the largest bookkeeping service […]

Digital commerce solutions company NCR Voyix has debuted a pay-at-table solution in collaboration with sunday. Aloha Pay-At-Table lets diners scan a tabletop QR code, see their bill, split costs and leave a time while paying in under 10 seconds, according to a Monday (May 20) press release. This means guests spend less time waiting for a check, and […]

As shoppers turn to eCommerce channels for convenience, many are still willing to go to brick-and-mortar malls for unique, site-specific experiences. Seizing on this demand, Mall of America, the largest shopping center in North America, announced Friday (May 17) that it will soon open an on-site game-show-style amusement center, Great Big Game Show, where consumers play the sorts […]

Zelis has launched a platform designed to handle both healthcare payments and communications. The new Zelis Advanced Payments Platform (ZAPP) helps payers process high volumes of claims payments and communications, while also simplifying payment experiences for both providers and members, the provider of healthcare technology solutions said in a Monday (May 20) press release. “We’ve created an innovative platform […]

Picture this: Your bank denies a loan, but the reasoning behind the decision is a mystery. The culprit? A complex artificial intelligence system that even the bank struggles to understand. This is just one example of a black-box problem that has plagued the world of AI. As the technology weaves itself into the fabric of […]

Artificial intelligence (AI) firms have reportedly begun offering “AI-in-a-box” tools for companies to run in-house. It’s a trend that presents a threat to the AI cloud computing business of Chinese tech giants like Alibaba, Tencent and Baidu, the Financial Times (FT) reported Saturday (May 18). According to the report, among the firms in question is Huawei, which has gotten more than […]

Kyndryl has teamed up with Nvidia to provide both technology and services to businesses that are looking to implement generative artificial intelligence (GenAI) solutions. The company will use the Nvidia NeMo platform and Nvidia NIMinference microservices to address use cases like customer support, IT operations automation, fraud and loss prevention and real-time analytics, the companies said in a Monday (May 20) press […]

Touchless self-checkout company Mashgin has launched a partnership with payments solution provider Verifone. The two companies’ integration, announced Monday (May 20), will let Mashgin deploy its computer vision self-checkout system via Verifone’s Commander solution, found at 40% of convenience stores in the country. According to a news release, the integration lets retailers offer faster checkouts while running payments, fueling […]

As the Consumer Financial Protection Bureau got an effective “green light” from the Supreme Court to keep operating, and as several bills have made their way out of committee in the U.S. House of Representatives, it’s gearing up to be a long summer of heated debate on financial services regulation. Late last week, the House Financial Services Committee advanced 11 pieces of legislation that […]

A British treasury official has reportedly criticized proposed fraud reimbursement measures for banks and FinTechs. The plan would require those companies to repay fraud victims as much as 415,000 pounds ($520,760). However, Bim Afolami, City minister for London and economic secretary to the Treasury, told the Financial Times Monday (May 20) that there were “significant problems” […]

Target is reducing prices on essentials like milk and produce amid continued consumer caution. The retailer plans to lower prices on roughly 5,000 “frequently shopped items,” including milk, meat, bread, produce, peanut butter, coffee, diapers, paper towels and pet food, according to a Monday (May 20) press release. “We know consumers are feeling pressured to make […]

A federal judge is questioning Apple’s 27% fee on in-app purchases via outside payment platforms. U.S. District Judge Yvonne Gonzalez Rogers has been hearing evidence concerning the tech giant’s compliance with an order she handed down in 2021. That ruling requires Apple to allow developers to link to less-costly outside payment options. According to a […]

Across Mexico, more consumers are turning to digital shopping features that offer savings and improve convenience while shopping in the store. Consumers enjoy walking into brick-and-mortar locations, but they also want the ease of using digital shopping features. Enter Click-and-Mortar™ shopping. PYMNTS Intelligence finds that when merchants in Mexico offer Click-and-Mortar™ features, customers are happier […]

Change is inevitable, and businesses that initiate change have the best opportunity to manage it. That’s why embracing payments modernization is so important for organizations, particularly with the future of payments looking increasingly digital, immediate and secure — no matter where you’re sitting. “One of the most exciting things about the payments industry is the pace of […]

The Consumer Financial Protection Bureau (CFPB) has been validated in the aftermath of last week’s U.S. Supreme Court rejection of a challenge to its congressional funding structure. But the ongoing debate over financial regulation and consumer protection will go on and the financial services industry and policymakers will continue to grapple with the implications of […]

The CE 100 Index gathered 1.6% in a week that saw nine of the 10 pillars gain ground. The lone pillar to decline was the Move segment, which gave up 0.9%. As has been seen with past weeks, earnings reports were dominant in the headlines.                                                                                                 In the Pay and Be Paid segment of the […]

The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Evan Spiegel said in an interview with Bloomberg News published Sunday (May 19). […]

Business schools are adding AI-related curricula as interest in the technology continues to grow. That’s according to a Sunday report by the Financial Times (FT), citing a 40-country survey by education consultant CarringtonCrisp, showing that almost half of respondents anticipate learning about artificial intelligence (AI) in the next five years. With the launch of tools like OpenAI’s […]

The tougher capital requirements the government had planned for banks may not be as tough. That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more capital appear to have paid off. Sources tell WSJ that […]

The U.K. is reportedly working toward greater transparency into how tech firms train artificial intelligence (AI) models. These efforts, the Financial Times (FT) reported Sunday (May 19), come as creators are voicing concerns that their work is being copied and used without their consent by AI projects. British culture secretary Lucy Frazer told the FT […]