Новости за 07.06.2024

As clothing brands and retailers continue to struggle with the costly problem of returns, many are turning to artificial intelligence to help consumers buy products they will actually want when they arrive. True Fit, a player in the realm of size and fit personalization, announced in a Wednesday (June 5) press release the introduction of […]

Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their spending habits accordingly. By the Numbers “The Nonessential Spending Deep Dive Edition” of PYMNTS Intelligence’s New Reality Check: The Paycheck-To-Paycheck Report tracked consumers’ financial lifestyles from year to year. As […]

VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford. The Federal Reserve announced its approval of the bank’s application Thursday (June 6). The other U.S. regulatory approval VersaBank needs is from the Office of the Comptroller of the Currency (OCC), and the […]

Oscar Health reportedly aims to expand its presence in the employer market by providing more affordable health plans for small- and medium-sized businesses (SMBs). Using its position in the Affordable Care Act market, Oscar Health aims to compete with larger insurers and increase transparency on pharmacy benefits, CNBC reported Friday (June 7). Oscar Health CEO […]

Increasingly, the most used wallet in a shopper’s pocket isn’t the leather one. It’s the digital wallet in their phone. That’s also the case with the money they use to pay small businesses and merchants — it is becoming more and more electronic, and less and less physical. Underscoring this trend is the fact that, […]

It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas. And in doing so, they fly under the radar, so to speak, presenting themselves as legitimate customers to banks and to businesses. All too often, […]

Victoria’s Secret is taking a more intimate approach to shopper loyalty, aiming to keep budget-conscious shoppers spending with more personalized messaging as they tighten their purse strings on luxury lingerie. In its first-quarter fiscal 2024 earnings results reported Wednesday (June 5), the lingerie, clothing and beauty retailer reported a 3% dip in net sales compared […]

The growing dependence of banks on Big Tech companies for artificial intelligence (AI) capabilities is reportedly raising concerns about new risks. This dependency of the financial industry on a limited number of tech companies is seen as one of the biggest risks for banks, European banking executives told Reuters in a report posted Friday (June […]

At the Computex 2024 tech expo in Taiwan this week, artificial intelligence (AI) was the show’s star as Silicon Valley heavyweights Intel, Nvidia, AMD and Qualcomm displayed their latest AI innovations. The event drew over 80,000 attendees, according to a Friday (June 7) news release, and underscored the industry’s race to develop specialized AI chips […]

When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized fraud. While unauthorized fraud — which involves fraudsters initiating or redirecting bogus payments from legitimate accounts — might be the type that first comes to mind when thinking of fraud, authorized fraud is nearly as pervasive. […]

Artificial intelligence agents have reportedly caught the attention of tech investors, leading to a surge in funding for startups focused on building them. The interest from tech investors highlights the potential of AI agents to transform industries and create new opportunities, CNBC reported Friday (June 7). AI agents are software programs that can perform tasks […]

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7). Ahead of the hearing, a status report filed Thursday (June 6) with the bankruptcy court in California laid out a byzantine tale of money movement. Arguably the most eye-popping detail: […]

Sainsbury’s is now offering shoppers in the United Kingdom the option of using Klarna’s buy now, pay later (BNPL) payment methods at the online checkouts of its brands Argos, Habitat and TU. With the new partnership between the two companies, shoppers will have access to Klarna’s three interest-free BNPL payments, allowing them to pay immediately […]

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday (June 5) that they partnered to bring together Clear Junction’s cross-border payments solutions and Ripple’s enterprise blockchain and crypto solutions. Forward-thinking firms are increasingly exploring the potential of blockchain solutions […]

Walmart has begun rolling out digital shelf labels (DSLs) in its stores. Following a test at the retailer’s location in Grapevine, Texas, the technology will be expanded to 2,300 stores by 2026, Walmart said in a Thursday (June 6) blog post. The DSLs, developed by VusionGroup, replace paper price tags on shelves and allow employees […]

Life as a freelancer is not for the faint of heart. Freelancing often requires constant hustling, as these workers generally look for new projects even before current projects are completed. And concerns about getting paid add to the aggravation. After all, people who work on a freelance, contract or consulting basis almost always operate in […]

Digital wallet provider Curve has appointed Nancy Yaffa as its USA CEO and Reeta K. Holmes as its new board member. These appointments come at a time when Curve, which is active in 31 markets across the United Kingdom and the European Economic Area (EEA), is looking to build its presence in the United States, […]

Meta Platforms, the parent company of Facebook, is planning to introduce free artificial intelligence (AI) chatbots on WhatsApp as part of its strategy to monetize messaging apps. This move represents CEO Mark Zuckerberg’s efforts to incorporate AI into Meta’s apps and generate revenue. Unlike its competitors, Meta is giving away its AI model and chatbot […]

Cookies might seem like the ideal business. They seem insulated from the vagaries of inflation and economic headwinds. Who doesn’t crave an indulgence here or there — a late-night snack that, delivered to one’s door, offsets the pressures of the workday? In many ways, cookies are an ideal business, one that inspires loyal customers. But […]

As Amazon and Walmart compete for retail dominance, the two industry giants are implementing generative artificial intelligence across the supply chain to cut costs and boost profits. Amazon shared in a Monday (June 3) blog post how it is using AI at select sites to reduce returns through its “Project P.I.” model, named to suggest […]

Real-time transactions continue their sweep worldwide, and payments experts note that the industry has achieved stable and sustainable growth. A newly published report revealed that more than 266 billion real-time transactions occurred worldwide in 2023. This was a year-over-year increase of 42%. Experts attribute this to the emergence of new markets and expansion of leaders […]

The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle in, essentially wrapping up a busy few weeks of quarterly reports. Huize was up 30%, continuing to ride a post earnings rally from late last month, where the company reported […]

Apple will reportedly unveil a password manager app Monday (June 10) at its Worldwide Developers Conference. Dubbed “Passwords,” the app is expected to be part of the next versions of the iPhone, iPad and Mac operating systems, Bloomberg reported Thursday (June 6), citing unnamed sources. Apple did not immediately reply to PYMNTS’ request for comment. […]

The Small Business Administration (SBA) plans to launch a working capital pilot program featuring a newly structured line of credit for small businesses that is designed to give greater flexibility than a traditional term loan. The 7(a) Working Capital Pilot (WCP) Program will launch later this year, the SBA said in a Thursday (June 6) […]

Torpago has raised $10 million in a Series B funding round to support its white-label commercial credit card and expense management platform designed for banks. The company will use the new funding to service growing demand for its solution, enhance implementation and compliance resources, and expand its product suite, Torpago said in a Thursday (June […]