Новости за 21.08.2024

Human capital management software company Paychex has debuted an employee benefits marketplace. Paychex Flex Perks, announced Wednesday (Aug. 21), offers products including early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex clients. The marketplace is integrated directly into Paychex Flex, the company’s cloud-based software-as-a-service (SaaS) solution, letting […]

There are two dueling trends defining 21st century payments: digitization and cybercrime. And while the two trends are unrelated — particularly given that paper-based payments are more of a fraud risk than their digital counterparts — a new research paper published last week (Aug. 14) finds that, across the digital wallet landscape, the two trends […]

Australian streaming service Stan has chosen financial infrastructure platform Stripe to power its online payments and subscription billing. Stan has partnered with Stripe to help the streaming service increase authorization rates and reduce involuntary churn, according to a Wednesday (Aug. 21) press release. “We are continuing to build outstanding user experiences our customers value,” Stan […]

U.S. Bank expanded its partnership with broker-dealer and financial advisor Edward Jones. The collaboration will allow the firm’s advisors to offer clients deposit and credit card products from the bank starting in late 2025, according to a Wednesday (Aug. 21) press release. “U.S. Bank and Edward Jones share a mission to improve the financial lives […]

Firms’ year-ahead inflation expectations remained “relatively unchanged” in August, staying just above where they were before the pandemic, the Federal Reserve Bank of Atlanta said Wednesday (Aug. 21). On average, firms expect inflation of 2.2%, according to the Atlanta Fed’s Wednesday press release about its Business Inflation Expectations (BIE) Survey for August. That figure is down slightly […]

Cumula 3 and Paystand have partnered to offer NetSuite users a way to leverage simplified transactions, zero transaction fees and improved cash flow management. In this new partnership, Paystand’s B2B payment platform will be integrated into Cumula 3’s portfolio of cloud-based solutions for NetSuite, the companies said in a Wednesday (Aug. 21) press release. “We […]

After a landmark antitrust ruling against Google, online publications face a pivotal decision: whether to allow the tech giant to use their content for AI-generated search answers. The court’s decision thrust publishers into this choice, which could reshape the digital content landscape and the economics of online publishing. The recent federal court decision, which found […]

In today’s business environment, taking a hands-on approach can sometimes be a bad thing. Literally. While key corporate functions such as finance, treasury, accounts payable (AP) and accounts receivable (AR) have traditionally relied on manual processes — which often involve time-consuming data collection, analysis and reporting — ongoing advances in digitization and automation are increasingly […]

Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based in Los Angeles, B. Riley bills itself as the leading firm when it comes to so-called “baby bonds,” or fixed-income securities handed out in denominations […]

A streamlined checkout experience and the deployment of generative artificial intelligence-powered handheld devices for employees have improved the in-store experience at Target, the retailer said Wednesday (Aug. 21). Target saw improvement in the in-store checkout experience during the second quarter after streamlining self-checkout and ensuring adequate staffing in full-service lanes, Target Chief Operating Officer and […]

Video commerce platform TalkShopLive has launched a partnership with NBCUniversal. The collaboration, set to kick off Thursday (Aug. 22), involves the two companies creating and streaming shoppable livestreams featuring entertainers such as Paris Hilton, who will host this week’s debut event. “NBCUniversal is one of the most powerful brands in entertainment,” TalkShopLive Co-founder and CEO […]

Macy’s officials are confident in their “A Bold New Chapter” strategy, highlighted by the company’s First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy’s Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid a challenging retail environment. “We’re excited about the First 50,” […]

As businesses embrace generative artificial intelligence (AI), regulators and industry groups are scrambling to keep pace, calling for balanced oversight that fosters innovation while managing risks. From financial services to aviation, experts argue that existing regulatory powers could be leveraged to govern AI applications, potentially sidestepping the need for sweeping new legislation in the short […]

The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was in the red, and gave a cumulative cost breakdown of […]

The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process instant payments as of Tuesday (Aug. 20), the Swiss National Bank said in a Wednesday (Aug. 21) press release. The new instant payments service will be expanded to all financial institutions […]

Blockchain startup Story raised $80 million in a Series B funding round. The San Francisco-based firm announced the financing Wednesday (Aug. 21) on social platform X, saying it would use the money to help it build a blockchain designed to prevent artificial intelligence companies from unwarranted use of creators’ intellectual property (IP), which Story referred […]

Every innovation needs a supporting infrastructure network to scale. And, with the news that Apple will allow third-party developers to access its near-field communication (NFC) chip this autumn with the release of iOS 18.1, crypto and blockchain enthusiasts are increasingly of the hope that crypto payments are coming closer to finding that much-needed infrastructure. Apple’s move, […]

Fraud prevention firm Mitek expanded a partnership with payments processor Alogent. The collaboration will see Alogent integrate Mitek’s Check Fraud Defender (CFD) into its Unify deposits automation solution to prevent the rising threat of check fraud, according to a Wednesday (Aug. 21) press release. “According to the annual Federal Reserve Financial Services Survey, in the […]

Banks, FinTechs and payments companies in the United Kingdom are reportedly struggling with the country’s new fraud rules. The entities have until Oct. 7 to comply with new regulations requiring them to reimburse victims of payments fraud, Bloomberg reported (Aug. 21). However, many companies aren’t ready for an important system undergirding the settlement infrastructure. Some […]

Walmart has sold its entire stake in Chinese eCommerce giant JD.com. The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus on China’s retail sector. Walmart had owned a nearly 10% stake in the company as of late last year, according to JD.com’s 2023 annual report. The mammoth retailer first purchased shares in JD […]

As payment fraud continues to become more sophisticated, many payments companies advocate for a return to fundamental security practices while using new technologies to protect their clients. For example, Mike Rivers, chief technology officer at open payments platform Spreedly, emphasized the importance of a multilayered approach to security and the benefits of an open payments […]

In a business landscape where the only certainty is uncertainty, the power of preparation, adaptability and a strong, resilient culture are increasingly important. The digital threat landscape has transformed dramatically over the past decade — and from cyberattacks to geopolitical unrest and ongoing trade disruptions, the ability to swiftly identify and mitigate potential risks is […]

Embedded lending is growing in popularity around the globe. It offers users convenient, streamlined access to financing without having to leave the platforms of merchants, businesses and other entities. This type of modern lending could be especially useful to microbusinesses and small businesses (MSBs) wanting to align their cash flow and expenses. In Japan, however, […]

A recent PYMNTS Intelligence report, “BNPL Fuels Essential Spending Surge on Amazon Prime Day, Walmart+ Week,” compares data from this year’s Amazon Prime Day and Walmart+ Week special sales events. PYMNTS Intelligence has tracked evolving consumer behaviors during these major sales, shedding light on key insights for executives, merchants and consumers alike. Sales Events: A […]

India’s Airtel Payments Bank reportedly added a biometric verification solution called Face Match to enhance the security of customer accounts. This solution uses facial recognition and liveliness checks to verify account users in cases in which the bank’s machine learning (ML) algorithms have detected potentially fraudulent transactions, CXO Today reported Tuesday (Aug. 20). Airtel did […]