Новости за 05.09.2024

As artificial intelligence (AI) promises to remake drug discovery, recent clinical trial results reveal its potential and challenges. Recursion Pharmaceuticals, a self-described “clinical stage TechBio company,” recently announced results from its Phase 2 SYCAMORE trial for REC-994, a drug candidate targeting cerebral cavernous malformation (CCM), a rare brain disorder. The trial met its primary safety […]

Paystand says it is expanding its zero-fee B2B payments network to Canada. “While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to access all the benefits of the Paystand Platform and the Zero-Fee B2B Payment network,” the company said in a news release Thursday (Sept. 5). According to […]

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. The regulator said this in a Thursday (Sept. 5) press release announcing findings from its annual report on debt collection, which it said highlights illegal practices in the collection of […]

A year after launching the first of its three business products, OpenAI has more than 1 million paying business users. The total includes users of ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu, the company said in a statement emailed to PYMNTS Thursday (Sept. 5). These products were launched in August 2023, January and May, respectively. […]

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general. However, the report revealed trends that bear watching — particularly as domestic deposits (and as part of that designation, savings accounts) declined, reversing a general growth trend. Credit card charge-offs […]

PayPal is integrating its debit card with Apple Wallet to enter the in-store payment arena. The company announced its omnichannel “PayPal Everywhere” solution Thursday (Sept. 5), and with it an expansion of its rewards program, letting users pick a monthly category of spending, such as groceries or clothing, to receive 5% cash back. “E-commerce has obviously been one of the […]

The artificial intelligence sector remains a focal point for investors and tech companies, as evidenced by three announcements this week. A startup focused on AI safety founded by a former OpenAI executive secured $1 billion in funding, while an AI productivity platform raised $50 million. A major hardware provider reported robust quarterly earnings results, citing […]

Jaggaer and Bottomline have partnered to provide companies with more payment options for B2B transactions. Bottomline’s Paymode business payment network and its Premium ACH offering, virtual card and other payment modalities will be integrated into Jaggaer’s B2B payment solution, Jaggaer Pay, the companies said in a Thursday (Sept. 5) press release. “Expanding our natively integrated […]

While no two small and medium-sized businesses (SMBs) are alike, many face similar challenges. And those challenges tend to be related to the widening gap in digital transformation when it comes to the back office and payments functions of SMBs versus their larger, enterprise peers. Still, with the news Tuesday (Sept. 3) that payment-as-a-Service provider UNIPaaS has launched […]

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to pay $155 million in damages related to loans to a company in Singapore that were never repaid, Reuters reported Thursday (Sept. 5). The ruling upheld claims by insolvency administrator Michael […]

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5). Applied Digital builds and leases out space in its data center to other companies, according […]

The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat. So said human resources (HR) and payroll solution provider ADP in the August ADP National Employment Report released Thursday (Sept. 5). “The job market’s downward drift brought us to slower-than-normal […]

Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions. Enterprises withdraw money from accounts according to set parameters. Those parameters span dates, or dollar amounts, and tend to be a “set it and forget it” type of experience. But […]

A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief information officer Diane Offereins, also claims the payments giant used her as a “scapegoat” for the company’s misclassification of credit cards as regulators examine Discover’s […]

Consumers in Brazil are embracing their digital wallets for making payments. Almost half of consumers use them for paying bills, for example. Surprisingly, it is the country’s baby boomers and seniors who are the most active digital wallet users when paying bills — and for online shopping. In fact, 31% of baby boomers in Brazil […]

In emerging markets, the digital wallet represents much more than a novel payment option. It is a digital passport to the digital world. And in that world, a card can go anywhere, but software — not so much. As digital payments grow in popularity, this lack of cross-border interoperability has attracted attention, including that of […]

Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming their latest target — with more than a third of U.S. consumers report being victims of fraud on gig platforms, a rate 10 times higher […]

Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create novel solutions and streamline processes, is reshaping how carmakers approach R&D and interact with consumers. A  PYMNTS Intelligence report, “How Generative AI Is Boosting Innovation for Carmakers and Drivers,” examines […]

When it comes to payments, no one gets a hall pass. Not even a nonprofit gets one. In fact, the world of charitable giving offers a microcosm of the challenges and opportunities for platforms seeking to bring payments fully into the digital age.  “At the end of the day,” Sara Craven, general manager of Visa’s […]

Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President of Revenue Alice Katwan writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”   As a global tax and compliance […]

Innovations wouldn’t be deemed as such if they didn’t change things in a transformative way. And the world of B2B payments — characterized by complex workflows, intricate data requirements and entrenched manual processes — is finding this out in real time, as businesses across various industries seek to modernize their financial operations to optimize efficiency […]

Artificial intelligence (AI) software company C3.AI reported better-than-expected quarterly results and highlighted surging demand for enterprise AI applications as businesses and government agencies rush to adopt the transformative technology. The Redwood City, California, company said revenue grew 21% year over year to $87.2 million in its fiscal first quarter ending July 31, beating analyst expectations. […]

Paylocity plans to create a consolidated platform for all business-related spend by acquiring Airbase. The planned acquisition will add Airbase’s finance and spend management software solution to Paylocity’s human resources (HR) and payroll software platform, Paylocity said in a Wednesday (Sept. 4) press release. Subject to customary closing conditions and regulatory approvals, the transaction is […]

As artificial intelligence (AI) increasingly blurs the line between humans and machines in online commerce, researchers have proposed a new system to authenticate real users without compromising their privacy. In a recent paper published on arXiv, researchers from OpenAI and MIT introduced the concept of “personhood credentials.” The proposed solution would allow users to verify […]

TurboTax maker Intuit has released “major” updates to its generative artificial intelligence (AI) operating system, GenOS. The system now includes GenOS AI Workbench, a “dedicated development environment for end-to-end application development,” along with enhancements to GenStudio, GenRuntime, and GenUX components, the company said Wednesday (Sept. 4). “Intuit’s proprietary GenOS is the key to unlocking new […]