Новости за 10.09.2024

The only question surrounding rate cuts from the Federal Reserve boils down to not “when?” but … “how much?” The central bank seems all but certain to tamp down interest rates, cutting the Fed Funds rate for the first time in almost exactly four years. The Fed Funds rate is the benchmark for all sorts […]

Cloud-based automation software platform Esker released a tool to streamline order processing. Synergy Transformer provides the service by optimizing data extraction, according to a Tuesday (Sept. 10) press release. “The model harnesses advanced Transformer technology, while training data is specifically tailored to the nuances of order language, ensuring precise and efficient data extraction,” the release […]

American household incomes increased 4% last year, the first significant increase since before the pandemic, according to the Census Bureau. The data showed that real median household income was $80,610 in 2023, compared to $77,540 in 2022, the bureau said in a Tuesday (Sept. 10) press release. “This is the first statistically significant annual increase […]

Credo AI has debuted its generative artificial intelligence (AI) vendor registry, letting firms more easily greenlight AI vendors. The company, which provides AI governance software, announced the registry Tuesday (Sept. 10), noting that it comes with pre-populated data for leading AI vendors and developers, such as OpenAI, Microsoft, IBM, GitHub, Salesforce, Meta and Anthropic. This […]

As Burlington Stores CEO Michael O’Sullivan discussed the company’s strong fiscal results during its second-quarter earnings call (Aug. 29), he offered his thoughts related to strategic changes and their positive impact. “Over the past 18 months the external environment has become more favorable,” O’Sullivan said. “Two years ago, our core low-income customer was under severe […]

OpenAI reportedly plans to release its new artificial intelligence model, Strawberry, in the next two weeks. The new model can solve math problems it has never encountered before and “thinks” about a question before answering, Seeking Alpha reported Tuesday (Sept. 10), citing a paywalled article by The Information. It was reported Aug. 27 that Strawberry […]

First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to receive secure, instant payments in their savings and checking accounts, the bank announced Tuesday (Sept. 10). “In today’s fast-paced financial environment, customers need and appreciate the ability to receive money instantly […]

Glean has raised $260 million in a Series E funding round to accelerate its artificial intelligence (AI) innovation, customer acquisition and global expansion of its Work AI platform for enterprises. This round doubled the company’s valuation to $4.6 billion, up from the $2.2 billion valuation it achieved in a February funding round, Glean said in […]

Artificial intelligence is reshaping the travel industry, with Greece introducing an AI-powered travel assistant named Pythia and Google showcasing its Gemini AI system at an industry event in Malaysia. The global travel agency market is projected to grow by $156.7 billion by 2028, per Technavio. Driving this growth are AI innovations that promise to deliver […]

Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business, there often tend to be deeper issues across internal controls, financial reporting, governance or compliance — issues that can ultimately pose risks to the financial health, reputation and operational viability […]

Global payment network UATP and buy now, pay later (BNPL) provider Klarna have partnered to allow airlines to offer Klarna’s flexible payment options. With this collaboration, airline customers can select Klarna’s immediate payments; short-term, interest-free BNPL; or longer-term financing for travel products and services, the companies said in a Tuesday (Sept. 10) press release. The […]

Amazon introduced grocery discounts for Prime members at Amazon Fresh and a new private-label brand called Amazon Saver. “We’re always looking to make grocery shopping easier, faster and more affordable for our customers,” Claire Peters, worldwide vice president of Amazon Fresh, the company’s grocery arm, said in a news release Tuesday (Sept. 10). The new […]

A European court has ruled against both Apple and Google in separate cases. The European Union Court of Justice has upheld a 2016 decision by the European Commission that Ireland gave Apple unfair aid in a $14 billion tax case, while also siding with the EC in its antitrust case against Google Shopping, the commission said Tuesday (Sept. 10). Both judgments […]

Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a public health measure in mid-2020 has evolved into a transformative force in the payments industry, impacting cards, digital wallets and other tap-to-pay technologies. As consumers and businesses alike embrace the […]

As digital experiences evolve, traditional loyalty programs face significant headwinds. The very concept of loyalty is shifting from simple rewards-based transactions to deeper, personalized relationships. Enter blockchain: a sophisticated, decentralized technology that enables secure digital transactions. Its applications extend far beyond digital assets, presenting brands with an opportunity to reimagine their entire loyalty frameworks. By […]

As Ben Franklin once said, nothing in life is certain except for death and taxes. And add to that a new pressing issue for businesses: the increasing prevalence of tax scams, particularly those involving fraudulent claims for tax credits. As a recent alert issued by the U.S. Internal Revenue Service (IRS) highlights, these scams have […]

Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use outdated cash management practices, which leads to mounting pressures from delayed payments and inefficient processes. The PYMNTS Intelligence report “From Cash Flow Pain to Working Capital Gain: Automated AR/AP Solutions […]

While regulatory changes can present challenges, they can also create opportunities, NCR Voyix Chief Product Officer, Digital Banking Doug Brown writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”   In the first half of 2024, we’ve seen a lot of changes in the financial […]

Instacart is ramping up its efforts to capture and keep customers as it aims to cement its status in the online grocery sector. The company is concentrating on two primary objectives: bringing in new users, elevating engagement with its current clientele, and creating “habituated customers.” During the company’s second-quarter earnings call, CEO Fidji Simo noted […]

Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and where and how they’re spending against this backdrop. Connecting the dots between the two separate reports — the Federal Reserve Bank of New York’s reading on inflation expectations from the […]

A new report published Monday (Sept. 9), which was spearheaded by former European Central Bank President Mario Draghi, paints a stark picture of the European Union’s declining competitiveness and calls for urgent action to close a widening innovation gap with global rivals. The study, titled “The Future of European Competitiveness,” warned that the EU is […]

BILL has named former Visa executive Mary Kay Bowman as its executive vice president, general manager of payments and financial services. Bowman will oversee the payments and financial services business of the financial operations platform for small- to medium-sized businesses (SMBs) and will report directly to BILL CEO and Founder René Lacerte, the company said in a […]

The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in part to the use of crypto in investment scams that see victims accumulating “massive debt” to cover their losses, the Federal Bureau of Investigation (FBI) said in its Cryptocurrency Fraud Report 2023 released […]

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid a challenging market. They note this bankruptcy filing not only signals deep-rooted issues in Big Lots’ business model, but also underscores the economic pressures confronting it. In an interview with […]

Atomico raised $1.24 billion for two funds to invest in European technology companies. The company’s new $754 million Atomico Growth VI partners with entrepreneurs from Series B to pre-initial public offering (IPO), while its new $485 million Atomico Venture VI focuses on founders at Series A or, occasionally, seed opportunities, Atomico said in a Monday […]