Новости за 24.09.2024

For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading by The Conference Board, the consumer confidence index dropped to a reading of 98.7 this month, down from 105.6 last month. The Board noted that this was the largest decline […]

Dwelly, a United Kingdom-based artificial intelligence (AI)-enabled startup that offers a rentals and property management marketplace, added 1,000 properties to its portfolio with its acquisition of Lime Property, an estate agency in Hull. “By merging Lime Property’s deep local expertise with our technology-driven approach, we’re poised to streamline their operations and empower the teams with […]

MoneyGram said Tuesday (Sept. 24) that it is working “around the clock” to bring its systems back online and resume normal business operations after finding a “cybersecurity issue.” “We continue to make progress in successfully restoring some of our key transactional systems,” the money transfer company said in a Tuesday post on social platform X. […]

B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with plans for the combined company to go public in India after the deal closes. PayMate says its platform simplifies and digitizes B2B payment processes, optimizing working capital, and ensuring timely […]

Torq has raised $70 million in a Series C funding round to expand its artificial intelligence (AI)-first cybersecurity hyperautomation solutions. The company will use the new funding to add generative AI enhancements, hire additional talent and accelerate its expansion across the Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions, Torq said in a […]

Google’s latest artificial intelligence models could accelerate AI adoption in eCommerce and retail, developers say, as the tech giant unveils upgrades designed to attract more businesses to its Gemini platform. The company announced two updated production-ready models in a Tuesday (Sept. 24) blog post, Gemini-1.5-Pro-002 and Gemini-1.5-Flash-002, which offer enhanced capabilities across a range of […]

Nuvei has unveiled several new features and enhancements for its Nuvei for Platforms product. “Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, the gig economy, payment facilitators, and independent software vendors (ISVs),” the Canadian FinTech said in a news release Tuesday (Sept. 24). “Through a single integration, […]

In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing interests in the realm of digital regulation. While he vetoed a privacy bill aimed at empowering consumers, he approved legislation designed to curb social media addiction among minors. These actions […]

Finance and accounting automation platform LiveFlow raised $13.5 million. The Series A round will help the company fund the launch of LiveFlow Next, a new line of reporting and analysis products, as it expands its go-to-market team and invests in research and development, according to a Tuesday (Sept. 24) press release. “The new product suite […]

Digital origination/decisioning company Amount has debuted a small-business-focused lending suite for banks and credit unions. The new SMB (small- to medium-sized business) Suite, announced Tuesday (Sept. 24), is designed to support secured and unsecured lending, while streamlining deposit account origination, among other benefits. “The financial services industry has long struggled with a range of issues […]

Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. The lawmakers want to assess whether the SEC “undermined banking regulators” by issuing SAB 121, which “upends bank custody rules for digital assets,” according to a […]

The travel sector is experiencing a shift as artificial intelligence redefines everything from global booking platforms to local tourism initiatives. Google and Sabre’s AI innovations offer personalized experiences and increased revenue, while destinations like Richmond, British Columbia, deploy AI assistants to enhance visitor engagement, reflecting a broader trend reshaping how we plan and experience travel. […]

Volkswagen of America partnered with Google Cloud to integrate a generative artificial intelligence (AI)-powered virtual assistant into its myVW mobile app for vehicle owners. The myVW Virtual Assistant is now available to owners of model year 2024 Atlas and Atlas Cross Sport vehicles and will be expanded to most model year 2020 and new Volkswagen […]

TikTok says its streaming music service won’t be around for much longer. “We are sorry to inform you that TikTok Music will be closing on 28 November 2024,” the video sharing media platform said in a post on its website. “We would like to thank you for all of your support, and we hope you […]

Online marketplaces are all about innovation. And in the B2B procurement space, that innovation is increasingly starting and ending with better and more seamless payments. After all, there’s an old saying about business-to-business payments: as long as it works, people don’t want to see any changes, and as a result, B2B payments have long been […]

Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. The industry is off its peaks for those fees, as 2019 saw overdrafts/non-sufficient fee revenues near $12 billion, as estimated earlier this year by the Consumer Financial Protection Bureau. “Evidence continues to […]

By the time the day is over, Caroline Ellison will know her fate. The former cryptocurrency executive is due to be sentenced Tuesday (Sept. 24) afternoon for her role in the $8 billion collapse of the FTX crypto exchange. Ellison, who had headed sister company Alameda Research, has pleaded guilty to fraud and conspiracy, and testified against FTX founder Sam […]

British banking giant HSBC wants the tech industry’s help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next month will not prevent fraud, The Guardian reported Sunday (Sept. 22). David Callington, the head of fraud at HSBC UK, said while the new rules will lead banks and payment […]

Visa has unveiled new features and programs designed to help merchants manage the disputes process. These new offerings will enable merchants to streamline the process and retain or recover legitimate sales, Visa said in a Tuesday (Sept. 24) press release emailed to PYMNTS. “Visa’s innovative new features will help resolve disputes even faster, alleviating the […]

Google’s artificial intelligence (AI) model Gemini is being put to work by companies in a variety of ways, delivering answers, recommendations and new capabilities to both customers and employees. More than 2 million developers are building with Google’s generative AI solutions, the company said in a Tuesday (Sept. 24) media kit shared with PYMNTS. “We’re […]

“This is where the battle’s going to be won,” Mike Micucci, CEO at fabric, told PYMNTS’ Karen Webster. “This” is retail’s ability to meet consumers where they are — whether online, in-store or on social media — and deliver a seamless, efficient and reliable shopping experience across all channels. They might find a product on social, […]

Choice can be both a necessity and a paralyzing paradox. Particularly in the world of business payments, finding the optimal mix of payment methods has become a critical challenge for companies seeking to maximize operational efficiency, reduce costs and improve cash flow management. After all, no two businesses are the same — and no two […]

Banks and financial institutions (FIs) face challenges in balancing the convenience of digital banking with the need for robust security measures. Economic impacts from fraud have forced these institutions to shift resources away from innovation toward immediate threat mitigation, hindering progress in the sector. As security threats evolve, a PYMNTS Intelligence report, “Progress and Protection: […]

Workers are growing increasingly frustrated with the slow pace of traditional payroll and outdated biweekly pay periods, especially in today’s economic climate, where many live paycheck to paycheck. For gig workers, freelancers and contractors, the wait for payment is even worse, as they often wait longer than standard pay cycles, putting their livelihoods and businesses […]

Charlie Javice, the young entrepreneur accused of deceiving JPMorgan Chase in a $175 million acquisition deal, will now face trial next year, according to several published reports. A Manhattan federal judge on Monday (Sept. 23) granted Javice’s request to postpone her criminal trial, originally scheduled for Oct. 28, until Feb. 10. Javice, who founded the college financial aid platform […]