Новости за 11.10.2024

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.” Spending growth is still growth. “I think […]

Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices said during a meeting held Wednesday (Oct. 9). The meeting was convened by the Justice Department’s Civil Rights Division to promote the coordination of AI and civil rights, the department said in […]

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. The PPI, which measures wholesale prices, saw a 0.2% increase in the index for final demand services offset a 0.2% decline in prices for final demand goods, the Bureau of Labor Statistics (BLS) said in a Friday (Oct. 11) press release. […]

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. This week, Mytheresa announced its acquisition of YNAP from Richemont, with the goal of creating a leading global digital luxury group. This move will […]

HubSpot plans to add subscription billing management and configure, price, quote (CPQ) tools by acquiring Cacheflow. When the transaction is completed, Cacheflow will become a wholly owned subsidiary of HubSpot, the companies said in a Friday (Oct. 11) press release. “With Cacheflow, we’re doubling down on our vision for commerce by addressing two important areas […]

The addition of Apple TV+ to Amazon Prime Video’s collection of add-on subscription options in the United States will grow Prime Video’s offering and expand Apple TV+’s audience, executives of the two companies said. This new collaboration will make Apple TV+ available to Prime members via Prime Video in the U.S. for $9.99 per month, beginning later in October, […]

As artificial intelligence (AI) avatars transform remote collaboration and personalized shopping guides redefine eCommerce, data security and corporate espionage concerns intensify. Meanwhile, the Nobel Prize honors AI pioneers in protein science. This week in AI has been one of advancements across industries as varied as travel booking and groundbreaking chemistry research. AI Avatars Join the […]

A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at the U.S. Treasury Department, said Wednesday (Oct. 9). In remarks prepared for delivery at the Chicago Payments Symposium hosted by the Federal Reserve Bank of Chicago, Liang said that “our […]

What has four wheels, two seats, no steering wheel and arrived a few years late? Tesla’s long-awaited robotaxi, which CEO Elon Musk had predicted in 2019 would be launched by 2020. But it wasn’t until this Thursday evening (Oct. 10), in the year 2024, that Musk finally unveiled his plan for the future of autonomy, traversing […]

BNY is looking to add managed accounts and alternative and private market investment products as it looks to continue growing. This announcement came as the global financial services company reported third-quarter results that showed growth across its three business segments — security services, market and wealth services, and investment and wealth management — and saw […]

B2B expenses are a regular part of everyday corporate operations and a core component of accounting teams’ portfolios. These teams must ensure corporate spending stays within budget and aligns with projections, or costs can quickly spiral out of control. Unfortunately, many still rely on manual data entry and paper receipts to track expenses. This increases […]

In a world where the average consumer has more computing power in their pocket than the Apollo 11 spacecraft, it’s no surprise that the financial landscape is undergoing a seismic shift. That shift is rapidly progressing past innovations in contactless payments or mobile banking. A fundamental reimagining of how consumers and businesses interact with money […]

As Walmart and Amazon compete to provide the best online shopping experiences, both are increasing their use of generative AI (GenAI) to improve search offerings. The former announced Wednesday (Oct. 9) that it is using new AI and augmented reality, among other digital technologies, to offer more immersive and personalized retail journeys. “A standard search […]

The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. But what goes up must come down. And in a dramatic reversal of recent trend, Asian names plummeted across the most recent […]

For CFOs, generative artificial intelligence (AI) has made the leap from mere curiosity to an offering that can be applied to change the very nature of decision-making surrounding enterprise payments. In an episode of PYMNTS TV, and as part of the monthlong PYMNTS B2B Outlook 2030 event, Ahsan Shah, SVP, AI/analytics at Billtrust, spotlighted the […]

As younger consumers reshape the retail landscape, their motivations, preferences, and behaviors provide invaluable insights for brands and retailers striving to stay ahead. A PYMNTS Intelligence report, “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” a collaboration with Adobe, analyzes the evolving dynamics of online shopping, unveiling distinct trends that set […]

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels. Case in point: Septembers’ official reading on consumer price increases reflected an overall slowing pace of inflation — on an annualized basis — though the 0.2% month-over-month increase was “hotter” […]

In the first 24 hours of allowing its merchants to accept stablecoin payments for online transactions on its platform, Stripe reportedly saw that customers from more than 70 countries made purchases with that form of payment. Stripe authorized its merchants in the United States to receive the Circle-issued USDC through their online checkout pages, beginning […]

Lemon announced Thursday (Oct. 10) that the company has launched and that its financing platform built for software-as-a-service (SaaS) sales teams is live. The platform is designed to help SaaS sales teams overcome the common challenge of customer hesitation over large upfront costs, Lemon Co-Founder and CEO Matt Bird said in a Thursday blog post. […]

Software and embedded payments specialist ClearCourse, which has made more than 40 acquisitions since 2018, has acquired business-to-business (B2B) eCommerce platform GOb2b. The transaction will bring together ClearCourse’s industry-specific solutions for small and mid-sized businesses (SMBs) and GOb2b’s platform for businesses in the food and drink, health and safety, and manufacturing sectors, the companies said […]

Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches.  The tool was created with a private and permissioned blockchain that is solely owned and managed […]

Cashierless checkout technology provider Grabango reportedly discontinued its operations after failing to secure funding. The company had signed deals with grocers and convenience stores, including Aldi, Circle K, Giant Eagle and 7-Eleven, and was seen as one of Amazon’s top competitors in the cashierless checkout technology space, CNBC reported Wednesday (Oct. 9). Grabango did not […]

As we approach the holiday season, mass merchants and dollar stores are unveiling a plethora of new deals designed to attract budget-conscious consumers grappling with financial struggles. This year, many retailers are adapting their strategies to meet the needs of shoppers who are feeling the pinch of rising costs, emphasizing affordability and value in their […]

Artificial intelligence (AI) assistants are gate-crashing boardrooms and Zoom calls, offering to streamline corporate America while threatening to short-circuit human collaboration in the workplace. Zoom’s new AI assistant exemplifies a wave of AI tools poised to transform business operations, potentially redefining how companies communicate, collaborate, and manage workflows across industries and time zones. The tool, […]

The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America said in a Thursday investor note, Seeking Alpha reported Thursday (Oct. 10). The financial institution’s note added that 60% of organizations were hit by ransomware in […]