Новости за 17.10.2024

Returns fraud is a growing global issue, costing retailers billions annually. Recent estimates suggest that fraudulent returns account for up to 13% of total returns in the U.S., significantly impacting profit margins. With the rise of eCommerce, the potential for abuse has expanded, prompting brands to rethink their return policies. In 2023 alone, returns fraud […]

Visa is teaming with littlefish, an omnichannel platform that helps financial institutions serve small businesses. The  partnership will support micro, small and medium-sized businesses (MSMEs) across Africa by streamlining their in-store and online digital experiences, the companies said Thursday (Oct. 17) in a news release provided to PYMNTS. “Despite the global rise of digital payments, […]

The U.S. Treasury Department said artificial intelligence (AI) has helped fuel a fraud/improper payments recovery. The department announced Thursday that its “technology and data-driven” approach allowed it to prevent and recover more than $4 billion in fraud and improper payments, up from $652 million during 2023. “This increase reflects dedicated efforts by the Treasury’s Office […]

Worldline launched a new pay-by-bank payment method that caters to businesses that handle high-value transactions. The Bank Transfer by Worldline solution was launched in 10 countries across Europe in August and will be extended to four more by the end of 2024, the payments technology provider said in a Thursday (Oct. 17) press release. “With […]

Artificial intelligence (AI) video tools, including Adobe’s latest release, are transforming corporate media by enabling rapid, low-cost custom content creation. The Firefly Video Model, part of Adobe’s Creative Cloud suite, leverages licensed footage and AI to enable rapid video production while navigating potential legal and ethical pitfalls. It joins a growing field of AI-powered video […]

The Zelle person-to-person (P2P) payments network continued growing in the first half of the year. The number of transactions sent via the network increased 27% year-over-year to reach 1.7 billion, while the value of those transactions rose 28% to $481 billion, the network operator of Zelle, Early Warning Services, said in a Thursday (Oct. 17) […]

Aldi’s latest expansion efforts have it literally in Walmart and Target’s backyards. That’s according to a report Thursday (Oct. 17) by Supermarket News, which notes that one of the German discount grocer’s latest store openings is happening in the same Florida parking lot as a Target store, and across the street from a Walmart Supercenter. It’s one of four new Aldi locations […]

Ulta Beauty plans to open 200 new stores as part of a long-term strategy announced this week. At its investors’ day Wednesday (Oct. 16), the beauty retailer said it hopes to open the new locations over the next three years, bringing its store count to more than 1,800, according to a press release. Ulta also […]

Artificial intelligence is fueling explosive growth in the tech industry, with companies from chip manufacturers to security startups reporting soaring revenues and attracting significant investment. Taiwan Semiconductor Manufacturing Co. posted a 54% jump in quarterly profits on strong AI chip demand, while AI security firm AITX saw a 348% revenue surge. Governance platform Relyance AI […]

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. And speaking of past peaks — looking at year-over-year growth rates and patterns, as documented by PYMNTS Intelligence, the summit of early 2023, at least for the U.S. consumer, seems long ago and far away. Where the […]

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Huntington Bancshares, M&T Bank and S&T Bancorp reported their third-quarter results Thursday. “Credit quality remains excellent,” Commerce Bancshares President and CEO John Kemper said in […]

After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by Truist executives during a third-quarter 2024 earnings call Thursday (Oct. 17). They said the bank “returned $1.2 billion of capital to our shareholders in the form of our common stock […]

By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and then some, according to a Thursday (Oct. 17) press release. Ninety percent of the cross-border payments made on its network reached their destination bank within an hour. “Swift’s data shows […]

Payments infrastructure provider BVNK has launched a partnership with USDC-issuer Circle. The collaboration is designed to accelerate the utility of the USDC stablecoin for BVNK customers, according to a Thursday (Oct. 17) news release. “BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use […]

Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and the value of those payments to $844 billion, Nacha, which […]

Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That’s according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19 billion travel booking website would mark Uber’s largest acquisition ever. Sources told the FT that Uber had spoken to advisors about the feasibility of the […]

Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT), comes amid a wider series of layoffs at Meta. According to the report, the staff members — based in Los Angeles — had been using $25 meal credits to purchase […]

Doctor visits and medical bills are a fact of life. But occasionally the payments tables are turned in favor of the patient in the form of refunds or disbursements. It’s a happy event, to be sure, and sometimes an unexpected one. But all too often the reimbursement is issued in paper form, where the checks […]

How do you deal with an entity that is so malicious it will use a natural disaster to commit cybercrimes? It’s happening in the wake of the two hurricanes that hit the southeastern United States as well as severe storms in other parts of the world. As stated in an Oct. 10 post on banking […]

  Pay by bank is a new payment method that is carving out a niche in the consumer payments space. Incentives may be the hook needed to draw in new customers. Certain consumers — particularly Gen Z, high-income individuals, or consumers already interested in this payment method — report increased interest in using it when […]

The invisible cost of caregiving continues to pose a challenge for women and mothers. Across America, women are making an impossible choice: prioritize their families’ needs or take care of their own health. With grocery bills climbing, healthcare costs rising and the pressure to juggle caregiving responsibilities growing, more and more women are opting to […]

It was Walt Disney who once said, “We keep moving forward, opening new doors, and doing new things, because we’re curious, and curiosity keeps leading us down new paths.” He, of course, was referring to the creative process, but his observation also powers executives in the connected economy. The quote would certainly get a good […]

B2B payments are no longer just back-office concerns — they’re front and center for businesses looking to streamline operations and delight customers. But going it alone just isn’t an option. For B2B month, PYMNTS sat down with Ernest Rolfson, CEO of Finexio, Marne Martin, CEO of Emburse, and Loralee Bodo, SVP of commercial solutions at Mastercard, to dissect how […]

As Silicon Valley innovates with artificial intelligence, many companies remain burdened by outdated paper invoice systems. This disconnect hinders efficiency and presents financial risks. With invoice volumes set to rise sharply, businesses must recognize that manual accounts receivable (AR) processes can no longer meet modern demands. A PYMNTS Intelligence Report, Businesses at Risk: The High […]

You’ve heard of the October surprise. The term applies to politics, to a bombshell or report that upends a race. And sometimes the event brings clarity — determining the direction of the race and who the ultimate winner(s) might be. In financial services, and particularly the brave new world of open banking in the U.S., […]