Новости за 18.12.2024

QR codes have become a common feature in retail, marketing and payment systems, changing the way businesses engage with consumers while offering convenience and efficiency. As the adoption of QR codes has surged, so too have concerns about their security. Experts in the cybersecurity and retail industries offered insights to PYMNTS about the benefits and […]

Pharmacy navigation platform Scripta Insights has raised $17 million in a Series B round. The new funding closes out a year in which Scripta’s revenue has surged by more than 100%, the company said in a news release Wednesday (Dec. 18). “We are changing the way people shop for prescription drugs in America,” Scripta Insights CEO Eric Levin said […]

The Dutch Data Protection Authority (Dutch DPA) fined Netflix 4.75 million euros (about $4.95 million), saying that between 2018 and 2020, the company did not give its customers enough information about what it does with their personal data. The regulator said Netflix violated the General Data Protection Regulation (GDPR) by not making the information in […]

Organizations are grappling with the dual challenges of their legacy infrastructure and rapidly evolving technological demands to operate. A business case and contract request shared by London’s Metropolitan Police Service (MPS), for example, revealed that when it comes to core back-office platforms such as enterprise resource planning (ERP) systems, upgrading legacy infrastructure is not merely […]

The latest artificial intelligence models are delivering mixed signals about the technology’s pace of advancement, with some showing dramatic leaps forward while others hit unexpected roadblocks. The complex picture emerges at a crucial moment for businesses navigating AI investment decisions, as researchers debate whether recent achievements — from advances in scientific reasoning to struggles with […]

The Federal Deposit Insurance Corporation (FDIC) board of directors reportedly votedunanimously to authorize potential legal action against six former officers and 11 former directors of Silicon Valley Bank (SVB). This authorization was approved by both Democrats and Republicans on the board, Reuters reported Tuesday (Dec. 17). In past legal actions taken against executives at failed […]

America’s leading consumer finance watchdog is warning credit card companies not to devalue rewards points. The Consumer Financial Protection Bureau (CFPB) issued a policy circular Wednesday (Dec. 18) arguing that companies that devalue or cancel those points could be breaking the law. “Rewards program operators often assert their ability to unilaterally modify credit card rewards programs, which has caused […]

Instant payments are rapidly becoming a preferred method for disbursements, revolutionizing how consumers, SMBs and enterprise senders manage their finances. And there is a consistent theme: As adoption grows, satisfaction and financial performance improve. For consumers, instant payments offer speed and convenience. These faster payments allow them to receive funds quickly, particularly when they’re in […]

Trust is both the foundation and the future of payments. But that doesn’t make maintaining it any easier. There are five big threats to maintaining that trust between payments and financial services providers and the end-customers they serve: Credit risk, payments risk, counterparty risk, fraud and security risk and compliance risk.  While each risk vector […]

Complexities breed inefficiency, as business-to-business (B2B) payments throughout their history have proven. But B2B payments should be simple, easy and secure. In an era when digital transformation is reshaping every element of business operations, virtual cards are emerging as a powerful tool to help streamline payments, improve financial control and foster strong relationships between buyers […]

The payments industry faces the dual challenge of enhancing user experience while combating sophisticated fraud. “There’s a lot of emphasis on doing things as frictionless as possible,” Sunny Thakkar, head of global fraud, disputes and authentication products at Worldpay, told PYMNTS during a discussion for the “What’s Next in Payments: The Payments Circle of Trust […]

Small to mid-sized businesses (SMBs) across the U.S. face struggles due to fragmented and inefficient business-to-business (B2B) payment systems. While many SMBs recognize the potential of integrated solutions to streamline operations, cost concerns and security challenges remain obstacles to adoption. A PYMNTS Intelligence report, “More Than Half of SMBs Would Switch to an Integrated B2B […]

Researchers say they have demonstrated a potential method to extract artificial intelligence (AI) models by capturing electromagnetic signals from computers, claiming accuracy rates above 99%. The discovery could pose challenges for commercial AI development, where companies like OpenAI, Anthropic and Google have invested heavily in proprietary models. However, experts say that the real-world implications and […]

Keo World is expanding access to its B2B payments platform Workeo in Brazil through a partnership agreement with investment bank BTG Pactual Bank S.A. This partnership will help medium and large businesses in Brazil digitize their B2B invoice payments with Keo’s Workeo solution, in collaboration with the Amex Business Link platform, Keo said in a Monday (Dec. 16) press […]

Securities and Exchange Commission (SEC) filings from several card issuers offer up a mixed portrait of the U.S. consumer in November. Delinquency rates were lumpy, though down a bit from October. Charge-off rates were higher, and overall, the data confirm PYMNTS Intelligence’s own findings from this past fall that indicate some struggling with the debt […]

Basis has raised $34 million in a Series A round to expand its deployment of artificial intelligence (AI) agents designed to help accountants. “We’ve raised $34m to accelerate our goal of equipping every accountant with a team of AI agents,” the company said in a Tuesday (Dec. 17) post on X. The round was led […]

In the wine retail industry, where tradition blends with innovation, Full Glass Wine Co. is changing how consumers discover and purchase wine. Founded in 2023, the brand acquisition and management firm has introduced a fresh approach to the direct-to-consumer (DTC) wine market, focusing on digital engagement, technology and personalized experiences. The company’s rapid growth, marked […]

Grubhub will pay $25 million and make several changes to its operations to settle charges that it violated consumer protection and competition laws. The proposed settlement covers charges from the Federal Trade Commission (FTC) and the Illinois attorney general, the FTC said in a Tuesday (Dec. 17) press release. Those charges alleged that Grubhub deceived […]

Parafin has raised $100 million in a Series C funding round to grow its embedded finance infrastructure that powers financial services for marketplaces, vertical software-as-a-service (SaaS) providers and payment platforms. The company will use the new capital to scale its existing products, ship new ones and expand into new geographies, Parafin said in a Tuesday […]

PYMNTS Intelligence data has detailed the ways in which various economies around the globe have “plugged in” to a broad range of digital activities, spanning everything from working to communicating to, of course, shopping. Brazil has been a standout across virtually all metrics, as the 11 pillars of the “ConnectedEconomy,” as measured by PYMNTS, are […]

Kimura Capital is reportedly closing its London-based trade finance business and returning money to investors. The company will continue its ventures in commodity logistics and sports management, but a proposed commodity hedge fund will not move forward, Bloomberg reported Tuesday (Dec. 17), citing unnamed sources. Kimura Capital did not immediately reply to PYMNTS’ request for comment. The company […]

Meta rolled out AI translation to its Ray-Ban smart glasses while startup Own.App launched a decentralized social platform promising full content ownership and higher creator payouts, intensifying competition in the rapidly evolving social media industry. PYMNTS takes a look at what’s new. Magic Vision Aims to Slash Content Creation Time Magic Vision launched its AI-powered […]

Cross-border finance FinTech AstroPay has introduced its multicurrency wallet. The new offering, announced by the London-based company Tuesday (Dec. 17), is aimed at simplifying how users manage money across borders. “We’re making it easier for users to manage their money and take control of their finances, regardless of where they are or what currencies they […]

Toshiba Global Commerce Solutions has debuted a marketplace solution for retailers. The Toshiba Commerce Marketplace is designed to connect retailers with a network of technology partners to help them stay competitive and provide a better experience for their shoppers, per a Tuesday (Dec. 17) press release. “The Toshiba Commerce Marketplace marks a significant milestone in our […]