News

eCommerce
BigCommerce Launches Storefront Technology Featuring Composable Architecture
February 08, 2024

BigCommerce has introduced a new storefront technology that aims to simplify the process of building online stores using a composable architecture.  The new Catalyst is designed for mid-market and enterprise B2C and B2B brands and retailers, and combines popular headless technologies and best practices, the Open...

Banking
Bank Branch Buildouts and Upgrades Show Omnichannel Is Here to Stay
February 08, 2024

The pandemic threatened to make banking in the brick-and-mortar setting a bit of an anachronism. Lockdowns meant that getting things done at the counter with a teller, or sitting down with a financial representative, was either impossible or took longer than getting things done online....

Artificial Intelligence
Google Renames AI Chatbot, Launches Subscription and Mobile Experiences
February 08, 2024

Google renamed its artificial intelligence chatbot, launched a new version of it, introduced mobile experiences and added a new subscription plan. Formerly known as Bard, the AI model is now called Gemini, Google said in a Thursday (Feb. 8) blog post. Together with the rebranding,...

Payment Methods
Adyen Revenue Climbs 23% After Rocky First Half
February 08, 2024

Adyen says the second half of 2022 was much stronger than the first. The Dutch payments firm on Thursday (Feb. 8) released half-year financial results showing a 29% jump in processing volume and a 23% increase in net revenues. The company’s stock plummeted last summer...

Faster Payments
APIs Promise to Make Instant Payment Systems Interoperable
February 08, 2024

Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync and interoperable. “The expectation with instant payments is that they are frictionless,” he said. “It’s all about the end user.”...

B2B Payments
How AI’s Language-Based Capabilities Will Transform B2B Payment Processes
February 08, 2024

Over a long enough time, change stands alone as the only constant. After all, it was over a century and a half ago that Charles Darwin first wrote that “the species most responsive to change” is the one that survives — and while he was...

Regulation
TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
February 08, 2024

Anticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to implement a rule governing consumer data sharing. The CFPB said the proposed rule will accelerate a shift to open banking and empower consumers to switch to new financial institutions that...

Retail
Vendidit Launches Platform Connecting Retail Returns With Secondary Market
February 07, 2024

Vendidit, an artificial intelligence (AI)-powered software platform focused on the secondary market for retail returns, launched Wednesday (Feb. 7). The company’s proprietary AI can connect retail sellers with secondary market buyers and process secondary buyer bids in a fraction of the time it used to...

Social Commerce
Bluesky Nears 4 Million Users After Dropping Invite-Only Requirement
February 07, 2024

Social media app Bluesky has experienced a surge in popularity since its public launch, attracting nearly 800,000 new users in its first day open to the public. This rapid growth is expected to push the total number of users to over 4 million Wednesday (Feb. 7), TechCrunch...