Global embedded finance platform YouLend secured a financing deal that will enable it to extend 4 billion pounds (about $5.1 billion) in additional revenue-based financing to small- to medium-sized businesses (SMBs). The financing will be accessible through partnered global eCommerce sites, tech companies and payment...
From universities to hospitals, campuses with their own identity verification systems are using computer vision checkout to integrate payments more seamlessly into shoppers’ on-site routines. Earlier this month, for instance, Amazon rolled out badge pay for its Just Walk Out checkout system, enabling doctors, nurses and...
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the Financial Times (FT) Monday (Jan. 29), the pressure to keep depositors from leaving has begun to...
Automation of business processes among small and medium-sized businesses (SMBs) is traditionally behind the level of adoption shown by larger companies that have more economic and technological resources to allocate to this purpose. Specifically, accounts payable (AP) and accounts receivable (AR) automation implies, among other...
Foot traffic is a key metric of customer attraction for brick-and-mortar stores, and online visits are the corresponding metric for online shops. If the product assortment and the shopping experience itself are key factors when shopping in a physical store, recent market research by PYMNTS...
Artificial intelligence (AI) has been around for a while and has already made inroads in financial services, helping to automate back-office functions, and helping customers with millions of inquiries each year. “But many of those traditional AI and machine learning tools were largely constrained to...
Ad hoc payments, which are irregular payments made outside of normal invoicing and payroll processes, can be a hassle for enterprises. However, a survey revealed that instant payment methods offer a viable solution to streamline these payments. The PYMNTS Intelligence report “Streamlining Ad Hoc Payments...
At they navigate a market heavily influenced by inflation, retailers must use a range of tools to respond to the needs of value-driven consumers. In a conversation with PYMNTS, Katie Mullen, chief customer officer at JCPenney, discussed the preferences of value-driven consumers in 2024 and outlined...
Social media platform X is hiring 100 content moderators to police child abuse content. “At X, we have zero tolerance for Child Sexual Exploitation (CSE), and we are determined to make X inhospitable for actors who seek to exploit minors,” the company formerly known as Twitter wrote...
