Payments platform FreedomPay has teamed with Citi to enable Citi Pay products at point-of-purchase. “This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing their shopping experience,” the companies said in a Thursday (Dec. 6) press release. The partnership also gives consumers control of...
B2B banking platform ZilBank has launched a new feature that makes it easier for Mexican businesses, entrepreneurs and freelancers to pay U.S. vendors, affiliates, employees and others. The software-as-a-service (SaaS) platform now allows Mexican users to open U.S. payment accounts online with passports, a statement...
Has the artificial intelligence (AI) landscape overhyped itself? Google’s long-awaited Gemini AI model was finally released on Wednesday (Dec. 6), and the model — which Google is hoping will put it at the front of an ongoing AI arms race that for much of the past year...
With quick-service restaurants (QSRs) increasingly pushing their digital loyalty programs to gain valuable customer data, McDonald’s is aiming to add 100 million new members in the next few years. The company announced Wednesday (Dec. 6) in an investor update that it aims to grow the...
Solvento has secured a $50 million debt facility and equity to further develop and expand the use of its payment and credit infrastructure for Latin America’s trucking sector. The Mexican FinTech company has also launched an artificial intelligence (AI)-powered software solution that automates the accounts...
Generation Z consumers are more likely to use Instagram and TikTok to search for products than other generations. They often turn to social media to browse brands before using Google. Their interaction within the social network often leads to a purchase, more so than other...
Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird for changes in how they conduct and approach risk management. Nacha, he said, cleared more than 30 billion transactions, with...
The rise of large language models (LLMs) such as ChatGPT has thrust generative artificial intelligence (AI) into the driver’s seat of retail technologies, prompting brands across industry subsegments to reassess their strategies. This development follows retailers’ yearslong efforts to leverage AI’s earlier iterations to support...
The manufacturing sector is undergoing a significant transformation in its payment practices, with a growing emphasis on real-time payments. In fact, instant payments have emerged as the leading method for business-to-business (B2B) transactions in the sector, with over 99% of manufacturers already utilizing real-time payments...
