News

Social Commerce
LTK Offers Creators More Control Over Commissions
September 05, 2024

Creator commerce platform LTK says it’s giving creators more control over their earnings. The company on Thursday (Sept. 5) announced what it called “major” updates to its creator app, including one that gives creators access to all available commission rates on the platform. “Creators have...

B2B Payments
Paystand Expands Its B2B Payments Service to Canada
September 05, 2024

Paystand says it is expanding its zero-fee B2B payments network to Canada. “While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to access all the benefits of the Paystand Platform and the Zero-Fee B2B Payment network,” the company...

CFPB
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. The regulator said this in a Thursday (Sept. 5) press release announcing findings from its annual report on debt collection,...

Artificial Intelligence
OpenAI’s Business Products Gain 1 Million Paying Users in First Year
September 05, 2024

A year after launching the first of its three business products, OpenAI has more than 1 million paying business users. The total includes users of ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu, the company said in a statement emailed to PYMNTS Thursday (Sept. 5). These...

Banking
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general. However, the report revealed trends that bear watching — particularly as domestic deposits (and as part of that designation, savings...

Payment Methods
PayPal Tackles In-Store Payments With ‘PayPal Everywhere’
September 05, 2024

PayPal is integrating its debit card with Apple Wallet to enter the in-store payment arena. The company announced its omnichannel “PayPal Everywhere” solution Thursday (Sept. 5), and with it an expansion of its rewards program, letting users pick a monthly category of spending, such as groceries or clothing, to receive...

Artificial Intelligence
AI Startups SSI, You.com Secure Funding; HP Reports Strong AI Sales
September 05, 2024

The artificial intelligence sector remains a focal point for investors and tech companies, as evidenced by three announcements this week. A startup focused on AI safety founded by a former OpenAI executive secured $1 billion in funding, while an AI productivity platform raised $50 million....

B2B Payments
Jaggaer and Bottomline Partner on B2B Payments
September 05, 2024

Jaggaer and Bottomline have partnered to provide companies with more payment options for B2B transactions. Bottomline’s Paymode business payment network and its Premium ACH offering, virtual card and other payment modalities will be integrated into Jaggaer’s B2B payment solution, Jaggaer Pay, the companies said in...

Investments
Nvidia Contributes to $160 Million Applied Digital Funding Round
September 05, 2024

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5). Applied Digital builds and leases...