News

eCommerce
Revolut Business Payment Gateway Integrates With BigCommerce
August 23, 2024

The Revolut Business Payment Gateway can now be integrated with BigCommerce, Revolut said in a Friday (Aug. 23) post on LinkedIn. The integration will make online businesses’ payment processing smoother and offer their customers a seamless checkout experience, Revolut said in an Aug. 15 blog...

Artificial Intelligence
Programming Proves to Be Profitable Application of GenAI Technology
August 23, 2024

While generative artificial intelligence is not yet making money in some fields, it has reportedly quickly proven its value in powering coding assistants. One AI coding assistant, the Microsoft-owned GitHub Copilot, has drawn nearly 2 million paying subscribers since its launch in 2022 and contributed...

Security & Fraud
Game Day Every Day: How AWS Prepares for the Unexpected
August 23, 2024

Practice makes perfect, as the adage goes, even when you’re practicing failure. That’s a rough approximation of how Amazon Web Services practices operational resilience. Other companies may try and even succeed at proactively stopping business disruption. At AWS, practicing disruption is part of the culture....

Retail
50% of Amazon Prime, Walmart+ Subscribers Step Up During Sales Events
August 23, 2024

As retailers vie to capture consumer interest, the juxtaposition of Amazon Prime Day and Walmart+ Week underscores the evolving landscape of shopper loyalty. A recent PYMNTS Intelligence report, “New Data: Shoppers Love Amazon Prime Day — But Spend More on Walmart+ Week,” sheds light on...

Retail
$875 Up for Grabs: Amazon and Walmart Woo Back-to-School Shoppers
August 23, 2024

As school season approaches, prompting parents to shell out hundreds of dollars, retail giants Amazon and Walmart are each vying to be shoppers’ go-to for their scholastic needs. On Walmart’s earnings call last week, the company’s U.S. business’s president and CEO John Furner spoke to...

Fintech Investments
FinTech IPO Index Slips 1.4% As Overseas Companies Show Mixed Results
August 23, 2024

It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place overseas this week. Chinese FinTech Futu, which still tops the index with a 300-point percentage...

Cross Border Commerce
Banking Circle and Skydo Partner on Cross-Border Payment Solutions
August 22, 2024

Banking Circle and Skydo have partnered to provide payment solutions for Indian businesses that operate in international markets. This collaboration will enable the small and medium-sized businesses (SMBs) using Skydo’s cross-border payments platform to offer their buyers in the United Kingdom and the European Union...

B2B Payments
Checkbook Expands Payment Operations Amid Shift From Paper Checks
August 22, 2024

Payments solution provider Checkbook has expanded its payment operations. The company announced this expansion in a Thursday (Aug. 22) news release, saying it marked a milestone in “streamlining check and payment operations for a variety of business use cases in the U.S.” According to the release, Checkbook has seen a...

Artificial Intelligence
Perplexity Reportedly Plans Ads for AI Search App
August 22, 2024

Embattled artificial intelligence startup Perplexity is reportedly ready to run advertisements on its search app. The AI company is circulating a pitch deck, touting the reach and use of its app, which has been downloaded more than 2 million times and has 230 million monthly...