One of America’s top financial watchdogs is warning companies not to make false artificial intelligence claims. Securities and Exchange Commission (SEC) Chair Gary Gensler referred to this practice as “AI washing” at a conference Tuesday (Dec. 5), comparing it to “greenwashing,” the term for when...
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025. “The network represents an...
Wei Jiang, co-founder, president and COO at Citcon, told PYMNTS in a recent interview that the travel rebound is a long-standing trend — and one that benefits merchants savvy enough to accommodate the payments needs of consumers coming from abroad. For many retailers in North America...
The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW’s parent company Designer Brands. Consumers are looking for the best value, and more often than not it can be found in...
Social media platforms like Facebook, Instagram and TikTok have revolutionized the way consumers shop and interact with brands, with each channel meeting different consumer interests and needs. While not all users make purchases from their discoveries, more than 40% of consumers use their social media...
PayPal is reportedly working to add new features, with a special focus on improving the checkout experience. The firm plans to roll out the first of these changes as early as March, Seeking Alpha reported Tuesday (Dec. 5), citing a paywalled article by The Information....
With the advent of digital payments, instant reimbursements have gained popularity, providing employees with convenience and quick access to funds. However, there is still a need for businesses to promote and address concerns regarding instant payment options. In “Generation Instant: Business Expense Reimbursements,” PYMNTS Intelligence...
Revenue acceleration platform Capchase has debuted an invoice collection tool for Software-as-a-Service (SaaS) companies. Capchase Collect is designed to help further the company’s goal of helping SaaS firms manage revenue, access non-dilutive capital, and accelerate growth, Capchase said in a Tuesday (Dec. 5) press release. Capchase Co-founder and...
Microsoft announced new features it will add to its artificial intelligence (AI) experience, Copilot, in 2024. The news comes as Microsoft marks the first year of Copilot, the company said in a Tuesday (Dec. 5) blog post. “We’re thrilled by the impact it is having...
