As the world buzzes about ChatGPT, the payments and financial sectors are already sizing up advanced new artificial intelligence (AI) tools relating to how they can move from parsing vast amounts of data instantly to detecting fraud to having human-like service interactions. Speaking with PYMNTS...
Business-to-business (B2B) payments are transforming as companies of all sizes swap checks and traditional payment methods for real-time payments, embedded finance solutions and banking-as-a-service (BaaS) products. Adopting these quicker, more efficient methods has been swift — with 41% of U.S. businesses now using real-time payments...
The Consumer Financial Protection Bureau said Monday (Feb. 27) that it has permanently banned a California mortgage broker from the industry, citing years of abuse and fraudulent government representation to military families. The CFPB’s announcement of its lifetime ban of RMK Financial’s Majestic Home Loans...
Lingerie sector mainstay Victoria’s Secret is starting 2023 aggressively, first completing its acquisition of digital-first brand Adore Me in January and now announcing a pilot for its new loyalty rewards program for Victoria’s Secret and PINK customers. Per a Friday (Feb. 24) press release, the lingerie and apparel...
As grocers look to escape reliance on aggregators, tech providers are offering new automated solutions. Fulfil, a startup that offers robotic micro-fulfillment center (MFC) solutions for grocers to more efficiently pick and pack eCommerce orders, announced Monday (Feb. 27) that it has raised $60 million...
The ultimate fate of the Consumer Financial Protection Bureau rests in the hands of nine individuals. The Supreme Court agreed on Monday (Feb. 27) to hear arguments challenging the constitutionality of the funding of the CFPB. As widely reported Monday, the nine justices have agreed...
Payments intelligence platform Pagos announced an oversubscribed $34 million Series A fundraise on Monday (Feb. 27) as investors bet on the value of providing deeper data insights into payments. Pagos was founded in 2021 by former leaders at Braintree, Venmo, PayPal, Stripe, eBanx, Klarna and...
Miami-based trade finance platform Marco said Monday (Feb. 27) that a fresh $200 million credit line as well as an $8 million equity investment would enable it to pursue rapidly growing trade opportunities in Latin America. According to a company press release, the FinTech has...
It can be too bothersome for consumers to store and regularly update their payment credentials on myriad sites and apps. Reducing friction in shoppers’ online experiences may be the most important goal for eCommerce retailers and marketplaces. This aim is especially critical when it comes...
