June 18, 2024
JPMorgan Payments and Loop Team to Monetize Freight Payments

J.P. Morgan Payments has launched a partnership with audit/payment platform Loop. The collaboration announced Tuesday (June 18), is designed to “boost working capital with freight payments,” the companies said in a news...

June 17, 2024
Bookkeeping Firm Digits Buys Accounting Platform Basis Finance

Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal clear to founders in 2024,”...

June 17, 2024
Nearly Three-Quarters of U.S. Shoppers Want Real-Time Inventory Updates

U.S. consumers expect to know, when they go to make a purchase, whether or not the items they want will be in stock, PYMNTS Intelligence reveals, and they are looking...

June 17, 2024
Constructor Raises $25 Million for AI-Powered Product Discovery, Search Engine

Constructor has raised $25 million in a Series B funding round to support the further product development and international expansion of its artificial intelligence (AI)-powered product discovery and search platform...

June 17, 2024
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. The ongoing mess at the banking-as-a-service (BaaS) platform has affected over a hundred thousand U.S....

June 17, 2024
40Seas Launches AI-Powered Global Accounts Receivable Platform

40Seas has launched a Global Accounts Receivable platform that is powered by artificial intelligence (AI) and centralizes invoice data in a single dashboard. The platform can also help companies streamline...

June 16, 2024
Report: OpenAI Could Become a For-Profit Business

OpenAI’s days as a nonprofit company could be numbered. CEO Sam Altman has told some shareholders the artificial intelligence (AI) firm is weighing a change to its governance, making it...

June 14, 2024
WEX Appoints Jason Hancock Managing Director of International Payments Division

WEX has appointed Jason Hancock as managing director of its international payments division. Hancock has been with the global commerce platform since 2021, serving as senior director strategy, WEX Travel, and...

June 14, 2024
They Said What? Notable Quotables From This Week in PYMNTS

This week in PYMNTS, industry insiders discuss everything from composable banking to network tokenization to which tradeoffs lipstick buyers are and are not willing to make. The Future of Credit...