News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Embedded Finance, Online Platforms Shape This Week’s B2B Innovations
Embedded Finance, Online Platforms Shape This Week’s B2B Innovations
July 11, 2024  |  B2B Payments

There are many truisms about the B2B landscape, and they mostly center around better payments. After all, the ongoing digital transformation reshaping the B2B marketplace...

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Billtrust and Visa to Continue Collaboration on Business Payments Network
Billtrust and Visa to Continue Collaboration on Business Payments Network
July 11, 2024  |  Partnerships

Billtrust extended its collaboration with Visa, meaning Visa will continue to offer its financial institution clients access to Billtrust’s Business Payments Network (BPN). The two...

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Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
July 11, 2024  |  Banking

Banks connected to the collapse of Synapse are reportedly close to recovering customers’ frozen funds. These banks have made progress in putting together account information for those...

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AWS and Workday Team on Enterprise AI Applications
AWS and Workday Team on Enterprise AI Applications
July 11, 2024  |  Partnerships

Amazon Web Services (AWS) launched a generative artificial intelligence-focused partnership with enterprise software company Workday. “This expanded partnership combines the power of Workday AI and...

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NYDFS Issues Guidance for Insurance Companies’ Use of AI
NYDFS Issues Guidance for Insurance Companies’ Use of AI
July 11, 2024  |  Insurance

Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday...

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Inflation Cools Overall, but Food Is More Expensive
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024  |  Economy

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from...

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Fifth Third Debuts Tools to Ease Bank-Switching
Fifth Third Debuts Tools to Ease Bank-Switching
July 11, 2024  |  Banking

Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to...

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Specialty Retailers Step up Tech Stacks to Compete With Amazon
Specialty Retailers Step up Tech Stacks to Compete With Amazon
July 11, 2024  |  eCommerce

As specialty retailers look for ways to hold their own against Amazon’s growing lead, many are rethinking their tech efforts to be more competitive. Take,...

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Firms Look to Mitigate Consequences From Data Breaches
Firms Look to Mitigate Consequences From Data Breaches
July 11, 2024  |  Security & Fraud

The interconnected nature of financial systems can have cascading consequences when data is compromised. And with the recent news that the June cyber breach at...

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