News

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

Source: pymnts.com

Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
February 16, 2024  |  Personnel

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC)...

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Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation
Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation
February 16, 2024  |  Regulation

The Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating FinTechs. At the same time, the central bank expects these...

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DraftKings Looks to Hit Jackpot With Lottery Acquisition, Digital Innovation
DraftKings Looks to Hit Jackpot With Lottery Acquisition, Digital Innovation
February 16, 2024  |  Earnings

For many sports betting companies, the Super Bowl is, well, their Super Bowl. But daily fantasy sports contest and sports betting company DraftKings is more...

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Altman’s AI Chip Plan Faces National Security, Antitrust Concerns
Altman’s AI Chip Plan Faces National Security, Antitrust Concerns
February 16, 2024  |  Artificial Intelligence

OpenAI CEO Sam Altman is reportedly seeking approval from the U.S. government for an initiative aimed at enhancing the global manufacturing of artificial intelligence chips....

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CFPB Takes Aim at Consumer Credit Card Rates 
CFPB Takes Aim at Consumer Credit Card Rates 
February 16, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this...

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Consumers Prefer Instant Payments, Federal Reserve and PYMNTS Data Show
Consumers Prefer Instant Payments, Federal Reserve and PYMNTS Data Show
February 16, 2024  |  Faster Payments

An official with the Atlanta Federal Reserve says findings from a 2023 Federal Reserve study confirm the growing appetite for instant payments. Claire Greene, payments...

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Mastercard Says Click to Pay Is Primed for Growth as Merchants Focus on Conversion
Mastercard Says Click to Pay Is Primed for Growth as Merchants Focus on Conversion
February 16, 2024  |  Connected Economy

Nearly five years after Click to Pay was introduced (initially as Secure Remote Commerce), Jennifer Marriner, EVP, Global Acceptance Solutions at Mastercard, told Karen Webster,...

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AI Cuts Across Marketplaces to Accelerate Seller Performance
AI Cuts Across Marketplaces to Accelerate Seller Performance
February 16, 2024  |  artificial intelligence

Amazon had a lot to crow about on its most recent earnings call. It started with record revenue for Q4 and the full year of...

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Tokenization Now Seen by Merchants as Performance Optimization Play
Tokenization Now Seen by Merchants as Performance Optimization Play
February 16, 2024  |  Security & Fraud

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost...

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