PYMNTS News

Bold Commerce CEO: Consumers Skip the Cart and Brands Close the Sale With ‘Shoppable Checkouts’
Bold Commerce CEO: Consumers Skip the Cart and Brands Close the Sale With ‘Shoppable Checkouts’
July 19, 2023  |  Checkout Conversion

Social media promised to give brands a new channel to transform browsers into buyers. But the promise has not met reality. Meta’s Instagram and Google’s...

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Fed Official: AI Can Promote Bias in Lending Decisions
Fed Official: AI Can Promote Bias in Lending Decisions
July 19, 2023  |  artificial intelligence

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. In a speech Tuesday (July 18), Barr — the Federal...

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Virtual Cards Let Firms Simplify and Control Their Business Spend
Virtual Cards Let Firms Simplify and Control Their Business Spend
July 19, 2023  |  Commercial Payments

Every workflow will eventually be disrupted — or digitized — over a long enough horizon. After all, nothing is perfect. Any process can be improved...

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Open Banking Can Help Banks Beat Fraudsters, GIACT Says
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
July 19, 2023  |  Digital Identity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise...

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Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
July 19, 2023  |  Retail

While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...

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Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
July 19, 2023  |  Money Mobility

The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on...

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Apple and Amazon Fined $218 Million by Spain’s Antitrust Watchdog
Apple and Amazon Fined $218 Million by Spain’s Antitrust Watchdog
July 18, 2023  |  Legal

Apple and Amazon have been fined $218 million for allegedly colluding to block competition on Amazon’s Spanish website. That fine was announced Tuesday by the CNMC, Spain’s antitrust watchdog, which accuses...

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Binance Market Share Drops Amid Regulatory Pressure and Fee Changes
Binance Market Share Drops Amid Regulatory Pressure and Fee Changes
July 18, 2023  |  Cryptocurrency

Binance has reportedly taken a hit in its share of the global cryptocurrency spot market. From the beginning of the year, Binance’s share of spot...

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Qualcomm and Meta Collaborate to Bring Gen AI on Devices
Qualcomm and Meta Collaborate to Bring Gen AI on Devices
July 18, 2023  |  artificial intelligence

Qualcomm Technologies is collaborating with Meta to make available Llama 2-based artificial intelligence (AI) implementations on smartphones and PCs. The implementations are expected to be launched in...

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