OpenAI has introduced its new “o1” series of reasoning models, which the company touts as a major advancement in artificial intelligence to tackle complex problems in science, coding, and mathematics. The company announced today that the first model in the series, “OpenAI o1-preview,” is now...
There’s moving money and then there’s money mobility. One represents the current state of how money moves in and out of accounts. The latter is the cornerstone of today’s announcement that money mobility platform Ingo Payments has acquired cloud-based banking platform Deposits Inc. The Deposits...
Elavon has launched a new application programming interface (API) that helps hotels and other hospitality-related businesses manage digital and in-person payments. With the new Elavon Cloud Payments Interface, these businesses can embed payments and allow guests to pay anywhere, at any time, the payments processor said...
Allianz Trade and BPL have teamed up to help underwriters and brokers share enquiry data using application programming interface (API) integration via the independent digital trading platform Whitespace. This collaboration aims to provide solutions for underwriters who receive broker enquiries in the bank nonpayment insurance...
May 27, 2024
Businesses, particularly global ones, exist and transact across fragmented payment ecosystems. Just ask any organization about their cross-border growth plans and how it’s going from a payments perspective: the absence of standardization and interoperability will become immediately apparent. Against a B2B backdrop of a growing trend toward digitalization and automation in B2B payments, driven by factors […]
May 10, 2024
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled...
December 05, 2023
It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient...
September 28, 2023
Hans Tesselaar, executive director of BIAN, told PYMNTS that the digital transformation of banking hinges on innovation, on interoperability between financial institution and providers forged across an agile ecosystem. But...
June 25, 2024
Elavon has launched a new application programming interface (API) that helps hotels and other hospitality-related businesses manage digital and in-person payments. With the new Elavon Cloud Payments Interface, these businesses can embed payments and allow guests to pay anywhere, at any time, the payments processor said in a Tuesday (June 25) press release. “This system cuts the cord […]
June 18, 2024
Allianz Trade and BPL have teamed up to help underwriters and brokers share enquiry data using application programming interface (API) integration via the independent digital trading platform Whitespace. This collaboration...
May 15, 2024
TransNetwork has acquired Inswitch to accelerate the development of its digital product suite for cross-border payments in Latin America. The acquisition will add Inswitch’s regional expertise and its embedded financial technology solutions offered...
April 16, 2024
Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses...
