In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments. When it comes to the way businesses and consumers transact, speed, security and convenience are far from ever going out of style. As Scott P. Young, senior vice president...
There’s no shortage of evidence showing that digital payment methods are nearing a tipping point. As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of digital wallets and instant payments. The Fed’s Consumer Research Brief found that 57% of consumers expect to...
Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer protection law. Considered the first of its kind globally, the rule sets a precedent in safeguarding consumers...
Health systems technology firm Kontakt.io has raised $47.5 million to expand its artificial intelligence (AI) solution. “Kontakt.io enables health systems to optimize patient, staff, and resource flows, improving safety, coordination, and service delivery,” the firm said in a Tuesday (April 16) news release. “The company uses AI, the...
November 04, 2024
From touchless digital payments experiences to connected vehicles, technology provides opportunities for innovation and collaboration across many industries, including payments. Connected devices offer consumers the ability to quickly adopt digital payments. For instance, during the pandemic, consumer behavior started to shift the expectation of integrated experiences. Julius Alexander III, head of emerging payments at Discover® […]
May 30, 2024
In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments. When it comes to the way businesses and consumers transact, speed, security and convenience...
May 22, 2024
There’s no shortage of evidence showing that digital payment methods are nearing a tipping point. As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of...
February 12, 2024
Artificial intelligence has found its way into consumer healthcare from several angles, including disease diagnosis, treatments for conditions like autism and pharmaceutical research. Until now though, the technology has been...
February 14, 2024
Somos unveiled an Internet of Things identity management service designed to safeguard businesses’ IoT assets. The new SomosID aims to provide businesses with a registry for their IoT assets, enhancing visibility and fortifying their cybersecurity defenses, the provider of identity management, fraud prevention and data services said in a Wednesday (Feb. 14) press release. “The […]
January 16, 2024
Microsoft and Vodafone have launched a $1.5 billion payments and AI-focused collaboration. The partnership will see the companies employ Microsoft’s generative artificial intelligence (AI) to enhance Vodafone’s customer experience, Microsoft...
December 11, 2023
BlackBerry has a new CEO, and has altered its plans for its Internet-of-Things (IoT) business. The software company announced Monday (Dec. 11) it had dropped plans to “pursue a subsidiary initial public offering”...
May 12, 2023
ServiceNow plans to acquire G2K to add new capabilities to its solutions for brick-and-mortar businesses. The transaction will add G2K’s Internet of Things (IoT) technology to ServiceNow’s Now Platform, providing organizations in retail and...
