The internet, as businesses commonly knew and used it, ended in 2022. The rise of generative artificial intelligence (AI) has reshaped the information ecosystem that firms previously operated within, creating a wealth of new opportunities — but also opening up the door to more threats...
In verticals as far-flung as logistics, construction and retail, payments are embedded into the mix more deeply than ever before. Hersh Mansukhani, vice president of platforms and embedded payments, Fiserv, told Karen Webster that payments have, essentially, become a product. They’re a part of the...
This next installment of PYMNTS’ miniseries on consumer behavior that became more widespread as a result of the pandemic focuses on healthcare monitoring technology. Wearables and other healthcare monitoring tech were just catching on when COVID-19 hit, and the crisis in many ways set the...
French telecom Orange plans to exit the retail banking business in France and Spain. The firm, which launched Orange Bank in 2017, is in exclusive talks with BNP Paribas to have that organization support the bank’s customers while Orange withdraws from the business in the two countries, Orange said in a Wednesday...
DoorDash will now let its gig workers choose to be hourly workers. The aggregator will let drivers choose to earn a minimum hourly rate, to use the existing method in which they are paid per offer, and to switch from one to the other, DoorDash said...
ChatGPT creator OpenAI has picked London for its first headquarters outside the United States. “London’s vibrant technology ecosystem and its exceptional talent make it the ideal location for OpenAI’s first international office,” the company wrote in a blog post Wednesday (June 28). “The teams in London will focus on...
In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a series of what it says would be “upgrades” to PSD2. And as has been widely reported, the changes will help...
Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday...
Financial platform Maza has raised $8 million to help provide immigrants with financial identities. The Los Angeles-based company announced the seed funding in a Wednesday (June 28) press release, saying the financing will bolster its platform, which automates a U.S. tax presence for immigrants. “As descendants of Latin American...
