News

Artificial Intelligence
Wave of AI Models Signals Intense Industry Rivalry
April 11, 2024

The rise of several artificial intelligence models indicates a fresh surge in industry rivalry, possibly setting the stage for an array of innovative commercial applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Consumers Demand Deals on Big-Ticket Items Amid Economic Uncertainty
April 11, 2024

With ongoing financial challenges constraining shoppers’ purchasing power, furniture companies’ recent earnings reports show that consumers may not be willing to buy, say, a new couch if they are not getting it at a bargain. Get the Full Story Complete the form to unlock this...

CFPB
CFPB and EU Eye Consumer Risks of BNPL, AI and Digital Payments
April 11, 2024

Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments and artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Mimo Launches Financial Management Platform for Small Businesses, Accountants
April 11, 2024

Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
Half of Amazon Spring Sale Shoppers Bought Health and Beauty Products
April 11, 2024

To further increase its already substantial share of the retail market, last month Amazon announced its first Big Spring Sale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Artificial Intelligence
Adobe Paying for Videos, Images to Train AI Models
April 11, 2024

Adobe is reportedly paying artists and photographers to supply videos and images that will be used to train the company’s artificial intelligence models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cross-border Payments
CHIPS ISO 20022 Migration Means Smoother Cross-Border Activity
April 11, 2024

A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines and compliance deadlines have all posed challenges to banks and to the payments systems themselves.  ...

Security & Fraud
FI Execs Curb Their Enthusiasm for Open Banking
April 11, 2024

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers, has proven to be popular with both regulators and consumers. Get the Full Story Complete the form to unlock this article and enjoy...

News
OpenAI CEO Sam Altman Seeking Global Support for AI Infrastructure
April 10, 2024

OpenAI CEO Sam Altman is reportedly meeting with government and industry officials in several countries in an effort to support the building of infrastructure for artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...