Stripe announced Wednesday (May 7) new product launches focused on leveraging artificial intelligence (AI) and stablecoins to support business growth. Among these, the company debuted an AI foundation model to improve fraud detection and authorization rates. Dubbed the Payments Foundation Model, it is trained on...
Priority Sports, a unit of payments and banking solution provider Priority, said it has been handling ticket sales transactions for the Minnesota Wild, a professional hockey team, since March. “The launch of Priority Sports is a strategic expansion of our mission to simplify and optimize...
Hard times can help to build great companies. The reason? Amid challenges such as operational uncertainty, ongoing geopolitical friction and supply chain disarray, firms frequently scramble to turn cost centers into levers for resilience. Given the realities of today’s macro backdrop, many businesses are looking...
Budget-conscious consumers reach for debit cards to maintain financial discipline, while the allure of rewards continues to fuel credit card use. The PYMNTS Intelligence report “How People Pay: Budgeting Anxiety Drives Debit Card Usage” shed light on the nuanced decision making behind payment method selection...
Brazil isn’t just famous for samba, soccer and carnival anymore. It is now drawing attention for something else: its meteoric rise as the world’s most digitally engaged nation, particularly in finance and payments. The reason? Brazil’s demographic and regulatory environment has created a near-perfect sandbox for...
Despite a global familiarity with digital wallets, how consumers are actually using them reveals a patchwork of preferences and nascent adoption beyond basic transactions. A recent report titled “Digital Wallets Beyond Transactions: Global In-Depth Report,” produced by PYMNTS in collaboration with Google Wallet, surveyed over...
The Clearing House says transactions on its electronic payments network (EPN) system continue to grow in value and volume. That system, The Clearing House’s (TCH) automated clearinghouse (ACH) network, saw its transaction volume increase by 6.2% last year, the company said Monday (March 31). The...
A recent PYMNTS Intelligence report, titled “In-Store and Online, Digital Wallets and Debit Are Zillennials’ Signature Payments” provides a compelling look into the payment preferences of a pivotal microgeneration: Zillennials, those born between 1991 and 1999. The study, based on a survey of over 2,500...
United Kingdom FinTech Monzo debuted a tool to help consumers share expenses with friends and family. Monzo Split is aimed at solving what the company said is a persistent problem in the U.K. Consumers lose money because they feel too awkward to ask to be...