News

Banking
Mastercard Introduces White-Label Subscription Management Solution for Financial Institutions
March 12, 2024

Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings. The new Smart Subscriptions solution enables consumers to cancel, pause and resume their subscriptions, the company said in a Tuesday (March 12) press release. It also helps consumers...

Investments
Nanonets Raises $29 Million to Automate ‘Mundane Office Work’
March 12, 2024

AI-based workflow automation platform Nanonets has raised $29 million in new funding. The company’s Series B round, announced Tuesday (March 12), comes as roughly a third of Fortune 500 countries have used Nanonet’s artificial intelligence (AI)-based workflow automation for finance, accounting, operations and other uses. “The internet was going...

IPO
Telegram Ponders IPO as It Approaches Profitability
March 12, 2024

The owner of messaging app Telegram is reportedly considering taking the company public. In an interview with the Financial Times posted Tuesday (March 12), Pavel Durov said that his Dubai-based platform has 900 million users, and is making “hundreds of millions of dollars” in revenues thanks to advertising and premium...

Banking
JPMorgan Makes AI ‘Part of the Management Conversation’
March 12, 2024

Artificial intelligence continues to grow in importance for JPMorgan Chase. So much so that the technology could have its own reporting line, beyond the banking giant’s larger tech team, CEO Jamie Dimon indicated Tuesday (March 12). “Before any other major investment, it’s how are we doing on AI,”...

Digital Banking
Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
March 12, 2024

The evolution of money movement, and of banking, are intrinsically linked. That’s why, as money became digitized and embedded, so too did banking, via the first iteration of the banking-as-a-service (BaaS) model. But as digital, instant payments become regarded as the norm, and the BaaS...

Omnicommerce
Data and Updated Technology Lead Must-Have List for Omnichannel Payments
March 12, 2024

The great digital shift of the pandemic has given way to omnichannel commerce, as consumers clamor to do at least some of their shopping on site. PYMNTS Intelligence and Visa Acceptance Solutions found earlier this year that four in 10 consumers want a digital experience...

eCommerce
Price Is Top of Mind When Consumers Shop on eCommerce Marketplaces
March 11, 2024

When online shoppers decide to make purchases from eCommerce marketplaces rather than directly from brands or retailers, PYMNTS Intelligence research reveals, affordability is their top priority. By the Numbers The PYMNTS Intelligence report “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,”...

Artificial Intelligence
AI-Powered Chatbots and Searches Punch Travel Industry’s Ticket
March 11, 2024

Kayak’s new chatbot lets users seek travel advice and discover flights via screenshots, in the latest sign of how artificial intelligence (AI) is driving the digital transformation of business and consumer travel.  The travel booking company launched two new features last week aimed at simplifying...

Retail
Shoppable TV Shortens the Path to Purchase for Digital Merchants
March 11, 2024

As consumers’ omnichannel shopping habits rapidly evolve, retailers and brands are finding shoppable content, such as interactive ads and streaming, could go a long way toward driving conversion. Online merchants are faced with the challenge of preventing customer drop-off at each stage the buying journey....