News

News
Today In Payments: FDIC Defines Bank Regs For FinTechs; Treasury Secretary Warns Of Depression-Like Unemployment
March 18, 2020

In today’s top news, the FDIC is planning on setting new regulations for FinTechs and industrial banks, and Treasury Secretary Steven Mnuchin said U.S. unemployment could soar to 20 percent. Also, Facebook pledges $100 million in grants to SMBs to help survive the coronavirus. Get...

Retail
Trust Becomes Valuable Commodity For Retailers
March 18, 2020

In normal times consumers look for three things from a retailer: price, product and location. Although there’s no survey to prove it yet, a new factor has likely risen to No. 1 amid the coronavirus crisis: trust. In fact, a pre-crisis PwC report showed that...

Retail
Apple Announces ‘Most Advanced’ iPad Pro
March 18, 2020

With a device that is reportedly quicker and more powerful than most PC notebooks, Apple has unveiled its “most advanced” iPad Pro. The tech company said in an announcement that the tablet, which is available for purchase beginning today on its website, comes with studio-quality...

Retail
US Retail Spending Dropped 0.5 Pct. In Feb.
March 18, 2020

As consumer spending started to decelerate prior to COVID-19 containment measures, U.S. retail sales declined last month in the biggest drop in a year. Commerce Department data indicated that the value of overall sales decreased 0.5 percent from the month before following a 0.6 percent...

B2B Payments
Accelerating B2B Payments Through AR-AP Convergence
March 18, 2020

In today’s digital world, automation is key to efficiency. But as more businesses embrace the cloud, they’re also recognizing the complex ways one process or platform intertwines with another. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
What ‘Work From Home’ Means For Paper-Based AR Departments
March 18, 2020

There are many benefits to corporates’ digitization initiatives and cloud migrations – yet as today’s global markets are quickly realizing, there is one critical advantage: the ability to quickly adjust to work-from-home recommendations and mandates. Get the Full Story Complete the form to unlock this...

Payment Methods
Ireland‘s AIB Drops Plan To Charge For Contactless Payments
March 18, 2020

The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. 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
Baidu: AI Exceeds Human Natural Language Comprehension And Open Source Could Make It Even Better
March 18, 2020

Every consumer has gone through at least one iteration in their commercial life of the clunky, junky product search. 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...

Digital Banking
Why Mobile Card Apps Must Be More Than ‘A Nice Little Tool’ For FIs
March 18, 2020

While fast, explosive and unexpected change is almost impossible to miss — the global domino effect the coronavirus has kicked off being the most obvious recent example — change that happens more quietly and incrementally doesn’t quite set off the same type of alarm bells....