News

Alternative Finances
HSBC and Tradeshift Target B2B Embedded Lending Opportunity With New Venture
October 03, 2024

HSBC has launched an embedded finance venture aimed at its business clients. 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 daily newsletter, PYMNTS Today. By completing...

Payments Innovation
Thredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
October 03, 2024

For decades, the “classic” four-party model dominated card payments — where the quartet was comprised of the cardholder, the merchant, the acquirer and an issuing bank. Acquirers process the payment for merchants while issuing banks issue the card to the holder. Get the Full Story...

International
Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
October 02, 2024

Reuters reported late Wednesday that a Moscow court has frozen $372 million in assets held by Bank of New York Mellon and JPMorgan Chase. The funds were held in accounts at the Russian branches of Citibank and JPMorgan Chase Bank. The court order, issued Wednesday...

Retail
Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
October 02, 2024

In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating turbulent waters amid investor pressures and a stock price that seems to be on a downward spiral. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Scientists Develop AI They Say Defeats Widespread eCommerce Authentication Method
October 02, 2024

Artificial intelligence can now solve Google’s reCAPTCHAv2 with 100% accuracy, according to new research, possibly rendering a critical online security measure obsolete and forcing eCommerce platforms to rethink user authentication. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
October 02, 2024

Fidelity raised $250 million for its first fund devoted to venture capital. 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 daily newsletter, PYMNTS Today. By...

Payment Methods
Venmo Prepares to Roll Out Scheduled and Repeat Payments Feature
October 02, 2024

Venmo is reportedly giving users an easier way to make repeat or scheduled 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 daily newsletter, PYMNTS Today....

IPO
Report: JPMorgan Chase Says Private-Equity Backed IPO Market Is Favorable
October 02, 2024

A top banker at JPMorgan Chase said that the initial public offering (IPO) market for companies backed by private equity firms is heating up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Competition for Early Holiday Shoppers Won’t Start With Black Friday
October 02, 2024

As the holiday shopping season approaches, retailers are rolling out early sales strategies to capture consumer spending against a backdrop of economic uncertainty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...