The opportunities and pitfalls of generative artificial intelligence (AI) have yet to be fully felt by businesses, no matter the vertical. But as Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS’ Karen Webster, the past several months have given businesses a chance to take stock of...
A growing share of European taxi drivers’ business is coming from Uber. The share of these taxi drivers’ rides that are booked on the platform has risen from 5% a year ago to 10% today, Reuters reported Monday (May 29). Uber and European taxi drivers...
British eCommerce shoppers still show a much stronger preference for at-home delivery, as local demand for curbside and in-store pickup options — or “click and collect” — in the U.K. remains stagnant year over year. In fact, according to data from the U.K. edition of the “Global Digital Shopping...
The storied teenage tradition of the mall hangout could be coming to an end. Malls, movie theaters and other businesses around the country are increasingly imposing rules requiring teenagers to be accompanied by adult chaperones, The Associated Press reported Sunday (May 28). The reason? Bad behavior...
America’s consumer watchdog is among the many organizations beefing up its artificial intelligence (AI) safeguards. In an interview with The Associated Press on Friday (May 26), Consumer Finance Protection Bureau (CFPB) Director Rohit Chopra said his agency has “already started some work to continue to muscle up...
When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security. This topic is analyzed in Consumer Authentication Preferences for Online Banking and Transactions, a PYMNTS and Entersekt collaboration, based on a survey...
JPMorgan Chase has reportedly cut 500 positions, most being technology and operations roles. The cuts were made this week and across the bank’s divisions, CNBC reported Friday (May 26), citing unnamed sources. At the same time, JPMorgan Chase is looking to fill 13,000 open positions, according to the...
—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other....
Good people have always been the key to good business. For firms looking to expand into new markets and gain a greater share of the landscape relative to their competition, hiring employees internationally offers attractive access to a larger talent pool as well as new...
