News

Investments
Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
October 30, 2024

Payments platform Airwallex is reportedly in discussions to raise $200 million. 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...

Artificial Intelligence
AI Speech Tools Stumble as Hallucination Problems Persist
October 29, 2024

In a troubling discovery for businesses racing to automate customer service, OpenAI’s popular Whisper transcription software has been caught adding fabricated text to conversations, including potentially harmful content that speakers never uttered. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Paysafe and Deutsche Bank to Enable Cash Services at Retailers
October 29, 2024

Paysafe and Deutsche Bank have partnered to enable the bank’s customers in Germany to deposit and withdraw cash to and from their bank accounts at 12,500 participating retail locations across the country. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Mastercard Teams With Databricks on GenAI Assistant
October 29, 2024

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. 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...

Retail
The Vitamin Shoppe Embraces Digital Transformation for Enhanced Customer Journeys
October 29, 2024

The Vitamin Shoppe is strategically striving to elevate its customer experience, using tech to create a more personal omnichannel shopping experience that the company hopes will strengthen consumer loyalties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
Report: xAI Aims to Raise ‘Several Billion Dollars’
October 29, 2024

Elon Musk’s xAI reportedly aims to raise “several billion dollars” in a funding round that would value it around $40 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Shopify Finance Streamlines Merchant Payments, Bill Pay and Credit
October 29, 2024

Shopify has introduced Shopify Finance, a hub housing all of the eCommerce platform’s financial solutions. 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...

Cross-border Payments
Why Cross-Border Payments Innovation Starts and Ends With Ledger Technologies
October 29, 2024

In the history of finance, few tools are as fundamental as the all-mighty ledger. 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...

Cross-border Payments
BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
October 29, 2024

The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. 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...