News

Payment Methods
AppBrilliance Opens Pay-by-Bank Options for Closed-Loop Digital Wallets
July 29, 2024

When The Clearing House amended its rules on digital wallets in early May, few in the industry paid much attention. After all, it was little more than a footnote to its use cases. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
July 29, 2024

Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
OpenAI Director Says Artificial General Intelligence May Be 5 Years Out
July 29, 2024

How long will it take for artificial intelligence to be as smart as human beings? 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,...

Cross-border Payments
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
July 29, 2024

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions —...

Investments
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024

Accounting automation firm Rillet has raised $13.5 million to develop its platform. 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 this...

Artificial Intelligence
GenAI Giants Unleash New Models With More Business Capabilities
July 29, 2024

In a move that’s sending ripples through the tech and business worlds, Meta Platforms has unveiled its most advanced AI models yet, challenging industry leaders OpenAI and Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
AI Ethics Tackles Issues Arising From Machines Making Decisions
July 29, 2024

Imagine a world where machines make life-altering decisions about your health, your job prospects and even your freedom. That world isn’t science fiction — it’s already here. As artificial intelligence (AI) reshapes our lives, a new frontier is emerging: AI ethics. Get the Full Story...

Retail
Gift Card Scams Surge as Maryland Enacts Law Amid Federal Crackdown
July 29, 2024

Gift card scams are back in the news, with two federal agencies issuing warnings about their proliferation and one state now passing a law aimed at stopping its latest iteration called card draining, where scammers deplete the value of gift cards before they are used....

Artificial Intelligence
Anthropic Named ‘Best Performing’ LLM as AI Arms Race Intensifies
July 29, 2024

Generative artificial intelligence (AI) firm Galileo has released a new ranking of top large language models (LLMs). 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...