News

Investments
Sapphire Ventures Announces $1 Billion Investment in AI-Powered Enterprise Technology
July 11, 2023

Sapphire Ventures has committed an investment of more than $1 billion to cultivate the next generation of artificial intelligence (AI)-powered enterprise technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
July 11, 2023

The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
FTC Warns About Scammers Impersonating Agency Staff
July 11, 2023

The Federal Trade Commission (FTC) is warning consumers to be wary of scammers pretending to be staff members. 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...

B2B Payments
American Express Global Business Travel Simplifies Structure to Reduce Compliance Costs
July 11, 2023

American Express Global Business Travel has begun eliminating its umbrella partnership-C corporate (UP-C) structure. 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....

Artificial Intelligence
Salesforce Debuts AI Products and Raises List Prices
July 11, 2023

After seven years of no increase in list prices, Salesforce will be increasing the average list price globally by 9% in August. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
End of an Era at Google DeepMind Hints at New Future for AI
July 11, 2023

Generative artificial intelligence (AI) as we know it began in earnest in 2017. 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....

Regulation
CFPB Fines Bank of America $250 Million Over Junk Fees
July 11, 2023

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. 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
Checkout.com Introduces AI-Powered Video ID Verification Tool
July 11, 2023

Checkout.com says it is using artificial intelligence to onboard customers in under two minutes. 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....

Retail
Brands Realize They Can’t Go It Alone, Overhaul D2C Focus 
July 11, 2023

The direct-to-consumer (D2C) playbook really had a moment. It even had staying power through the pandemic as it provided brands with a way to reach consumers directly, bypassing traditional distribution channels and establishing a closer connection with their audience. D2C strategies enabled companies to control...