News

Investments
PayGround Raises $19.7 Million to Grow Healthcare Payments Platform
November 28, 2023

PayGround raised $19.7 million in a Series A funding round to support the growth of its healthcare payments platform. The company will use the capital to expand into hospitals and health systems, building on its success in the ambulatory market, and add to its senior...

Retail
Cyber Monday Spending Projected to Reach Record $12 Billion
November 28, 2023

This year’s Cyber Monday spending is projected to top $12 billion as consumers seek deals. That spending amount — a record — marks a 9.7% increase over last year, Reuters reported Tuesday (Nov. 28), citing data from Adobe Digital Insights. A third of that spending...

Digital Banking
Revolut Nets Perfect Score in PYMNTS Provider Ranking of Digital Banking
November 28, 2023

Managing your finances has never been easier, with smartphones closing the gap between you and your money. But with a plethora of apps to choose from, deciding where to park your cash can be daunting. PYMNTS Provider Rankings of Digital Banking offers you a way...

Artificial Intelligence
AI Systems That Master Math Will Change the World
November 28, 2023

The world may never know just what happened at OpenAI during last week’s whirlwind. After the headline-grabbing drama, CEO Sam Altman was reinstated without a board seat; the company’s chief scientific officer, Ilya Sutskever, returned to his post; and the nonprofit’s board of directors was...

B2B Payments
Billtrust Adds Enhanced Visibility to AR Platform
November 28, 2023

Billtrust has added a new interface to its artificial intelligence (AI)-powered accounts receivable (AR) platform that provides enhanced AR visibility, a new Days to Pay Index and a unified user experience. These new capabilities are designed to help chief financial officers achieve a unified order-to-cash...

Artificial Intelligence
Multitasking in the Voice Economy Is Being Reshaped by Gen AI
November 28, 2023

It has become commonplace to say that generative artificial intelligence will upend, well, everything. The rise of AI and a range of hyper-enabled chatbots and voice functions is changing the digital assistant game at a time when consumers are multitasking and leaning on technology to...

B2B Payments
Webexpenses Partners With Wise Platform to Provide Multi-Currency Expense Solution
November 28, 2023

Webexpenses, a supplier of cloud-based financial management software, has partnered with cross-border payment network Wise Platform to provide a seamless and efficient expense solution across multiple currencies. With the integration of Wise Platform, Webexpenses customers can now manage and pay their expenses directly from the...

Biometrics
Amazon Debuts Palm-Based ID Service Amazon One Enterprise
November 28, 2023

Amazon is bringing its palm-based identity service to the world of corporate security. Amazon Web Services (AWS) announced Monday (Nov. 27) the debut of Amazon One Enterprise, a contactless security tool designed to grant entry to places like offices, airports, hotels and educational facilities. “Today, organizations authenticate employees...

Faster Payments
Study Finds More Instant Payment Options Increase Customer Satisfaction
November 28, 2023

Using instant payment methods can streamline the payment process and improve overall customer satisfaction, making consumers 11% more satisfied and nearly double their likelihood to remain as clients when instant payments are free. A PYMNTS Intelligence research study in collaboration with Ingo Money found that...