News

Artificial Intelligence
What Superintelligent Sentience (AGI) Means for the AI Ecosystem
November 13, 2023

Last century, space was widely considered to be the final frontier. Now, the boundaries of human consciousness and the limits of our intellectual capability are widely viewed to be the richest liminal areas to plumb. OpenAI CEO Sam Altman is hoping to continue working with...

IPO
‘Down Rounds’ and Declining Valuations Signal Bumpy Road for FinTech IPO Index
November 13, 2023

The third quarter is newly in the rearview mirror. Earnings season still rolls on. The FinTech IPO Index, which chronicles the stock market performance of nearly four dozen names that seek to disrupt and foment innovation in everything from mortgage lending to buy now, pay later...

B2B Payments
Tranch Rolls Out Expanded B2B Payments Platform for Enterprise Clients
November 13, 2023

Tranch debuted an expanded version of its B2B payments platform to major enterprise clients in the United States. With the expanded product, law firms and other enterprise clients can leverage Tranch’s payment experiences for their own customers, the company said in a Monday (Nov. 13)...

Retail
As ‘Sensory-Friendly’ Store Hours Catch On, Walmart Expands 
November 13, 2023

Walmart has implemented its designated hours, known as “sensory-friendly hours,” for patrons across its entire U.S. network of stores.   Per the company’s announcement, between 8 and 10 a.m. local time, Walmart will replace the dynamic content on its TV walls with a static image. Additionally,...

Banking
Zelle Network Banks Begin Reimbursing Imposter Scam Victims
November 13, 2023

Banks that use payment app Zelle have reportedly started refunding customers victimized in imposter scams. According to a Monday (Nov. 13) report by Reuters, Zelle operator Early Warning Services (EWS) says the 2,100 firms on Zelle began in late June reimbursing customers tricked into sending money to crooks claiming to represent...

Artificial Intelligence
The Legal Industry Is Ripe for the Adoption of AI
November 13, 2023

Historical resistance to change In multiple ways, the legal industry is inherently resistant to disruptive change: It is bound by long-established ethical considerations, the sensitive nature of its work and a sophisticated lattice of rules and regulations. These factors have collectively served as a barrier...

Payments Innovation
Why Visa Is Talking About a Working Capital Network
November 13, 2023

Alan Koenigsberg, senior vice president and global head of large, middle market, treasury and working capital solutions at Visa, took note of the rapid shifts in payments and finance during an interview with Karen Webster. “If you feel a bit breathless, I think the whole...

B2B Payments
Diversifying Supply Chains Drives Demand for B2B Payments Choice
November 13, 2023

In this environment of “higher for longer” interest rates, chief financial officers recognize the need to prioritize payments innovation. As Bank of America Head of Global Payments in Global Transaction Services AJ McCray told Karen Webster, to improve cross-border transactions, they need to prioritize payments...

Retail
Ulta Beauty Limits Free Sample To Boost Loyalty
November 13, 2023

Who doesn’t love a free sample?    Enthusiasm for freebies has made them a marketing tool long-loved by retailers and brands, but are they truly effective?  As a tool to get your product out to the masses, it’s an approach designed to cast a wide...