No one (other than PYMNTS readers) wakes up thinking about payments or money movement. Rather, it is what’s on the other side of the transaction — typically goods or services — that is top of mind. And it’s across the infrastructure enabling that transaction and...
Regulations over data, how it’s accessed and used — and especially, safeguarded — are changing rapidly. And they’ll keep changing. In one recent example, the Consumer Financial Protection Bureau proposed a rule tied to open banking, which seeks, in part, discussion and regulation of data sharing...
Innovations in payments have paved the path to progress throughout history. And while the journey has not been a linear one, it is increasingly becoming a digital one. “The technology and payments infrastructure is there in most global markets,” Eric Shoykhet, co-founder and CEO of...
UPS plans to acquire Happy Returns, a software and reverse logistics company, to expand its returns footprint and enhance its digital solutions. This deal aims to address the long-standing challenges faced by both shoppers and retailers in the returns process, the companies said in a Wednesday (Oct....
The drumbeat of recent announcements shows more merchants lining up to offer pay-by-bank options. But it will be consumers who provide the momentum — and much depends on how comfortable they are with having funds pulled straight from their accounts. In terms of the pay-by-bank...
FinTech firms’ products and services provide benefits that far exceed the risks they pose. So said Rep. French Hill of Arkansas, chairman of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, during opening remarks delivered Wednesday (Oct. 25) before the hearing,...
Financial operations platform BILL has introduced new capabilities for small businesses and accounting firms. The San Jose company announced Wednesday (Oct. 25) that it was rolling out automation technology to help small and medium-sized businesses (SMBs) and accounting practices gain more control over and visibility into their accounts payable...
BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank’s earlier debut of its OneFX solutions suite. “Today, the investment management industry often manages portfolios across several providers resulting in an inconsistent FX...
Amazon Ads introduced a new generative artificial intelligence (AI) solution for image generation, aimed at helping advertisers enhance their ad campaigns and create more engaging content. Now in beta, this image generation tool enables brands to produce lifestyle imagery that improves the performance of their...
