News

Payment Methods
Push to Card Offers Cost, Speed Benefits For Global Money Transfers
September 14, 2023

In the quest to make end-to-end money movement faster, secure and frictionless across borders, Ruben Salazar, Global Head of Visa Direct and Abdul Abdulkerimov, Paysend chairman and co-founder, say simplicity is key. That shared goal is a key part of the reason why Visa and Paysend are strengthening their...

Security & Fraud
How AI Helps Banks Win the Escalating Fraud Arms Race
September 14, 2023

If the pace of innovation today were an athlete, it would be Usain Bolt. That’s how fast the world is changing as new technologies are successfully introduced. But for every great and positive innovation taking place around the world today, there is an equal and...

Delivery
Albertsons Announces 30-Minute Delivery as Grocers Drive Direct Orders
September 14, 2023

With third-party aggregators looking to drive grocery sales, Albertsons Companies is fighting back, offering new options to maintain consumers’ direct digital loyalty. The grocery giant announced Wednesday (Sept. 13) the launch of 30-minute pickup and delivery, calling the service Flash, at more than 2,000 stores...

Security & Fraud
Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
September 13, 2023

Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately $15 million to the hackers. The company is expected to disclose this cyberattack in a Securities and Exchange Commission (SEC)...

B2B Payments
Zoho Launches Flexible Billing Platform
September 13, 2023

Zoho has introduced Zoho Billing, an expanded version of its current application, Zoho Subscriptions. The new Zoho Billing is designed to provide growing businesses with greater flexibility in their billing operations, allowing them to experiment with pricing strategies and quickly enter the market, the global technology company...

Artificial Intelligence
AI Firms Look to Placate Their Governments as US Eyes Legislation
September 13, 2023

It has been a packed week in Washington for generative artificial intelligence (AI). Senate Majority Leader Chuck Schumer of New York kicked off his series of closed-door, bipartisan “AI Insight Forums” Wednesday (Sep. 13). Twenty-two tech leaders and AI experts, among them some of the...

eCommerce
Consumers Are Increasingly Going to Supermarkets Only to Buy Food
September 13, 2023

As eCommerce picks away at brick-and-mortar grocers’ share of center-aisle sales, shoppers are increasingly seeing the supermarket as a place to buy just food — not all the day-to-day basics they need to get through the week — PYMNTS Intelligence reveals. By the Numbers For...

Banking
BofA Expands SafeBalance as Consumers Struggle With Overdrafts
September 13, 2023

Bank of America is expanding the requirements of its SafeBalance checking account plan. The account, introduced in 2014, lets customers manage their finances with no overdraft fees. Starting in November, the bank announced Wednesday (Sept. 13), accountholders who maintain a minimum daily balance of $500 or more will...

Cross Border Commerce
Visa and Currencycloud Collaborate to Enhance Cross-Border Money Movement
September 13, 2023

Visa and Currencycloud have joined forces to introduce a suite of products that aims to simplify cross-border money movement for various institutions. The collaboration combines Visa’s existing cross-border capabilities with Currencycloud’s expertise in multi-currency business facilitation, Visa said in a Wednesday (Sept. 13) press release emailed to PYMNTS....