News

Payment Methods
Link Money and Alternative Airlines Introduce A2A Payment Option
August 16, 2023

Link Money and Alternative Airlines have joined forces to offer U.S. travelers a new and convenient way to pay for flights. This partnership aims to provide a seamless open banking payment experience, allowing customers to make payments directly from their bank accounts, the companies said in a Tuesday...

Security & Fraud
Discord.io Shuts Down After Mass Data Breach
August 16, 2023

A massive data breach has shuttered  Discord.io, an online messaging platform used by Discord members. “On the night of the 14th of August, Discord.io suffered a major data breach, resulting in content from our database being leaked to unknown actors,” said a message on the website Tuesday...

Cross-border Payments
Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
August 16, 2023

Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by traditional financial institutions when it comes to their own cross-border payments and international expansion goals. “Most of the companies in...

Fintech Investments
FinTech IPO Index Offers Directory of ‘Who’s Who’ for Bank Partnerships, M&A
August 15, 2023

At first glance, it might seem incongruous to mention the PYMNTS FinTech IPO Index and banks and M&A in the same sentence. The index itself is up 32% year to date.  And so the logic might follow that if stock is currency on Wall Street —...

Retail
Petco Teams With Ollie to Offer Dogs Human-Grade Meals
August 15, 2023

Petco has teamed with dog nutrition brand Ollie to bring human-grade dog food to Petco customers. The partnership, announced Tuesday (Aug. 15), offers pet parents access to a service previously available only via online, direct-to-consumer subscription, making Petco the first nationwide pet retailer selling Ollie’s...

Artificial Intelligence
Google Set to Launch Next-Generation AI Model This Fall
August 15, 2023

Google is ready to launch its next-generation artificial intelligence (AI) foundation model, Gemini, this fall. The tech giant aims for Gemini to become the force that powers chatbot Bard, which competes with the likes of ChatGPT from Microsoft-backed OpenAI, as well as enterprise applications such as Google Docs and Slides, Seeking Alpha reported Tuesday (Aug. 15), citing...

Social Commerce
X Plans to Wind Down Promoted Accounts Offering
August 15, 2023

X, formerly known as Twitter, is ending its promoted accounts offering. Promoted accounts, which are also known as “Follower Objective” ads, are one of the platform’s oldest ad formats and generate $100 million of its annual revenue, Axios reported Tuesday (Aug. 15), citing an unnamed...

Banking
Fitch Warns That Even JPMorgan Isn’t Immune to Downgrading
August 15, 2023

America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants like JPMorgan Chase. Wolfe said Fitch lowered its assessment of the banking sector’s health in June,...

Retail
7-Eleven Australia Taps Frictionless Checkout as Shoppers Demand Convenience
August 15, 2023

7-Eleven Australia is gearing up to roll out frictionless checkout in an effort to meet convenience store customers’ need for speed.   In an emailed press release, the Australian branch of the global convenience retail giant shared that it is partnering with checkout technology company Grabango....