News

Payment Methods
75% of Consumers Who Use Online Bank Transfers Worry About Fraud
April 13, 2023

As online bank transfers grow in popularity, consumer understanding of the service has a growth curve of its own, and security is among the key areas where customers need reassurance and acknowledgment of the issues around using bank transfers as a payment method. As analyzed...

B2B Payments
Emburse and Omnia Debut Travel and Expense Management Tools
April 13, 2023

Emburse has joined with Omnia Partners to offer public sector travel and expense management solutions. This collaboration will make Emburse’s travel and expense management solutions available to Omnia Partners’ cooperative participants, including more than 115,000 state and local government agencies and educational institutions, the companies...

B2B Payments
Ascend and Stormloop Partner to Help Workday Users Optimize Processes
April 13, 2023

Ascend AP Automation and Stormloop Technologies have partnered to help Workday Financial Management users. The collaboration will bring together Ascend AP Automation’s accounts payable automation technology and Stormloop Technologies’ consultancy services to help businesses that use Workday Financial Management optimize and streamline their enterprise resource...

Artificial Intelligence
Bloomberg Develops Generative AI Model Trained on Financial Data
April 13, 2023

Bloomberg LP plans to add artificial intelligence (AI) features that answer questions about business. The new BloombergGPT generative AI model, which will be integrated into the firm’s terminal software, can also replace company names with stock tickers, identify names in documents, write headlines and determine...

Mobile Payments
Poland’s Blik Expanding Mobile Payment Offering Across EU
April 13, 2023

Polish mobile payments company Blik has reportedly begun an international expansion. The startup — whose popularity in its home country has matched that of Apple and Google’s payment apps — wants to become accessible across the European Union, CEO Dariusz Mazurkiewicz said in a Thursday...

Social Commerce
Twitter Taps eToro to Let Users Trade Assets
April 13, 2023

Twitter has teamed with social investment platform eToro to let users trade financial assets. “Very excited to be launching a new $Cashtags partnership with @Twitter which will enable Twitter users to see real-time prices for a much wider range of stocks, crypto & other assets...

Retail
Madison Reed Expands ‘Uniquely Curated’ Membership and Rewards Programs
April 13, 2023

Hair color brand Madison Reed has expanded its membership and rewards programs. The firm now offers one free and one paid program for those who color at home, and two paid programs for those who color at a Hair Color Bar, Madison Reed said in...

Retail
Rent the Runway Sees Renewed Traction as Rentals Have a Moment
April 13, 2023

Earlier this month, PYMNTS discussed the momentum behind resale as sustainability has come to the forefront for consumers. Now the rental market, while not a new concept, is hoping for the same type of traction. In a recent presentation to investors, Rent the Runway (RTR)...

Retail
Food Brands HelloFresh and Truff Tap Nostalgia to Drive Sales
April 13, 2023

Brand collaborations such as HelloFresh and Marvel or Truff and Nintendo’s Super Mario Bros. can be perceived as trendy marketing tactics, an innovative way to reach new customers. While on the surface these collaborations simply seem cool, they’re much more strategic than meets the eye....