News

Investments
SVB Collapse Creates Question Mark for Venture Debt
April 10, 2023

What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field. When the...

Retail
PC Shipments Suffer ‘Precipitous Drop’ in Q1
April 10, 2023

Shipments of personal computers fell earlier this year amid the economic downturn. That’s according to a report issued Sunday (April 9) by market research firm IDC, which found that worldwide personal computer (PC) shipments fell 29% year over year during the first three months of...

Payments Innovation
An Industry Insider on Why Once B2B Goes Digital, It Won’t Go Back
April 10, 2023

With businesses looking for ways to reduce costs and increase growth, legacy B2B payment systems are rapidly giving way to digital platforms that can accelerate transactions, improve cash flow and streamline compliance, says Mangopay’s Luke Trayfoot.

Payment Methods
Payments Execs Say Q1 ’23 Forced a New Kind of Reality Check
April 10, 2023

While some dark first-quarter 2023 recessionary imaginings came to pass — witness the tech job cuts and the collapse of important financial institutions — so far, 2023 isn’t the apocalypse many expected. Rather, it’s become a time to turn introspection into innovation and action. PYMNTS...

Payment Methods
Fed Says FedNow Early Adopters Pave Path to Instant Payments
April 10, 2023

Three months until the U.S. payments ecosystem changes forever. In July, the long-awaited FedNow service launches, and its real-time rail will speed up money movement between accounts, transform bill payments and bring instant payments to a variety of use cases yet to be imagined. As...

Retail
Whole Foods Looks to Sate Consumer Hunger for Prepared Meals
April 09, 2023

Whole Foods is reportedly considering opening commercial kitchens amid rising consumer demand for prepared foods. The Amazon-owned grocer would launch these kitchens to make meals for its food bars and refrigerated cases, The Wall Street Journal reported Sunday (April 9), citing people familiar with the...

Payment Methods
Report: Russians Find US Payments Sanctions Hard to Sidestep
April 09, 2023

One year after the world sanctioned their country, Russians have gotten creative in finding payment solutions. That’s according to a report Sunday (April 9) by the Financial Times (FT), which looks at the challenges of getting around U.S. dominated payment systems in the wake of...

Artificial Intelligence
GoDaddy Releases Prompts That Make Generative AI Tools Business Consultants
April 07, 2023

GoDaddy has released prompts small business owners can use with generative artificial intelligence (AI) tools. The new Small Business Generative AI Prompt Library includes prompts that can turn tools like OpenAI’s ChatGPT, Google’s Bard and Microsoft’s Bing AI into marketing copywriters, social media experts and...

Artificial Intelligence
Shipping Sector Finds Smarter Ways to Operate Using Generative AI
April 07, 2023

There is nothing simple about moving goods from point A to point B. The logistics space is not only fundamental to the conveniences of modern life, critical for facilitating global trade, and foundational to international business, but it has also served as one of humanity’s...