News

Cross-border Payments
PayPal Launches in China; Will Support Cross-Border Payments
September 26, 2024

PayPal launched its PayPal Complete Payments platform in China, saying the solution will streamline payment and receivables processes for businesses of all sizes and support their cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
September 26, 2024

Artificial intelligence is transforming the financial sector, with regulators highlighting potential “uninsurable” risks while innovative applications emerge in small business money management and mathematical problem-solving. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Report: OpenAI Plans to Restructure and Become For-Profit Benefit Corporation
September 25, 2024

OpenAI reportedly plans to restructure its core business into a for-profit benefit corporation that won’t be controlled by its nonprofit board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Point of Sale
Lightspeed Commerce Engages in Discussions of ‘Potential Strategic Alternatives’
September 25, 2024

Lightspeed Commerce responded to media reports of a potential sale of the company, saying that it periodically undertakes a strategic review of its business and that it does not intend to disclose more information except as required by its regulatory obligations. Get the Full Story...

Banking
LatAm Draws FinTechs Seeking to Transform Digital Banking
September 25, 2024

Digitally savvy, younger consumers with mobile devices in hand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Banking
Mercado Pago Applies for Banking License in Mexico
September 25, 2024

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Artificial Intelligence
OpenAI Chief Technology Officer Mira Murati to Leave Company
September 25, 2024

OpenAI Chief Technology Officer Mira Murati said Wednesday (Sept. 25) that she is leaving the company after 6½ years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Artificial Intelligence
How Meta’s AI Advancements May Impact Social Commerce
September 25, 2024

Meta’s latest AI upgrades, unveiled at its annual Connect conference, could change online shopping through voice-activated assistants and image-recognition technology on social media platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Microsoft’s Nuclear Deal Could Spark New Market for AI Power
September 25, 2024

Microsoft has ignited a potential new energy market by signing a 20-year agreement to reactivate the dormant Three Mile Island nuclear plant in Pennsylvania.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...