News

Artificial Intelligence
New Data: GenAI Emerges as Effective Weapon in Banks’ War to Reduce False Positives
June 28, 2024

Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and limited adaptability. Predictive artificial intelligence (AI) improves on this by reducing false positives and adapting to new schemes using machine...

Retail
Kleinfeld Owner Says the On-Demand Economy Catches Up to Weddings
June 28, 2024

With consumers increasingly expecting to be able to get anything they want, when they want it, bridal retail is picking up the pace, according to Kleinfeld Bridal, the wedding retailer from TLC’s “Say Yes to the Dress.” Get the Full Story Complete the form to...

Fintech Investments
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for the Week
June 28, 2024

The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
New Episode: GenAI Helps Small Business Play Big on a Global Stage
June 28, 2024

What’s the most precious resource for a small business? Arguably, there are three: capital, customers and time. 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...

Retail
Nike Reports Continued Channel Shift From D2C to Wholesale
June 27, 2024

Nike continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. 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,...

Investments
KarmaCheck Raises $45 Million for Background Check, Credentialing Platform
June 27, 2024

KarmaCheck has raised $45 million in a Series B funding round to accelerate the development of its technology-based solution for background checks, credentialing and compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
This Week in B2B: Digital Innovation, Data-Driven Insights, FinTech Partnerships
June 27, 2024

Interoperability is viewed by many to be the holy grail of business-to-business (B2B) innovation. 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...

B2B Payments
Medius Debuts AI-Powered Accounts Payable Tools
June 27, 2024

Accounts payable (AP) management firm Medius has introduced a pair of artificial intelligence (AI)-powered offerings. 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....

Artificial Intelligence
OpenAI Unveils Content Deal With Time Magazine
June 27, 2024

OpenAI and Time announced a multi-year content partnership. 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, you...