News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Meta Offers Advertisers Escape From Apple’s 30% Service Charge
Meta Offers Advertisers Escape From Apple’s 30% Service Charge
February 15, 2024  |  Meta

Meta said it is giving advertisers a way to avoid Apple’s 30% service charge. Businesses that use boosted posts on Meta’s Facebook and Instagram platforms...

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SVB Adds Bankers as Anniversary of Its Failure Nears
SVB Adds Bankers as Anniversary of Its Failure Nears
February 15, 2024  |  Banking

While other lenders are cutting staff, Silicon Valley Bank (SVB) is reportedly hiring. The financial institution, whose failure in March of 2023 set off a larger banking...

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Google Debuts Improved Version of Gemini AI Tool
Google Debuts Improved Version of Gemini AI Tool
February 15, 2024  |  Artificial Intelligence

One week after its rebrand as “Gemini,” Google’s artificial intelligence tool received a new update dubbed “Gemini 1.5.” “Gemini 1.5 delivers dramatically enhanced performance,” Demis...

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US Bank Taps Pagaya’s Credit Intelligence Network for Personal Loans
US Bank Taps Pagaya’s Credit Intelligence Network for Personal Loans
February 15, 2024  |  Banking

U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks...

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NMI Debuts Embedded Payments Offering
NMI Debuts Embedded Payments Offering
February 15, 2024  |  Payments Innovation

Payments technology company NMI has debuted a new embedded payments solution. NMI Payments, announced Thursday (Feb. 15), is designed for software companies, independent sales organizations (ISOs) and payment professionals,...

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OCC Closes Sales Practices Consent Order Against Wells Fargo
OCC Closes Sales Practices Consent Order Against Wells Fargo
February 15, 2024  |  Regulation

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound...

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Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
February 15, 2024  |  Artificial Intelligence

Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them...

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Mytheresa Focuses on Big Spenders Over Deal Seekers
Mytheresa Focuses on Big Spenders Over Deal Seekers
February 15, 2024  |  Earnings

As consumers’ financial pressures continue, luxury eCommerce platform Mytheresa is resisting the trend of catering to those seeking offers and discounts, instead increasing its focus...

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Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
February 15, 2024  |  Fraud Prevention

Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023....

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