News

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

(source: pymnts.com)

Yelp Unveils AI-Powered Business Summaries
Yelp Unveils AI-Powered Business Summaries
January 30, 2024  |  Artificial Intelligence

Online business review forum Yelp has added more (artificial intelligence) AI-powered search tools. “For years, we’ve leveraged AI to help reduce consumers’ decision paralysis — from spotlighting...

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Nuvei Integrates Payments and AR Automation Into Microsoft Dynamics 365
Nuvei Integrates Payments and AR Automation Into Microsoft Dynamics 365
January 30, 2024  |  SMBs

Canadian FinTech company Nuvei launched its first integration into Microsoft Dynamics 365 Business Central. The integration will enable small- to medium-sized businesses (SMBs) to incorporate...

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Mastercard and BOK Financial Expand Payments Partnership
Mastercard and BOK Financial Expand Payments Partnership
January 30, 2024  |  Partnerships

Mastercard has launched an expanded payments partnership with Oklahoma’s BOK Financial. The collaboration, announced Tuesday (Jan. 30), makes Mastercard the exclusive payments network for BOK’s debit and commercial portfolios,...

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Kore.ai Gets $150 Million to Develop Conversational AI Platform
Kore.ai Gets $150 Million to Develop Conversational AI Platform
January 30, 2024  |  Investments

Kore.ai has raised $150 million to develop its conversational/generative artificial intelligence platform technology. The funding round, announced Tuesday (Jan. 30), was led by FTV Capital and included...

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D2C Brands Win With High-Income Shoppers
D2C Brands Win With High-Income Shoppers
January 30, 2024  |  eCommerce

As direct-to-consumer brands look to drive customer acquisition, high earners are their best customers. By the Numbers The PYMNTS Intelligence report “The Online Features Driving...

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Ramp Acquires Venue and Enhances Procurement Product
Ramp Acquires Venue and Enhances Procurement Product
January 30, 2024  |  Acquisitions

Ramp, a finance automation platform, acquired Venue, a procurement startup backed by Sequoia Capital. The strategic move expands Ramp’s procurement capabilities and marks an expansion...

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UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing’ 2023
January 30, 2024  |  Earnings

UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time...

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CSG Forte and Lendica Launch Embedded Lending for Software Vendors
CSG Forte and Lendica Launch Embedded Lending for Software Vendors
January 30, 2024  |  Loans

CSG Forte and Lendica have formed a strategic partnership to allow small and medium-sized businesses (SMBs) to borrow money directly from their software vendors instead...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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