News

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

(source: pymnts.com)

Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
April 23, 2024  |  Earnings

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance...

READ MORE >
Square Expands Offline Payments to Entire Hardware Lineup
Square Expands Offline Payments to Entire Hardware Lineup
April 23, 2024  |  Payments Innovation

Square has expanded the availability of offline payments to every hardware device, in every country. The company has offered this no-connection-required solution for 10 years on some of...

READ MORE >
Brightwell Launches Cross-Border Payment Platform Focused on Reimbursements
Brightwell Launches Cross-Border Payment Platform Focused on Reimbursements
April 23, 2024  |  Cross-border Payments

Brightwell has launched a platform designed to let businesses deliver cross-border payments to their customers. The new Latitude platform does so based on the customer’s currency, location and payment...

READ MORE >
Shopify Aims to Reward Employees’ Improvements of Craft
Shopify Aims to Reward Employees’ Improvements of Craft
April 23, 2024  |  Personnel

Shopify reportedly plans to base raises on numerical scores assigned to employees based on their skill level. Employees will be eligible for a raise only...

READ MORE >
Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55% 
Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55% 
April 23, 2024  |  Earnings

There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing...

READ MORE >
Standard Chartered and Visa Partner on Cross-Border B2B Payments
Standard Chartered and Visa Partner on Cross-Border B2B Payments
April 23, 2024  |  B2B Payments

Standard Chartered has partnered with Visa to facilitate cross-border B2B payments for the bank’s corporate clients.  The bank has joined the Visa B2B Connect multilateral payment network and has...

READ MORE >
Visa CEO: ‘Long Runway’ Ahead as Digital Payments, Credentials Displace Cash and Checks 
Visa CEO: ‘Long Runway’ Ahead as Digital Payments, Credentials Displace Cash and Checks 
April 23, 2024  |  VISA

Visa is seeing continued momentum in Tap to Pay and digital credential issuance, as consumers continue to spend on their debit and credit cards. CEO...

READ MORE >
AI to Boost Weather Forecasts, Businesses Hope for Profits
AI to Boost Weather Forecasts, Businesses Hope for Profits
April 23, 2024  |  artificial intelligence

Advancements in artificial intelligence (AI) may drastically improve the accuracy of weather predictions, potentially increasing profits for businesses that rely on forecasting. Google has introduced...

READ MORE >
Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business
Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business
April 23, 2024  |  artificial intelligence

Smaller artificial intelligence (AI) models, like Microsoft’s recently unveiled Phi-3-mini, are proving that bigger isn’t always better for business applications. These lightweight, efficient models can tackle content creation and data analysis...

READ MORE >