News

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

(source: pymnts.com)

BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments
BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments
May 02, 2024  |  Earnings

The number of small- to medium-sized businesses (SMBs) using BILL’s solutions to digitize their operations and adopt electronic payments increased by 10,000 over the past...

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AI Eases Coding, Paving the Way for Swifter Business Innovation
AI Eases Coding, Paving the Way for Swifter Business Innovation
May 02, 2024  |  artificial intelligence

From Silicon Valley startups to tech giants, artificial intelligence (AI) is rapidly transforming the art of computer programming. It offers developers a powerful new toolkit...

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Block Sees Both Banking and Bitcoin Driving Future Growth 
Block Sees Both Banking and Bitcoin Driving Future Growth 
May 02, 2024  |  Earnings

Block, owner of Cash App and Square, is also a huge owner of bitcoin.  This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment...

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Mercado Libre’s Investments in Mexico Propel Earnings
Mercado Libre’s Investments in Mexico Propel Earnings
May 02, 2024  |  Earnings

Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its...

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Microsoft Bans Police Use of AI Service for Facial Recognition
Microsoft Bans Police Use of AI Service for Facial Recognition
May 02, 2024  |  artificial intelligence

Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this...

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Big Innovations Powering Small Business Growth Dominate This Week in B2B
Big Innovations Powering Small Business Growth Dominate This Week in B2B
May 02, 2024  |  B2B Payments

It is National Small Business Week in the U.S., and the spotlight is on business-to-business (B2B) innovation.  That’s why PYMNTS spent Monday (April 29) unpacking how small businesses...

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New UK Law Spotlights Weak Security Features in Smart Devices
New UK Law Spotlights Weak Security Features in Smart Devices
May 02, 2024  |  Cybersecurity

Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security...

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Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024  |  Economy

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last...

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Chase’s New SMB Offerings Point to Appeal of Ad Hoc Real-Time B2B Payments
Chase’s New SMB Offerings Point to Appeal of Ad Hoc Real-Time B2B Payments
May 02, 2024  |  Real-Time Payments

In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of...

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