News

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

(source: pymnts.com)

Europe’s AI Paradox: Slow Adoption, Big Ambitions
Europe’s AI Paradox: Slow Adoption, Big Ambitions
May 02, 2024  |  artificial intelligence

Despite Europe’s reputation as a tech laggard, a cadre of companies is making big bets on artificial intelligence (AI).  While the region has been slow to...

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Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

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Mastercard Expands Start Path Program to Boost Payment Acceptance
Mastercard Expands Start Path Program to Boost Payment Acceptance
May 02, 2024  |  Mastercard

Mastercard has welcomed six startups to its Start Path program focused on improving payment acceptance. “The ability to accept electronic payments has been critical to...

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Visa Stresses Education as Small Businesses Confront Fraud Vulnerabilities
Visa Stresses Education as Small Businesses Confront Fraud Vulnerabilities
May 02, 2024  |  Fraud Attack

Most crimes, as the saying goes, are crimes of opportunity. And that’s bad news for small businesses, whose lack of resources and challenges when accessing...

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Are Real-Time Payments Near an Inflection Point? Bank of America Thinks So
Are Real-Time Payments Near an Inflection Point? Bank of America Thinks So
May 02, 2024  |  Real-Time Payments

Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as...

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Data Revolution Adds Stability to Uncertain Financial Transactions
Data Revolution Adds Stability to Uncertain Financial Transactions
May 02, 2024  |  Opinion

In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card...

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Enterprise AI May Have an Energy Crisis
Enterprise AI May Have an Energy Crisis
May 02, 2024  |  Artificial Intelligence

While artificial intelligence has taken the world by storm, its rise hasn’t come cheap. “The consequence of multimodal AI is that the amount of data...

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If You’re Happy and You Know It, You Must Be Small
If You’re Happy and You Know It, You Must Be Small
May 02, 2024  |  David S. Evans

Finland did it again.  The World Happiness Report (WHR) came out in March. For the seventh straight year, it was No. 1. Keeping the top spot...

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DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience
DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience
May 01, 2024  |  Earnings

DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail...

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