News

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

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Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
October 04, 2023  |  Partnerships

Fiserv has expanded its longstanding partnership with Swift to improve the speed and visibility of cross-border payments. The global provider of payments and financial services technology...

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SoftBank CEO: AI Will Surpass Human Intelligence by 2030
SoftBank CEO: AI Will Surpass Human Intelligence by 2030
October 04, 2023  |  artificial intelligence

The CEO of Japan’s SoftBank says artificial general intelligence is on the cusp of exceeding human knowledge. “Take advantage of it or be left behind,”...

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Nearly 12% of Americans See Incomes Decrease as Business Slows
Nearly 12% of Americans See Incomes Decrease as Business Slows
October 04, 2023  |  Economy

More and more Americans are seeing income levels drop, a new labor market survey shows. As Bloomberg News reported Wednesday (Oct. 4), a survey by Morning Consult finds that...

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Uber Adds Returns to Package Delivery Service
Uber Adds Returns to Package Delivery Service
October 04, 2023  |  Delivery

Uber’s package delivery service is now also a package return service. The delivery/ride-hailing giant announced Wednesday (Oct. 4) that it wants to help customers avoid...

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Squarespace Adds Payments to Serve the Needs of ‘Long Tail’ eCommerce Sellers
Squarespace Adds Payments to Serve the Needs of ‘Long Tail’ eCommerce Sellers
October 04, 2023  |  eCommerce

Dan Chandre, Squarespace vice president, head of Acuity and payments, told Karen Webster that a key to connecting merchants with his firm’s platform lies with...

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Instant Approval Helps Banks Streamline the KYB Process
Instant Approval Helps Banks Streamline the KYB Process
October 04, 2023  |  Bank Regulation

Scott Steinberg, chief operating officer of Enigma Technologies, said there has been an evolution of know your business (KYB) practices — and there’s increased urgency...

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Blue Apron and SmileDirectClub Prove Profits Are Ultimate Test for Subscription Firms
Blue Apron and SmileDirectClub Prove Profits Are Ultimate Test for Subscription Firms
October 04, 2023  |  Subscription Commerce

A hallmark of subscription startups has always been the lure of recurring revenues.  A recurring theme has also been that profits are elusive — and sometimes...

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Next-Level Care: Generative AI Poised for $22B Growth in Healthcare
Next-Level Care: Generative AI Poised for $22B Growth in Healthcare
October 04, 2023  |  Artificial Intelligence

The generative artificial intelligence (AI) market for healthcare is valued at more than $1 billion as of 2022, and it is projected to swell to...

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Is Sustainability Truly Sustainable for Retailers? 
Is Sustainability Truly Sustainable for Retailers? 
October 04, 2023  |  Retail

Projections suggest that the resale industry will surge to $53 billion in 2023. Interestingly, prominent players like The RealReal have yet to achieve profitability. While the specific...

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