News

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

(source: pymnts.com)

Who’s Going to Get Fitness-as-a-Service Right? 
Who’s Going to Get Fitness-as-a-Service Right? 
October 03, 2023  |  Fitness

Peloton and Lululemon announced a five-year global strategic partnership last week, with the goal of uniting fitness content and athletic apparel to forge a collective...

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EU Official: ‘Dystopian’ Fears Shouldn’t Guide AI Regulation
EU Official: ‘Dystopian’ Fears Shouldn’t Guide AI Regulation
October 03, 2023  |  Artificial Intelligence

A top European Union official is warning against letting “dystopian” fears govern artificial intelligence (AI) rulemaking. Věra Jourová, the European Commission’s vice president for values...

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Stitch Raises $25 Million to Expand Payments Infrastructure Offering
Stitch Raises $25 Million to Expand Payments Infrastructure Offering
October 03, 2023  |  Investments

South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital...

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American Express Upgrades Gold Card as Businesses Hunt for Credit
American Express Upgrades Gold Card as Businesses Hunt for Credit
October 03, 2023  |  Credit Cards

American Express debuted an upgraded version of its Business Gold Card. The revamped card gives customers the ability to earn membership rewards in some business...

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The Great Connected Consumer Paradox
The Great Connected Consumer Paradox
October 03, 2023  |  Connected Economy

It has been reported that by 2010, cable television in the U.S. had sort of hit its stride. Analysts report that 90% of homes with...

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Cross River and paymints.io Launch RTP Offering for Real Estate
Cross River and paymints.io Launch RTP Offering for Real Estate
October 03, 2023  |  Real-Time Payments

Cross River Bank and paymints.io have teamed to expand real-time payments in real estate. The collaboration — an extension of an existing partnership between the...

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Meta Pitches $14 Per Month Ad-Free Social Media in Europe
Meta Pitches $14 Per Month Ad-Free Social Media in Europe
October 03, 2023  |  Meta

Meta is reportedly proposing an ad-free version of its social media platform to European users. The company has been pitching regulators the idea of a...

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How AI Helps Turn the Finance Function Into a Competitive Moat
How AI Helps Turn the Finance Function Into a Competitive Moat
October 03, 2023  |  B2B Payments

Sustainable growth comes from consistent organizational buy-in at the executive level. “It is about setting strategic direction from the top,” Aanchal Kochhar, head of product...

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Form3: AI and Risk Scoring Help Stop Push Payment Fraud ‘in Its Tracks’
Form3: AI and Risk Scoring Help Stop Push Payment Fraud ‘in Its Tracks’
October 03, 2023  |  Security & Fraud

With the Sibos 2023 financial services conference in the rearview mirror, central bank digital currencies (CBDCs) and blockchain in active discussion, and the FedNow® Service...

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