PYMNTS News

T-Mobile Drops Plan to Shift Customer to Higher Tiers After Backlash
T-Mobile Drops Plan to Shift Customer to Higher Tiers After Backlash
October 25, 2023  |  Subscriptions

T-Mobile US has scrapped a program that would have required certain customers to switch to more expensive wireless plans. The decision comes after the proposed changes...

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Magic Leap Appoints Former Belden Executive Ross Rosenberg as CEO
Magic Leap Appoints Former Belden Executive Ross Rosenberg as CEO
October 25, 2023  |  Personnel

Magic Leap, an augmented reality (AR) platform, appointed Ross Rosenberg as its new CEO. Effective Nov. 1, Rosenberg, an experienced technology executive, will succeed Peggy...

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Report: Biden Administration to Introduce Executive Order on AI Monday
Report: Biden Administration to Introduce Executive Order on AI Monday
October 25, 2023  |  artificial intelligence

The Biden administration is reportedly set to introduce an executive order on artificial intelligence (AI) that will regulate the rapidly evolving technology. The order is...

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Fed Survey: Businesses Expect Sales Growth to Slow
Fed Survey: Businesses Expect Sales Growth to Slow
October 25, 2023  |  Economy

American businesses are less sure about future sales than they were before the pandemic. That’s according to the latest edition of the Survey of Business Uncertainty,...

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Will Consumers Fan the Flames of Pay-by-Bank Demand?
Will Consumers Fan the Flames of Pay-by-Bank Demand?
October 25, 2023  |  Payment Methods

The drumbeat of recent announcements shows more merchants lining up to offer pay-by-bank options. But it will be consumers who provide the momentum — and...

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French Hill Says Lawmakers Must Balance Consumer Protection and Innovation
French Hill Says Lawmakers Must Balance Consumer Protection and Innovation
October 25, 2023  |  Payments Innovation

FinTech firms’ products and services provide benefits that far exceed the risks they pose. So said Rep. French Hill of Arkansas, chairman of the House...

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Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
October 25, 2023  |  Partnerships

Bain Capital and Smith Hill Capital have formed a joint venture aimed at serving the finance needs of companies and assets in the hospitality sector. With a goal...

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BILL Debuts New Purchase Order Tools for Small Businesses
BILL Debuts New Purchase Order Tools for Small Businesses
October 25, 2023  |  B2B Payments

Financial operations platform BILL has introduced new capabilities for small businesses and accounting firms. The San Jose company announced Wednesday (Oct. 25) that it was rolling out automation technology...

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CFOs Use Automation for Fraud Prevention More Than for AP/AR
CFOs Use Automation for Fraud Prevention More Than for AP/AR
October 25, 2023  |  Accounts Payable

In today’s fast-paced business world, companies are constantly looking to streamline operations and increase productivity. One area in need of this streamlining that often requires...

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