Pymnts News/page/3 news and trends

American Express Converts Card Rewards Into Bank Deposits
Loyalty & Rewards // October 29, 2026

American Express has introduced new ways for consumer and business cardholders in the United States to redeem rewards for a deposit into eligible American Express bank accounts, the company said in a Thursday (Oct. 29) press release. For consumers, U.S. Consumer Cash Back Card members...

Amazon Adds 100-Plus Capabilities to AI Shopping Assistant
Artificial Intelligence // October 29, 2026

Amazon has introduced several new capabilities for its Alexa for Shopping artificial intelligence assistant. “Our vision for Alexa for Shopping is to make every part of shopping as convenient as possible,” Rajiv Mehta, Amazon’s vice president of conversational shopping, said in an announcement Thursday (Oct. 29). “Alexa for Shopping...

Wabi Raises $55 Million For AI Assistant to Coordinate Groups
Investments // October 29, 2026

Artificial intelligence (AI) assistant startup Wabi has reportedly raised $55 million in new funding. The new financing values the company at $1.25 billion and will help it work on its software that lets groups of people interact with AI to coordinate activities and make decisions,...

Unilever Cuts Order Processing to 90 Seconds With AI Agents
Artificial Intelligence // October 29, 2026

About 2 million of Unilever’s roughly 20 million annual orders still arrive as emails, PDFs, spreadsheets and photos of paper forms, and each one used to take a person 15 to 20 minutes to key in. A system of five AI agents called NOVA now...

Interviews & Exclusives
Collective’s AI Back Office Gives Solo Business Owners Time Back

October 29, 2026
Watch more: Need to Know With Collective’s Hooman Radfar Hooman Radfar is building Collective for business owners who are also the people doing the work. A consultant might be the company’s only employee, responsible for finding clients, managing those relationships and delivering every project. That same person has to keep the books, deal with taxes […]

Better Technology Alone Won’t Give Software the Final Say

October 29, 2026
Watch more: What’s Next in Payments With Maverick Payments’ Bill Christensen The human who approves a merchant account may eventually review fewer files, but the cases left on that person’s...

i2c: Banks Can Delegate Decisions but Can’t Outsource Accountability

October 29, 2026
Watch more: What’s Next in Payments With Matt Pearce of i2c The last decision a bank hands to a machine will likely be one that its employees will still have...

Age Gives Financial Providers Clues to Customers’ Financial Pressures

October 29, 2026
A smaller savings balance can send the same warning to a bank while concealing very different problems for the customer. For some consumers, everyday bills are absorbing more money. For...

Quick Reads
Cohere Raises $5 Billion for Alternative AI Vision

October 29, 2026
Canadian artificial intelligence company Cohere said in a Thursday (Oct. 29) company blog post that it rejects what it called “frontier fatalism.” That’s its term for the belief that AI will be monopolized by a handful of United States and Chinese tech giants. To offer other countries a sovereign alternative, Cohere announced in the post […]

American Express Converts Card Rewards Into Bank Deposits

October 29, 2026
American Express has introduced new ways for consumer and business cardholders in the United States to redeem rewards for a deposit into eligible American Express bank accounts, the company said...

Amazon Adds 100-Plus Capabilities to AI Shopping Assistant

October 29, 2026
Amazon has introduced several new capabilities for its Alexa for Shopping artificial intelligence assistant. “Our vision for Alexa for Shopping is to make every part of shopping as convenient as possible,” Rajiv...

Wabi Raises $55 Million For AI Assistant to Coordinate Groups

October 29, 2026
Artificial intelligence (AI) assistant startup Wabi has reportedly raised $55 million in new funding. The new financing values the company at $1.25 billion and will help it work on its...