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Middle-market merchants are focusing on improving the checkout experience to better serve customers and improve conversion rates.
According to a PYMNTS Intelligence report, “U.S. Merchants Want Help From PSPs on Make-or-Break Checkout to Boost Conversion,” in collaboration with Mastercard, which surveyed 300 middle-market eCommerce merchants in five countries (Australia, Brazil, UAE, U.K., and...
By now, the story of the birth of the credit card has taken on the stuff of legend. The current state of that legend dates the key event to Feb. 8, 1950. That’s 75 years ago today. And here we are.
Let’s first recount the legend. A man named Frank McNamara came up with the idea for a business account service in 1949 while having a business dinner in a New York City restaurant called Major’s Cabin...
Meta is set to begin its previously announced workforce reduction on Monday (Feb. 10).
The company told staff on Friday (Feb. 7) that those who are laid off will be cut off from Meta’s internal system within an hour and notified about their severance packages via email, The Information reported Friday.
CNBC reported on Jan. 14 that Meta planned to cut about 5% of its “low performers,” as the move...
Consumer sentiment dropped about 5% in February, falling to its lowest level since July, according to preliminary results for the University of Michigan’s February Surveys of Consumers.
This was the second consecutive month in which consumer confidence dropped, following a 4% slide in January that marked the first decline in the reading in six months.
Surveys of Consumers Director Joanne Hsu...
On Friday (Feb. 7), markets swooned by roughly 1%, as measured by the S...
Mastercard and global cybersecurity and PCI compliance company VikingCloud are developing cybersecurity solutions designed for small- to medium-sized businesses (SMBs).
The first solutions co-developed by the companies will be available to VikingCloud’s customers in the second quarter, the companies said in a Friday (Feb. 7) press release.
The solutions will help SMBs evaluate their own cyber...
Apple is reportedly facing an order from British authorities to give the government a way to access global user data stored in its cloud services.
The authorities asked the tech giant in January, in an undisclosed order, to remove the encryption it uses to secure the data, Bloomberg reported Friday (Feb. 7), citing an unnamed source.
They did so under the U.K.’s Investigatory Powers Act, which...
Prescription apps in the United States are experiencing growth, with the ePrescribing market expected to grow from $758.57 million in 2024 to $2.45 billion by 2030.
This progress is being driven by cost savings, improved medication adherence, and the integration of advanced technologies such as artificial intelligence and predictive analytics.
The market is becoming more competitive, as tools...
U.S. wholesale inventories declined 0.5% in December compared to the previous month and declined 0.1% compared to December 2023, the Commerce Department said in a Friday (Feb. 7) press release.
The month’s decline in wholesale inventories followed a decline of 0.1% in November.
Wholesale inventories totaled $898.5 billion at the end of December. That figure included total inventories of merchant...
Artificial intelligence (AI) startup Safe Superintelligence is reportedly in talks for a funding round that would quadruple its valuation to $20 billion.
The company, which was co-founded in June by former OpenAI Chief Scientist Ilya Sutskever, was valued at $5 billion in a September round in which it raised $1 billion, Reuters reported Friday (Feb. 7), citing unnamed sources.
The talks around a...