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The competition between banks and nonbanks is intensifying as customers demand faster, always-available ways to move money. Banks are finding that the FedNow® Service can help them compete more efficiently in a market that rewards speed and reliability.
Nick Stanescu, chief FedNow executive, said in an interview with PYMNTS that adoption has risen sharply. “We started with 35...
Small and midsize merchants have no shortage of ambition, but they often face long odds when they try to secure the financing needed to buy new equipment, restock inventory or expand online. Lenders can be hard to reach, and the process is often confusing or time-consuming. For those selling on large platforms, the friction can mean missed opportunities.
Lendistry CEO Everett K. Sands...
In the age of AI agents and synthetic identities, the biggest risk to corporate security may be complacency. Most firms think their digital identity systems are working, and that misplaced confidence is costing them real money.
According to “The Hidden Costs of ‘Good Enough’: Identity Verification in the Age of Bots and Agents,” global companies lose an average of 3.1% of annual...
Businesses, especially marketplaces and gig platforms, are waking up to the value of building their own banking networks.
According to PYMNTS Intelligence in collaboration with Ingo Payments, the line between payments provider and platform operator is blurring fast. Nearly two-third of businesses surveyed (65%) are highly interested in using in-network accounts or cards to issue...
Worldpay has found that agentic commerce is likely to gain its foothold in smaller, everyday purchases.
In a survey of American consumers, the payments technology and solutions company found that they are most comfortable using artificial intelligence (AI) for everyday purchases under $50, including cinema tickets, meal delivery or pickup, health and beauty products, meal vouchers and...
In the Q3 earnings call Tuesday (Nov. 4), Pinterest execs told investors the company has transformed from a digital mood board into what CEO Bill Ready called an “AI-powered visual-first shopping assistant.” The company said artificial intelligence (AI) now underpins nearly every part of its platform, from search and discovery to shopping recommendations and the new conversational Pinterest...
Artificial intelligence (AI) lending marketplace Upstart saw growing consumer demand and steady consumer credit strength in the third quarter, executives said Tuesday (Nov. 4) during an earnings call.
The company’s originations rose 80% year over year in the third quarter to reach $2.9 billion, according to a presentation released in conjunction with the call.
By category, compared to...
Shopify put agentic artificial intelligence (AI) and the Prompt Economy at the center of its strategy on its Nov. 4 earnings call, arguing that it will reshape how consumers shop, and is already having an impact.
“AI is not just a feature at Shopify. It is central to our engine that powers everything we build,” President Harley Finkelstein told analysts.
Finkelstein said the shift is...
Users of Walmart de México’s digital payments app, Cashi, can now purchase products online and pay in installments without a credit card.
This capability was enabled by a strategic partnership of Walmart de México and buy now, pay later (BNPL) company Aplazo, which includes the integration of Aplazo as a payment method within Cashi, the companies said in a Tuesday (Nov. 4) press...
The Tripadvisor Group reportedly plans to merge two of its three businesses, Tripadvisor and Viator, amid activist investors’ pressure to consider selling either the entire company or its other division, TheFork.
The business combination will lead to “substantial” layoffs among its engineering staff, Seeking Alpha reported Tuesday (Nov. 4), citing a paywalled article by travel news...