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Labor shortages, high turnover and shifting consumer habits are reshaping the restaurant industry, and payments are at the center of the transformation. What was once a perk—same-day pay, instant tips and real-time supplier payments—is quickly becoming a survival tool. For operators managing lean budgets and unpredictable staffing, instant payments are no longer optional.
The pressures...
For decades, enterprise resource planning (ERP) systems have promised a single source of truth for finance leaders. But as the pace of business accelerates, many CFOs are finding that their ERP is not built to handle the growing complexity of accounts receivable (AR).
That’s where specialized AR platforms are stepping in, and why finance chiefs are rethinking the way they balance...
Watch more: Working Capital Turns ThredUp’s Resale Engine Into a Flywheel for Growth
In an economy where consumers are stretching dollars and seeking new ways to supplement income, consignment has become a sweet spot. ThredUp, the online resale marketplace, is leaning into that trend.
For sellers, consignments represent an additional stream of income; for buyers, they provide value at...
Mobile wallet use is spreading, but these digital apps aren’t replacing credit and debit cards. They’re burying them.
The PYMNTS Intelligence report “Pocket Revolution: How Mobile Wallets Are Changing Payments Worldwide” found that across 11 countries representing half of global GDP, mobile wallets now handle 35% of online purchases and 21% of in-store transactions. Yet the funding...
Bank of America is using AI to help its Global Payments Solutions team serve clients.
The new Ask Global Payments Solutions (AskGPS) tool, announced Tuesday (Sept. 30), lets employees pose “simple to complex” client queries and get answers within seconds. The tool was created in-house and trained on more than 3,200 internal documents and presentations, such as product guides, term...
Visa is adding stablecoins to its money movement playbook, piloting a way for businesses to prefund cross-border payouts on Visa Direct without tying up cash in traditional accounts.
Announced at SIBOS 2025, the pilot lets banks, remittance firms and other institutions load stablecoins into Visa Direct as a standing funding source for global disbursements. Visa treats those tokens as...
The AI boom’s second act is being financed not just by venture dollars but by borrowing, as companies sprint to build the data centers and buy the chips needed to train and run large language models. That shift is changing who can compete and how quickly and introduces new risks for enterprises buying AI services.
Oracle’s $300 Billion Bet
The most visible example is OpenAI and Oracle’...
Visa introduced its Commercial Solutions (VCS) Hub, designed to offer issuers and FinTechs new commercial payment tools.
“Visa is not just modernizing commercial payments, we’re reinventing them,” Gloria Colgan, SVP and Global Head of Product, Visa Commercial Solutions, said in a news release announcing the hub Monday (Sept. 29). “With GenAI at the heart of the VCS Hub, we’re giving...
OpenAI’s launch of Buy It in ChatGPT marks another touchpoint on the agentic artificial intelligence (AI) roadmap. With Instant Checkout, ChatGPT shifts from being a conversational assistant to becoming a transactional platform that collapses search, discovery and payment into a single flow.
At launch, the feature supports Etsy products in the U.S., with Shopify’s more than 1 million...
When is a stock too good to be true? According to the U.S. Securities and Exchange Commission (SEC), it could be when that stock soars over 900% in just half a month.
On Monday (Sept. 29), the SEC showed what can happen when market exuberance meets the hard limits of oversight when, per a Bloomberg report, it suspended trading in the shares of QMMM, a Hong Kong–based digital media firm...