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An optimal payment experience, which is frictionless in nature, involves collaboration.
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Issuers and merchants must work together to ensure that the merchant makes the sale, and the issuers want their cards to be top of wallet.
Amy Pierce, managing director of merchant engagement at Bank of America, told PYMNTS that to get to that optimal state, data sharing must take...
Latin America continues its financial transformation as digital payments surge, pushing traditional cash toward the periphery of commerce and financial access.
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The region is becoming a nexus for innovation, driven by a combination of burgeoning FinTech companies and government-backed initiatives. According to the PYMNTS Intelligence report “Digital Developments:...
Innovation has emerged as a key factor in determining whether credit unions can thrive in a competitive, rapidly evolving financial ecosystem. As expectations from consumers and small to medium-sized businesses (SMBs) shift toward digital convenience and tailored experiences, not-for-profit financial institutions face growing pressure to modernize, not just to compete with traditional banks, but...
Everyone seems to have an opinion on trade policies and tariff rates these days. But the ones that matter are from the companies that need to plan in accordance with their fluctuations.
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Increasingly, U.S. companies appear to be placing their bets that the White House’s plan to bring overseas manufacturing back to America won’t turn out to be so harsh in the long run....
The ability for large enterprises to disburse funds instantly has become a key strategic priority, especially when demands for immediate payments are high.
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For businesses where a large share of ad hoc payments needs to be sent urgently, instant methods are evolving into a vital strategic tool. Enterprises with a high need for urgent ad hoc payments are significantly...
CarGurus has added an artificial intelligence-powered search experience to its online platform for buying and selling new and used vehicles.
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This search experience allows consumers to use conversational language to discover vehicles that meet their needs, compare models, and refine the search results, the company said in a Monday (June 9) press release.
CarGuru’s Vice...
Chime Financial is reportedly expected to launch its initial public offering (IPO) Thursday (June 12).
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When it does so, the FinTech company is expected to be valued at more than $11 billion at the high end of its expected pricing range, The Information reported Monday (June 9).
Chime Financial launched the roadshow for its IPO June 2, saying in a press release that it...
Lovable, an artificial intelligence (AI) startup that enables “vibe coding” to streamline software development, is reportedly in talks to raise at least $100 million at a valuation of at least $1.5 billion.
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Those figures would make the Swedish startup one of Europe’s biggest AI newcomers, Bloomberg reported Monday (June 9), saying it got the numbers from unnamed sources...
The news that consumers expect to see a slowdown in inflation is, arguably, optimistic.
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As PYMNTS reported Monday (June 9), the Federal Reserve Bank of New York’s latest reading on inflation expectations indicates that households see declines in inflation’s growth — we emphasize the “growth” here, as it still indicates an expected surge in prices through the next year...
JPMorganChase has begun accepting applications for a FinTech accelerator program for U.K. startups.
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As American Banker reported Monday (June 9), the Fintech Forward Accelerator is a 12-week, in-person and virtual program for FinTech founders who want to employ technology to develop scalable financial services solutions.
The program, developed by the banking giant and...