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Businesses wrestling with sluggish cash flow and escalating fraud are increasingly looking to digital payment solutions, according to a recent PYMNTS Intelligence report highlighting the challenges of legacy methods.
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The report, titled “Virtual Cards Boost Commercial Payment Speed and Security,” examines how traditional business-to-business (B2B) and other commercial...
The global financial ecosystem is undergoing a rapid transformation as real-time payment systems gain traction.
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As these systems become more prevalent across the financial landscape, they’re setting new benchmarks for transaction speed, efficiency and accessibility.
This trend is being propelled by proactive initiatives from financial institutions and central banks...
Global eCommerce players focus on user experience, brand loyalty and speed, but they often overlook payments.
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No matter how sleek a front-end experience is, a failed or clunky checkout can undo every strategic effort that led to the sale. PYMNTS Intelligence findings from the May Payments Optimization Tracker® Series, “Going Global: How Payments Optimization Can Power...
It would be understandable to ascribe certain characteristics to the best-in-class issuers.
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The PYMNTS Intelligence and Visa DPS report “The Best-In-Class Modern Card Issuer: Driving Customer Lifetime Value Through Innovation” surveyed 451 executives who weighed in on what separates the best from the rest in the pursuit of high lifetime values of their customers. The...
Personalization is a tool that will help Stitch Fix retain and even gain market share amid any potential external headwinds like tariffs or a slowdown in consumers’ discretionary spending, executives said Tuesday (June 10) during the online personal styling service’s quarterly earning call.
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The company has not yet seen an impact from tariffs and doesn’t expect to see...
The chief security officer for Amazon and AWS, Steve Schmidt, told Bloomberg News Tuesday (June 10) that government involvement in artificial intelligence (AI) could limit the scope of the company’s work in that field.
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“The tension with regulation of any kind is that it tends to retard progress,” Schmidt said, per the report. “So the way we tend to focus on standards is...
As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands Group, WHP Global and Marquee Brands.
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A bankruptcy...
The Consumer Financial Protection Bureau’s funding and foundations are hotly debated on Capitol Hill and in courtrooms.
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As the agency itself has been walking back, or outright canceling, its own rulemaking, there’s a flurry of activity at the state level where lawmakers and attorneys general are, in effect, stepping in for the bureau, levying lawsuits and legislation...
Global Payments has begun rolling out point-of-sale (POS) software designed for small and medium-sized retail businesses.
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The Genius for Retail solution will initially be available in the U.S. and will then launch in other geographies throughout the year, the worldwide provider of payment technology and software solutions said in a Tuesday (June 10) press release....
The B2B space barely had time to wrap its head around generative artificial intelligence (GenAI) before the next iteration, agentic AI, arrived. And if GenAI jolted the B2B world with its ability to produce language, content and code at scale, agentic AI ups the ante.
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These new systems are not just capable of completing tasks; they’re able to take initiative. From...