The Business & Technology Network
Helping Business Interpret and Use Technology
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The way people use technology is changing, creating a complex situation for banks and retailers. [contact-form-7] Even though more devices are connected, many people are happy with the basic technology they have. This contentment affects how they prefer to pay and how they interact with digital services. The PYMNTS Intelligence report “How People Pay: Consumer Preference for Connected...
America’s often-overlooked engine of commerce, the middle-market business landscape, is shifting its innovation experiments down the priority list. [contact-form-7] The biggest reason? Trade policies, geopolitical scuffles and economic volatility are, and have been for months, hammering mid-market firms’ supply chains and margins, leaving little room for anything but a dedication to...
B2B companies want a simple, secure, consumer-like digital payments experience, Greg Castro, president of PayTrace by North, writes in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.” [contact-form-7]   PayTrace recently celebrated 20 years in business. As part of North, we serve B2B companies, expanding the ways payments work for them. Mid-2025, we are excited to...
Securities regulators have reportedly sped up the timeline for financial institutions seeking to issue exchange-traded funds invested in the Solana blockchain platform. [contact-form-7] These firms have until July 31 to refile their applications, according to a CoinDesk report on Monday (July 7), which cited unidentified sources. The report said that the move by the Securities and...
Robinhood, a financial brokerage and cryptocurrency exchange, is under scrutiny in the EU for offering tokenized equities of OpenAI after the artificial intelligence (AI) startup disavowed any ties to these assets. [contact-form-7] The central bank of Lithuania, which is Robinhood’s main regulator in the EU, emailed CNBC on Monday (July 7) that it has asked the brokerage to clarify the...
American Airlines is deepening its deployment of artificial intelligence (AI) to make the travel experience more comfortable for its passengers — including predicting if they’ll miss a flight and waiting for them. [contact-form-7] In a recent company podcast, Chief Digital and Information Officer Ganesh Jayaram described the airline’s use of AI to transform both its consumer self-...
Jack Dorsey, Twitter’s co-founder and the chief executive of Block, on Monday (July 7) introduced Bitchat, an experimental messaging service that lets smartphones trade encrypted texts over Bluetooth rather than the internet. [contact-form-7] The app, now in beta on Apple’s TestFlight, links nearby phones into a mesh network that relays messages from device to device, allowing...
Cross-border transactions have historically been the Achilles’ heel of small- to medium-sized businesses (SMBs). [contact-form-7] While digital tools and eCommerce platforms have lowered barriers to finding international customers and suppliers, sending and receiving payments across borders remains fraught with friction. That’s why, for decades, the narrative of global commerce was...
Australian payments company Monoov has teamed with payroll firms Payroo and SuperAPI. [contact-form-7] The partnership, announced Monday (July 7), is centered around a one-click payroll and superannuation solution, designed to update “antiquated payroll and superannuation industries” — the latter term referring to Australia’s pension system. “With new wage theft laws in place which now...
The transaction limits tied to real-time payments have been marching steadily higher. [contact-form-7] For banks using the instant payments rails, the stage has been set for a summer surge in higher dollar-value transactions, especially for corporate clients navigating supply chain and tariff concerns with an eye on improving cash flow. However, the challenge lies in addressing concerns...