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Corporate payments company Corpay plans to accelerate its entry into investment funds by acquiring Alpha Group International, a provider of B2B cross-border foreign exchange (FX) solutions to corporations and investment funds in the United Kingdom and Europe.
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Alpha’s board intends to recommend that Alpha shareholders vote in favor of the deal, and, subject to...
Fiserv’s management said Wednesday (July 23) that its flagship point of sale offering, Clover, is still on track to hit $3.5 billion in annual sales this year.
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But as the company trimmed guidance for 2025, and as Clover’s momentum appeared to slow in the second quarter, investors sent the shares down 20% in early trading.
Supplemental materials that accompanied the...
Consumers are increasingly using artificial intelligence chatbots to do their online searches, whittling away at traffic traditionally routed through search engines.
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The shift has implications for brands as they pivot to stay visible when chatbots present answers instead of links to their websites.
According to PYMNTS Intelligence, AI chatbot usage is led by Generation ...
TD Bank Group’s TD Merchant Solutions will use payments and financial technology from Fiserv, including the point-of-sale system Clover, for its merchant business in Canada.
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That move is part of a new multi-year strategic managed services program agreement signed by the two companies, they said in a Wednesday (July 23) press release.
In addition, the companies have...
Businesses and trade groups are reportedly scrambling to have a say in federal artificial intelligence (AI) regulations.
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That’s according to a report Wednesday (July 23) from the Financial Times (FT), which said that more than 500 organizations lobbied the Trump administration and Congress regarding AI between January and June of this year.
That figure, based on the FT’...
Maybe it was when Ruoming Pang, the executive leading Apple Intelligence, jumped ship earlier this month to Meta’s new Superintelligence Labs. Or when a leaked internal memo in March described Apple’s AI efforts as “ugly and embarrassing.”
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Or the June announcement that Siri’s AI-powered reboot, already a year overdue, won’t arrive until mid-2026. Two years after Apple...
OpenAI’s CEO says the banking sector is facing a “significant impending fraud crisis.”
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That’s because artificial intelligence (AI) has advanced to the point that it can impersonate someone’s voice to get around security protocols and move funds, Sam Altman said at a Tuesday (July 22) Federal Reserve conference in Washington.
“A thing that terrifies me is apparently...
Amid mounting economic pressures and intensifying competition from FinTechs and challenger banks, financial institutions (FIs) are navigating a rapidly evolving landscape. Consumers now favor innovative, tech-driven financial solutions, challenging traditional banks to differentiate themselves.
To stay competitive, FIs must double down on loyalty, seamless payment systems, advanced fraud...
Watch more: Embedded Payments and What Software Platforms Are Leaving on the Table
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Software platforms run the world. Healthcare, logistics, travel, insurance — every industry now relies on software to streamline operations and deliver value.
However, as macroeconomic pressures mount, embedding payments into those platforms has moved from a differentiator to a...
As the travel sector continues its recalibration journey post-pandemic, industry platforms are responding to a convergence of shifts by rethinking how they serve both customers and suppliers.
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The sector’s rebound is becoming defined by three themes: a resurgence of spontaneity-driven travel, a retreat from complexity, and the rise of dual-sided marketplaces.
“There’s a...