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The B2B payments landscape has long been characterized by competing interests, with buyers seeking to extend payment terms while suppliers push for prompt remittance.
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In joint research from WEX and PYMNTS Intelligence as part of the continuing Business Tracker series, virtual cards present a compelling solution that offers significant advantages for both accounts...
As global commerce becomes more digitized and less reliant on conventional infrastructure and workflows, digital wallets, a once-niche technology, are beginning to reshape international money movement.
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However, according to the PYMNTS Intelligence report “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, while 63% of consumers in the United States who...
The pricing of an initial public offering (IPO), a ritual that comes the night before the first day of trading, gauges the enthusiasm of the market for the new kid on the Street.
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Wednesday night (June 11), we got a glimpse into the interest in FinTechs coming to market, and in this case, the appeal of digital-only banking.
Chime will debut on the Nasdaq exchange with...
GrailPay has raised $6.7 million to expand its risk and data platform for bank payments that is used to make ACH payments safer, smarter and faster.
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The company will use the new funding to grow its product and engineering teams, expand its go-to-market efforts and add new capabilities to the platform, according to a Wednesday (June 11) press release.
It aims to bring to...
Pinterest has introduced two artificial intelligence (AI)-powered tools for advertisers that it says will provide enhanced ad solutions and shopping trend forecasts.
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One tool now being piloted among select advertisers is auto-collages, which uses AI to turn advertisers’ existing Pinterest product catalog into shoppable collages, the company said in a Wednesday (June 11...
Meta has reportedly poached some top engineers from tech firms for its artificial general intelligence (AGI) team.
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One engineer who confirmed he is moving to Meta is Jack Rae, a principal researcher at Google DeepMind, Bloomberg reported Wednesday (June 11).
Alexandr Wang, co-founder and CEO of Scale AI, and other employees from that company are expected to join the...
Nvidia CEO Jensen Huang said Wednesday (June 11) that Anthropic CEO’s prediction of artificial intelligence (AI) destroying half of entry level white collar jobs “doesn’t make sense.”
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Dario Amodei reportedly made the comment last month, adding that he expects it to happen within one to five years. He also believes that it would raise the unemployment rate to 10% to 20...
The stablecoin bill moving through the U.S. Senate reportedly got closer to final passage Wednesday (June 11) after a 68 to 30 procedural vote removed an obstacle.
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The vote eliminated some proposed amendments to the GENIUS Act and made it likely that the final passage of the bill will come next week, Bloomberg reported Wednesday.
Senate Majority Leader John Thune, R-...
Farsight, an automation platform for financial institutions, raised $16 million in a Series A funding round.
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The capital will help Farsight develop its product, scale its team and sign new partners and customers, according to a Wednesday (June 11) press release.
Co-founded by MIT graduates Samir Dutta, Noah Faro and Kunal Tangri, Farsight provides a solution that helps...
In the digital age, banks and other traditional financial incumbents face the core challenge of building or being built upon.
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This challenge is coming to a head in the stablecoins sector, but legacy players may have a trick hidden up their sleeves. While cryptocurrency has tried for over a decade to integrate within the traditional, U.S.-driven financial system, banks...