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A growing body of evidence suggests that businesses may be looking in the wrong place for payment fraud risk.
That was the central finding of PYMNTS Intelligence’s January Money Mobility Tracker®, “Instant Myths: Debunking Faster-Payments Fraud Fears.” The report examined how fraud concerns continue to shape instant payments adoption, even as data shows that legacy methods,...
Retail used to compete primarily on assortment, price and convenience. Increasingly, it competes on infrastructure and positioning.
In a consumer environment defined by uncertainty driven by persistent inflation pressures, cautious spending and fragmented demand, retailers like Amazon and Walmart are building systems designed not just to sell more goods, but to operate more...
Cash retains a stubborn presence in small- and mid-sized businesses, but business credit cards are beginning to erode that dominance by addressing the operational pressures that keep firms tied to currency and paper.
The findings come from “Ready for Change: Why Nearly Half of SMBs Want to Ditch Cash and Checks,” as published by PYMNTS Intelligence in tandem with Mastercard and based...
Costco is seeing measurable benefits from its latest digital initiatives both in-store and online, Costco President, CEO and Director Ron Vachris said Thursday (March 5).
“In digital, we continue to make strides with our roadmap to deliver a more seamless experience for members in warehouse and online,” Vachris said during an earnings call.
During the quarter ended Feb. 15, Costco saw...
Pattern Group’s fourth quarter results, posted after the market closed on Thursday (March 5), reflect broader shifts underway in digital retail as brands expand across more marketplaces and artificial intelligence begins to influence how consumers discover products online.
Pattern operates a technology platform that helps brands manage product listings, advertising and logistics across...
OpenAI has released a new artificial intelligence model that it said is designed for professional work and is its most capable and efficient frontier model for that sort of work.
The company released the model, GPT-5.4, Thursday (March 5) in ChatGPT (as GPT-5.4 Thinking), the API and Codex. It also released GPT-5.4 Pro in ChatGPT and the API for users seeking “maximum performance on...
Revolut, the London-based global FinTech with 70 million customers, took its most decisive step yet into the American market Thursday (March 5), filing for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).
The move, paired with the appointment of a new U.S. CEO, signals that Revolut is no longer...
Visa has appointed one of its executives, Leonardo J. Collado, to lead Pismo, the provider of processing solutions for bank, FinTechs and financial institutions around the world that Visa acquired in 2024.
Collado, who is currently senior vice president at Visa and head of value-added services for Latin America and the Caribbean, will become general manager of Pismo on April 1, Visa...
Silverflow, a Dutch payment processing firm, announced on Thursday (March 5) that it had secured $40 million in Series B funding in an investment round led by Picus Capital.
Several other firms, including Rabo Investments and Coatue, also participated.
Over the last two and half years, the firm has seen rapid growth, moving from processing 180 transactions per day to nearly 1.75...
Twenty-four states filed a lawsuit Thursday (March 5) to stop the tariffs that President Donald Trump imposed shortly after the Supreme Court blocked his earlier tariffs.
The lawsuit argues that tariffs are illegal because the president does not have the power to impose them, New York Attorney General Letitia James said in a Thursday press release.
It contends that the tariffs do not...