pymnts.com Media Bias

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Blockchain.com Cuts Staff as Crypto Layoff Wave Persists - PYMNTS.com

“The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year,” the company told CoinDesk in an email published Thursday (Jan. 12). “To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company.”
pymnts.com     Jan 13, 2023

American Express to Acquire Nipendo to Grow B2B Platform - PYMNTS.com

“We are taking the friction out of B2B payments, paving the way for faster, more efficient and transparent transactions,” Anna Marrs, group vice president of global commercial services and credit and fraud risk at American Express, said in the release. “With Nipendo, we will strengthen our expertise and capabilities in the space, and their innovative platform will give business customers common ground to connect and transact on the Amex network.”
pymnts.com     Jan 13, 2023

Only 10% of Retailers Have Invested in Real-Time AP Payments - PYMNTS.com

investing

Joint research from PYMNTS and Corcentric, as detailed in the report titled “Payments Technology’s Future: Retailers. Manufacturers Seek Better Workflows,” shows that firms in these verticals are taking the time and spending the money to upgrade back-office functions.
pymnts.com     Jan 12, 2023

Payments Set to Reshape Cross-Border eCommerce in 2023 - PYMNTS.com

It’s a forecast backed by the belief that this expansion will be enabled, at least in part, by the help of payment platforms that reduce the pain points that small online sellers typically face as they navigate the challenges of trading in new geographies.
pymnts.com     Jan 12, 2023

Visa Sees Global Travel Recovery Powered by Seamless Digital Payments - PYMNTS.com

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Visa’s Special Report: Global Travel Insight Q3-2022 showed refreshing changes from inflation-induced consumer spending pullbacks that marked 2022, as it said in November that international arrivals in 2022 “are well on their way to reaching 850-900 million by the end of the year, accounting for 75-80 percent of the 2019 levels.”
pymnts.com     Jan 11, 2023

Accenture Completes Acquisition of Supply Chain Firm Inspirage

The global professional services company said in a Wednesday (Jan. 4) press release that it has completed the acquisition of the integrated Oracle Cloud specialist firm that has an emphasis on supply chain management. The purchase had been announced Sept. 6.
pymnts.com     Jan 10, 2023

23% of Single-Income Households More Likely to Struggle Paying Bills - PYMNTS.com

New Reality Check: Paycheck-To-Paycheck Report: 2022 Year In Review, a PYMNTS and LendingClub collaboration, explores the correlation between single and dual-income households and financial lifestyles, with nearly one-quarter (23%) of paycheck-to-paycheck consumers with issues paying their bills saying they are the sole breadwinner in their households.
pymnts.com     Jan 10, 2023

The State Of Subscription Business - January 2023

The State Of Subscription Business: Best Practices And Business Performance Drivers, a PYMNTS and FlexPay collaboration, examines the relationship between payments friction and customer churn in the subscription industry and takes a deep dive into the best practices of the firms that effectively manage these challenges. We surveyed 200 executive decision-makers at companies that offer subscription-based services and products in retail, health and fitness, media and publishing, home security and online gaming. These businesses generated 40% or more of their revenue from subscription relationships and reported annual revenues of at least $100 million. The survey was conducted from Sept. 12, 2022, to Sept.
pymnts.com     Jan 10, 2023

Echo Acquires Prelude to Modernize Healthcare Disbursements

Steve Root, Prelude’s president, said the acquisition will let PayPilot users access ECHO’s payment options and payment network. The release says PayPilot’s “focus on claims, policy, and AP system integration optimize results while eliminating workflow disruptions.”
pymnts.com     Jan 09, 2023

New Year, Same Data-Privacy Woes for Meta's Advertising Cash Cow - PYMNTS.com

That’s according to a public statement released Wednesday (Jan. 4) outlining the commission’s final decision regarding the tech company’s processing of personal data stemming from two complaints filed May 25, 2018 under the European Union’s (EU) General Data Protection Regulation (GDPR).
pymnts.com     Jan 07, 2023

ChatGPT Creator OpenAI Valued at $29B - PYMNTS.com

As PYMNTS reported Dec. 15, OpenAI has become widely known for its product ChatGPT, a chatbot with humanlike conversation capabilities that can, according to the company, “answer follow-up questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.”
pymnts.com     Jan 07, 2023

Retail CFOs Invest in Payments Tech to Streamline Operations - PYMNTS.com

Forty-six percent of manufacturers that have previously invested in liquidity forecasting and management applications are still making these investments or plan to continue doing so. This continued investment is a good indicator of the extent to which manufacturers and retailers are counting on finance system improvements to help weather economic uncertainty and keep pace with the economy’s digital shift.
pymnts.com     Jan 06, 2023