Whether your interests lie in electronic check conversion using the newest imaging technology, simple risk avoidance via paper-based check approval, electronic ATM payroll cards, or one of our unique “All-In-One” combination gift and loyalty card programs, Banc Transactions is helping business change the way it operates – implementing enhanced check fraud algorithms, focusing on new customer marketing strategies, maximizing untapped opportunity, protecting profits and increasing revenues. And that is no small change.
- ServiceNow CEO Predicts 30% College Grad Unemployment Due to AIServiceNow’s CEO is warning that college graduates could struggle to find work due to artificial intelligence. Unemployment for new college graduates “could easily go into the mid-30s in the next couple of years,â€� Bill McDermott, whose company offers an AI platform for employers, said in an interview Friday (March 13) with CNBC. “So much […] […]
- Airlines See Increasing Income From Card Loyalty ProgramsAirlines are reportedly seeing a greater share of revenue from co-branded credit cards. That’s according to a report Friday (March 13) from Reuters, which says this trend is becoming apparent in the way loyalty programs reward travelers. The report cited examples of changing rewards policies at high-profile airlines such as Delta and United, the […] […]
- ByteDance Pauses AI Video Launch Over Copyright IssuesByteDance has reportedly postponed the launch of its new artificial intelligence video-generation model over copyright disputes. According to several news outlets, and as first reported by The Information on Saturday (March 14), the Chinese tech giant made this decision following pushback from major Hollywood studios and streaming platforms. PYMNTS has contacted ByteDance for comment […] […]
- Meta Weighs Widespread Layoffs as AI Spending GrowsMeta is reportedly planning layoffs that could impact at least 20% of its workforce. That’s according to a report Friday (March 13) from Reuters, which noted that the cuts come as the tech giant looks to offset its heavy spending on artificial intelligence infrastructure, while also preparing for what it hopes will be more […] […]
- Musk’s $134 Billion Claim in OpenAI Case Questioned by JudgeThe federal judge in Elon Musk’s case against OpenAI has reportedly questioned the billionaire’s damage claim. In court on Friday (March 13), Judge Yvonne Gonzalez Rogers suggested the $134 billion Musk is seeking is based on “numbers out of airâ€� but ruled he can continue to press his case to jurors, the Financial Times […] […]
- Judge Orders Accused Scammer Saul Shalev to Remain in Jail During TrialSaul Shalev, the individual accused of masterminding the small business finance industry’s long running mysterious fraud, had his motion to be released on home confinement while awaiting trial denied. “As I explained on the record at the hearing, the following factors weighed in favor of Shalev’s detention: Shalev has previously fled the country when facing […]
- TomoCredit Sues Fintech JournalistTomoCredit, a company that identifies itself as “a software company providing a suite of software solutions designed to support financial literacy,” has filed a lawsuit against a fintech journalist named Jason Mikula for defamation and libel. Mikula operates Business Fintech Weekly, a widely read newsletter in the fintech space. TomoCredit alleges it has suffered damages […]
- California Bill Asserts Businesses Generating Up to $18 Million/Year in Sales Need Consumer ProtectionsCalifornia’s AB2116 is proposing to amend the state’s Consumer Financial Protection Law and declare that small businesses generating less than $18 million a year in revenue be considered a consumer for the purpose of consumer financial protections. “Small businessâ€� means a business entity organized for profit with annual gross receipts of no more than sixteen […]
- Lending Tree: “The merchant cash advance market is a strong market that is growing”“The merchant cash advance market is a strong market that is growing,” said Lending Tree CFO Jason Bengel during the company’s Q4 earnings call. Small business financing has become an increasing priority for the financial services referral platform. “…we have continually invested in additions to our small business concierge sales force, allowing us as well […]
- Lending Tree: LLM Referrals Are Very “High-Intent Consumers”During Lending Tree’s Q4 earnings call, CEO Scott Peyree echoed the same conclusion on LLMs that was uttered by rival NerdWallet, that LLM referrals convert better than normal search referrals. “There are a number of fronts we are working on there,” said Peyree. “There is obviously the SEO front where you are getting referenced by […]