Square Enlists ChatGPT And Claude for Its AI Push
Square, the point-of-sale unit of the payments provider Block Inc., said early Wednesday it is plunging head-first into AI in an effort to build business for its client merchants. The company said it has adopted an app for OpenAI Group’s ChatGPT and a plugin for Anthropic’s Claude technology to help …
Read More »How Payment Friction Puts a Damper on Travel As Summer Sets in
The summer travel season has arrived, promising big volume uplifts for payments processors. But wonky payments, checkout letdowns, and fraud fears could lead to less volume than travel companies expect, according to a pair of travel reports released Tuesday. So far, demand looks strong. Some 91% of consumers are planning …
Read More »A Survey Shows a Need to Bolster Trust in Agentic Commerce
No sooner has agentic commerce entered the domain of digital payments than questions have sprung up regarding issues of trust and identity. The trust issue in particular came to the fore early Monday with survey results indicating that just 19% of adult consumers in the U.K. trust that AI agents …
Read More »Tech Firms Begin to Tackle the AI Fraud Question
The growing prominence of agentic commerce has raised questions about the potential for fraud in these transactions, and in particular the problem of verifying who is behind the agents. Now, technology is emerging to address that question. In one example, Boston-based Notarize Inc., which does business as Proof, introduced on …
Read More »Bluefin Works With Landi to Streamline Processor Links
Bluefin Payment Systems Inc. said Wednesday it is working with the point-of-sale technology company Landi Global to launch security gear that communicates directly with processors. With the new design, other participants in a transaction—including merchants, gateways, and independent software vendors—will not be required to rework their payment flows, the companies …
Read More »A Deal With Tellus Power Is Nayax’s Latest Move in EV Charging
Growth in AI for Shopping Will Depend on Trust
The idea of using AI agents to shop online on the consumer’s behalf intrigues payments providers and consumers alike, but the full rollout of this technology is going to depend on how much buyers and processors can trust the technology, according to survey results released early Tuesday. That need for …
Read More »A Startup Works With Visa to Offer Real Time Payouts Cross Border
The cross-border payments startup Nuvion said early Monday it will work with Visa Direct, a faster-payments network, to enable businesses to send real-time payouts globally. The service is aimed at smoothing faster payments to a host of everyday recipients, including suppliers, contractors, and customers, Nuvion says. Founded only in 2024, …
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