| Instacart grocery delivery goes national, SWIFT debunks Ripple rumors, Squareâs earnings boosted by large sellers | | | Square GPV Gains Amid Larger Sellers, Capital Loans Surge 34 Pct Square's gross payment volumes (GPVs) surge 29 percent year over year, and larger sellers â at volumes of $125K and above â make up a larger percent of the mix. Lending has increased at even faster rates. CEO Jack Dorsey also focuses on the recently released Square Terminal and how itâs gaining traction in restaurants. |
| 7-Elevenâs Chief Digital Officer On The Launch Of âScan & Payâ As mobile self-checkout gains ground, 7-Eleven is betting the convenience will be a natural fit for its convenience stores. The company is rolling out a scan-and-go option, called Scan & Pay, in Dallas â with an eye on a national rollout beginning next year. Gurmeet Singh, 7-Elevenâs chief digital officer and chief information officer, tells PYMNTS the ways the company hopes that Scan & Pay will pay off for the business and its customers. |
| Can Limeâs Safety Push Attract More Bike, Scooter Users? Mobility commerce isnât just about rideshares â companies such as Lime are working to expand consumer use of scooters and bikes, too. However, with more use comes more accidents â a Lime scooter rider was killed in September. Now, Lime is launching its biggest ad campaign, one centered around safety. In a new interview, Limeâs Director of Public Affairs Taylor Bennett tells PYMNTS about the scope and aim of the effort, and how it fits into the larger mobility ecosystem. |
| | AI Payments Gap Study | | NEW REPORT: Buzz Vs Reality â Measuring The AI Gap In Payments And Banking Letâs play buzzword bingo: âAIâ is so abuzz right now, itâs positively ablaze. However, does its usage live up to the label that the financial services and payments industry has given it? Not really. In the new study, The AI Gap, PYMNTS interviews executives at 200 FIs and analyzes over 12,800 data points. The research discovers that only 5.5 percent of banks actually use what experts call âtrue AIâ to reduce false-positives and fight AML, as well as optimize credit and other payments and banking products. Get all the details here. |
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