Today on PYMNTS
Global Payments Expands Authentication Platform With Visa Data-Sharing Tool
Payment technology provider Global Payments announced in a Monday (Nov. 9) press release that it…
Banks Draw Lines Around Customers’ AI Agents
Banks are beginning to consider how much access artificial intelligence (AI) agents should have…
Consumers See a Brighter Economy but Less Room in the…
Consumers took a slightly brighter view of the economy in October in a PYMNTS…
geniosAI Raises $19.1 Million to Bring Traceable AI Analysis to…
Financial institutions looking for artificial intelligence applications beyond employee productivity tools may have a…
Binance Heist Crew Employs Meme Coins to Launder Funds
The hackers behind last month’s historic heist at Binance are using memecoins to launder…
Meta and Anthropic Push AI Models Into More Complex Work
The race to build more capable artificial intelligence models is moving into a new…
Meta Forms Sales Group to Sell AI to Small Businesses
Meta has reportedly formed a sales organization as part of a plan to monetize…
EU Warns Against Big Tech Security Threats
European Commission Executive Vice President Teresa Ribera said Monday (Nov. 9) that the European…
Nexi Sells Payment Provider Ratepay to Affirm
European digital payments infrastructure company Nexi is selling its payment provider business Ratepay to…
How Better Payment Details Help Banks Screen Crypto Exposure
Authorities in the United States are targeting the firms that move money for sanctioned…
Citizens Intros Treasury Intel for Commercial Clients
Citizens Bank has introduced a digital platform designed for its commercial banking clients. Citizens…
Venmo Adds Receipt Scanning to Simplify Bill Splitting
Venmo is making it easier for customers to divide shared expenses by introducing a…
AmEx Takes Page From Trading Cards With Fanatics Deal
American Express (AmEx) has introduced a co-branded credit card in partnership with sports platform…
Amazon Haul Launches Pre-Holiday Deals as Users Jump 350%
Amazon is observing the second anniversary of its “Haul” discount store amid a surge…
Clarity Act Faces Rewrite but Retains Bipartisan Opening
The Clarity Act may be dead in its current form after Democrats swept the…
PNC Opens USDC Stablecoin Payments to Corporate Clients
PNC Bank is making incoming USDC stablecoin payments available to its corporate and institutional…
Microsoft AI Chief Mustafa Suleyman: Agents Could Deserve Rights if…
Microsoft AI CEO Mustafa Suleyman said in a Nov. 1 post on social platform…
Maryland AI Tracker Focuses on National Job Gains and Displacement…
Maryland’s comptroller has launched a public AI Economic Impact Tracker that brings together evidence…
Experian Gives BNPL Users a Preview of What Lenders See
Experian made additions to its Boost product designed to help renters in the United…
Canada Launches Real-Time Rail for 24/7 Payments
Canada has officially launched its Real-Time Rail Monday (Nov. 9), introducing around-the-clock payment infrastructure…
Doximity Expands AI Tools for Hospitals, Targets Drugmaker Ad Dollars
Clinical artificial intelligence company Doximity is expanding its AI tools across hospitals in the…
Nvidia Board Probes CEO Jensen Huang’s Relationship With Accused Spy
Nvidia’s board is investigating reports that CEO Jensen Huang is the target of a…
Meta Strategy Chief Dave Wehner Departs for AI Startup Fireworks
Meta Chief Strategy Officer Dave Wehner announced on social platform X that he is…
Grok Bot Calls Customer Service, but Humans Remain on the…
Businesses have artificial intelligence (AI)-powered agents on their customer service lines, and customers now…
AWS’ $100 Million AI Bet Is on Reaching Patients, Not…
The next breakthrough in healthcare artificial intelligence may be making healthcare economically viable in…
Priority Commerce Deepens NFL Ties With Browns’ Ticketing Pact
Priority Commerce’s collaboration with the National Football League (NFL) continues with a new partnership…
Coinbase Gets OCC’s Blessing to Launch Trust Bank
Coinbase has reportedly gotten regulatory approval to establish a nationally-chartered trust bank. The approval…
The Cure for Healthcare’s Collections Problem Starts at the Front…
Watch more: Monday Conversation With Superscript’s Rahul Naidoo The medical bill that lands in…
Unexpected Expenses Hit More Consumers Still Keeping Up With Bills
Keeping up with monthly bills leaves another financial test for paycheck-to-paycheck consumers: finding room…
Big Tech Faces Tougher Scrutiny of AI Spending After Selloff
The past week’s technology selloff increased pressure on the companies financing artificial intelligence’s expansion….
Telecom Companies Give AI Agents More Responsibility
This week The Prompt Economy weekly dials up the telecom sector. It’s here that…
US Fans Walk Away From $110 Billion in Experience Purchases…
A fan can spend weeks looking forward to a concert and lose interest in…
44% of Brands Want to Set the Rules for Checkout…
Every brand in a PYMNTS Intelligence survey could see a reason to fund rewards…
Smarter Security Takes More Than a Bigger AI Model
AI models matter, but their real value depends on the harness around them, PayPal…
The Experience Economy
Fans will make room in a tight budget for a concert or a weekend…
Feds Pull Proposals for Reporting Crypto Transactions
Federal regulators have withdrawn plans that would have expanded reporting requirements around cryptocurrency transactions….
Apple CEO Pushes for Greater Progress on AI
Apple’s CEO is reportedly pressuring the company’s artificial intelligence czar to move faster with…
OpenAI Valuation Hits $1.25 Trillion in New Funding Round
OpenAI’s valuation has reportedly reached $1.25 trillion, $50 billion less than the company had…
Gnosis Pay Breach Reveals Crypto Customer Home Addresses
Gnosis Pay has disclosed a data breach that revealed customer information, the latest in…
Binance CFO Departs Following Historic $6 Billion Heist
Binance’s chief financial officer is stepping down following a record heist at the world’s…
Amazon-Uber Eats Deal Leaves DoorDash Investors Queasy
Amazon’s newly launched partnership with Uber Eats has reportedly left DoorDash investors feeling uneasy….
Crypto Sector Geared for More Scrutiny Under New Congress
On the campaign trail, President Donald Trump pledged to make America the world’s “crypto…
Black Friday Escapes the Calendar and Heads for Your Wallet
Black Friday has developed a scheduling problem. It keeps arriving before Friday. The official…
Revolving Debt Jumps as Spending Strains Credit Cards
The fastest-growing part of consumer credit in September was the kind that lets a…
BMO Turns to Agentic AI to Resolve Card Issues
BMO is employing an artificial intelligence (AI) agent to help clients resolve credit card…
Sysco Counts on AI Routing and Bidding for $500 Million…
If you want to learn about enterprise artificial intelligence adoption, look no further than…
Study Finds Most Stablecoins Fail GENIUS Act Requirements
New research shows most U.S. dollar stablecoins will not follow the GENIUS Act’s reserve…
Samsung’s 82-Million-Device Bet Shows Stablecoin Wars Moving Beyond Crypto
Stablecoins are becoming a distribution business before they have conclusively become a profitable payments…
Nubank and Mercado Pago Pause Crypto Operations Following Provider Issues
Nubank and Mercado Pago paused some cryptocurrency operations due to issues with third-party providers,…
Rising Home Repair Costs Place More Pressure on US Households
As energy prices rise, Americans are reportedly finding it harder to repair their homes….
Synctera Raises $24.5 Million to Support New BaaS Demand
Embedded finance and banking-as-a-service (BaaS) company Synctera raised $24.5 million in new funding, according…
Tech Giants Ration Premium AI as Company Budgets Hold
Big Tech companies are putting limits on how much each employee can spend on…
Amazon Lets Users Text Alexa to Get Shopping Help
Amazon will begin giving customers the option to text its Alexa for Shopping tool…
Arkansas Sues Kalshi as Federal Courts Leave State Gambling Enforcement…
Arkansas Attorney General Tim Griffin sued Kalshi Wednesday (Nov. 4), accusing the prediction market…
Anthropic Launches Claude Personal Finance Ahead of Nasdaq Listing
The game is on for large language models (LLMs) and financial services. Anthropic unveiled…
Hyperliquid Wants to Become Futures Commission Merchant in US
Digital asset treasury company Hyperliquid Strategies wants to become a futures commission merchant (FCM)…
Financial Oversight Draft Bill Gets Early Start on Democrats’ AI…
Democrats are preparing a slate of artificial intelligence bills for when they take control…
Smaller Retailers Fear Fuel Costs Will Dampen Holiday Sales
America’s smaller retailers could be facing a tough holiday season due to high shipping…
DraftKings Stock Plunges 20% as $700 Million Prediction Markets Bet…
DraftKings is betting hundreds of millions of dollars on customers it may not be…
How Banks Can Avoid Sending a Stablecoin Payment Twice
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30….
FBI Charges Three in $129 Million AI Impersonation Scam
The FBI accused three people of orchestrating a long-running $129 million artificial intelligence-powered impersonation…
Aave Labs Acquires Avon Tech to Take On-Chain Lending Mainstream
Aave Labs has acquired the team and technology behind Avon to further its efforts…
By the Numbers: The Best of PYMNTS Intelligence Nov. 6
AI is gaining influence over financial decisions, but consumers and businesses aren't ready to…
Fraud Costs Financial Institutions More Than Money
A card issuer can give an artificial intelligence shopping assistant permission to buy a…
Why Data Access Isn’t Enough for AI Readiness
Connecting artificial intelligence to a knowledge base is only the starting point for AI…
The Money Prompt: Consumers Want Advice Without Giving Up Control
AI is gaining a voice in consumers’ financial decisions, but they aren’t ready to…
Affirm CEO Expects AI Shopping Agents to Favor Interest-Free Installments
Affirm CEO Max Levchin expects more purchases to be financed with interest-free installment loans…
Anthropic IPO Faces $500 Billion Valuation Hit After Tech Stocks…
The valuation or the timing of Anthropic’s planned initial public offering could be impacted…
BILL Slashes Underwriting Times From 3 Hours to 12 Minutes…
Artificial intelligence agents are saving BILL’s teams more than 1,400 hours per month, which…
OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
OpenAI Co-Founder and President Greg Brockman said Wednesday (Nov. 4) that the company could…
Monzo Eyes VC Funding as Private Equity Talks Stall
London-based digital bank Monzo is considering a funding round that would value it at 7.5 billion…
Payment Processors Compete on Checkout With Passkeys
A shopper taps “Pay” with a card they’ve already saved. The retailer has the…
Visa Finds AI Models Fail 43% of Shopping Test Runs
Visa found that when 22 artificial intelligence models from 12 labs were put through…
Moonshot’s Open-Weight Model Tops OpenAI on Financial Research Benchmark
The gap between open and closed artificial intelligence models narrowed again this week. Moonshot…
Anthropic Invites Banks to Help Shape Personal Finance Offerings
Anthropic is rolling out a Personal Finance feature in Claude and is inviting financial services professionals…
Amazon Raises Seller Fees as Walmart Courts Holiday Shoppers
Amazon will charge marketplace sellers in the United States an average of 19 cents…
Oscar Health Focuses on Workforce Shifts as Revenues Jump 70%
Oscar Health sees the rise of gig work and independent contractors shaping the future…
Priority Commerce Revenues Rise 11% Ahead of Go-Private Deal
Priority Commerce saw its revenue increase in its last quarter as a public company….
Block Will Pay $764 Million to Resolve AML Investigation
Block is reportedly paying $764 million to resolve a Justice Department investigation of its…
Mercado Bitcoin Hack $8 Million Larger Than First Reported
Hackers stole tens of millions of dollars from Brazilian cryptocurrency exchange Mercado Bitcoin earlier…
Apple Capped AI Spending. PYMNTS Data Shows Where CFOs Should…
Does enterprise artificial intelligence (AI) save teams money, or cost companies cash? It’s a…
Fed Says Banks Tightened Small Business and Subprime Lending
Banks reported that during the third quarter, they tightened their lending standards for small…
Walmart Adds 300 Sites to Drone Delivery Network
Walmart agreed to a new multiyear partnership with Zipline to add at least 300…
DOJ Launches Super Intelligence Task Force to Combat AI Fraud…
The Department of Justice formed a task force dedicated to protecting taxpayers in the…
Crypto Faces Tougher Congress as Financial Pressures Mount
Artificial intelligence (AI) is not the only technology facing a rockier road in Washington…
Payoneer B2B Volume Surges 59% Ahead of Nuvei Acquisition
Cross-border payments firm Payoneer increased its revenue by 5% year over year to $222 million in…
FinTechs Hand AI Agents the Company Card
Artificial intelligence (AI) agents are getting corporate cards of their own. The cards let…
Huntington Platform Unifies Distributed Treasury Operations
The Huntington National Bank launched a treasury management platform that brings together treasury operations…
Lyft Debuts Joint Membership Program With DoorDash
Lyft is expanding its partnership with DoorDash with a new joint membership program. Lyft…
Morgan Stanley Bets on Tokenization, but Who’s Funding the Other…
Wall Street is getting ready to modernize post-trade plumbing and experiment with tokenized real-world…
Palo Alto Eyes $500 Million Purchase of Clutch Security
Palo Alto Networks is reportedly in talks to acquire Clutch Security for around $500…
Priority Commerce: College Sports Payments Need More Than Signed Contracts
Watch more: Need to Know With Priority Commerce’s Brendan Kirsch College sports programs can…
Midterm Results Set Stage for Tougher Cybersecurity and AI Oversight
Democratic control of Congress is expected to bring closer scrutiny of federal cybersecurity staffing,…
FinTechs Want Proof of Demand Before Launching New Products
Third-quarter earnings results and a European bank launch show where FinTechs are finding room…
Mercedes Hopes to Woo Motorists With In-Car Conversational AI
Mercedes-Benz believes there is a market for drivers who wish to talk to their…
Tripadvisor Announces Restructuring and CEO and CFO Transitions
Tripadvisor said in two Thursday (Nov. 5) press releases that CEO Matt Goldberg and…
Binance Heist Raises Concerns Among Banking Regulators
Last week’s record hack of cryptocurrency exchange Binance prompted regulators in the United States…
Klarna Targets Scam Calls With New Verification Tool
Pay later and digital finance firm Klarna made its anti-scam call tool, Call Status…
Firmly Lands $15 Million as Investors Back the Merchant Side…
Artificial intelligence agents are becoming a new place to shop faster than merchants can…
Gen X Automates Retirement but Still Scrambles to Save for…
Generation X has already embraced one of the most effective ways to save for…
How Large US Companies Put AI Agents to Work
AI agents have crossed the company threshold. Getting permission to do the work is…
The PYMNTS Agentic Edge Index: How Leading Companies Put AI…
AI agents have arrived at large U.S. companies, but most still don't have permission…
Payment Hubs Gain Ground as 35% of Financial Institutions Plan…
Banks can give customers more payment choices without giving them more decisions to make….
Tungsten CEO Says It’s Time B2B Networks Gave Suppliers a…
Watch more: Need to Know With Tungsten Automation’s Peter Hantman The buyer-supplier network has…
Flagright Wants to Move Humans to Where Compliance Decisions Count
AI agents can handle lower-risk work, while people must own decisions that impact a…