Today on PYMNTS
Stripe’s $7 Billion OpenRouter Deal Turns AI Spend Into a…
The next corporate spender may not carry a company card, submit an expense report…
UPS Automates 90% of Daily Customs Clearances With AI Agents
A package crossing into the United States used to depend on a person to…
AI Agents Can Move Money, But They Can’t Pay for…
Agentic artificial intelligence (AI) wallets may be capable of moving money, negotiating terms and…
Wispr Flow Raises $280 Million and Debuts Voice AI Model
Voice artificial intelligence (AI) startup Wispr Flow is now a $2 billion company after…
Treasury Seeks Public Comment on GENIUS Act Licensing Rules
As the Treasury Department prepares to implement the GENIUS Act, it is seeking comment on…
Coldcard Breach Losses Now Exceed $115 Million
Losses from a recent security incident involving Coldcard hardware wallets have now surpassed $115 million. Get…
Synchrony Debuts ChatGPT Plugin to Promote Offers
Consumer financial services company Synchrony will launch a ChatGPT plugin that will allow consumers to discover savings and…
AI Labs Stop Competing on Smarts and Start Competing on…
The cost of querying an artificial intelligence (AI) model performing at GPT-3.5’s level fell…
Fireblocks Chooses Ex-SEC Commissioner as New Policy Chief
Blockchain infrastructure platform Fireblocks has named a new chief regulatory/policy officer and general counsel. Get the…
Uber Teams With Zipline to Expand Drone Delivery Service
Uber hopes to expand its U.S. delivery business by teaming with drone company Zipline….
Patient Financing Becomes Part of the Healthcare Checkout
For a patient facing a crown, a new pair of prescription lenses or an…
US Weighs Banning Nations From Pax Silica If They Join…
The United States is preparing to tell countries that they will be excluded from…
Groq Raises $350 Million to Fund AI Inference Goals
Artificial intelligence (AI) inference company Groq has raised $350 million in new funding. Get…
Freightos Shows the AI Freight Payoff Starts With Transactions
Global freight is becoming more digital, and it’s happening just in time for artificial…
Federal Regulators Reach Deadline to Identify FinTech Barriers
A federal review that could influence how FinTech firms partner with banks, pursue charters…
Albertsons AI Assistants Drive Immediate 26% Basket Growth Among Early…
Grocery retailer Albertsons Companies found that the customers who begin using its artificial intelligence-powered…
Stripe Finalizes $7 Billion Deal for AI Firm OpenRouter
Stripe has reportedly finalized its bid to acquire OpenRouter, an artificial intelligence (AI) startup. Get the…
Higgsfield Raises $400 Million for AI Video Platform
AI video generation platform Higgsfield is now a $5.4 billion company. Get the Full Story Complete…
When AI Becomes the Travel Agent, Who Owns the Journey?
Watch more: Monday Conversation With Booking Holdings’ Daniel Marovitz Get the Full Story Complete…
Legal Departments Move From Testing AI to Governing It
For decades, the legal department was one of the last enterprise functions to adopt…
42% of Stablecoin Holders Want Crypto for Major Purchases
Cryptocurrency’s path into everyday commerce may look familiar via a card in a wallet,…
Retail Earnings Will Show What Stretched Consumers Protect
America’s biggest retailers are about to turn a weak government sales report into a…
Goldman Sachs Says AI Spending Not Boosting Corporate Earnings
A jump in corporate artificial intelligence spending has not translated into a corresponding boost…
Alibaba Overtakes Google and Meta With 3 Billion AI Model…
Open-weight models from China’s Alibaba have reportedly become the world’s top artificial intelligence offerings….
Anthropic Touts 14-Fold Jump in Revenue for Would-Be Investors
Anthropic has reportedly shared a substantial jump in quarterly revenue with would-be investors. Get…
OCC Approves Conditional Bank Charter for Trump Family Crypto Company
American regulators have granted a banking license to a President Donald Trump-affiliated cryptocurrency company….
White House Convenes Meeting With Crypto and Prediction Market CEOs
Cryptocurrency and prediction market executives are reportedly meeting with Trump administration officials this week….
Italy’s Cheese Bank Finds Climate Risk Has a Rind
On Wall Street, “cheese” is slang for money. In Italy, they decided the metaphor…
Mastercard Seeks Deal Over Card Losses Left by Brazilian Bank…
Mastercard is proposing to pay half the amount demanded by Brazilian merchant acquirers that…
Nvidia Uses $500 Billion Financing Initiative to Dispel AI Bubble…
Nvidia’s $500 billion artificial intelligence financing initiative that was announced Monday (Aug. 10) aims…
PayPal Reopens Sale Talks With Stripe After Rejecting First Offer
PayPal Holdings is in talks with a group that includes Stripe and Advent International,…
Block and PayPal Find More Revenue in Merchant Loans
A merchant that once represented a stream of transaction fees can now represent a…
Speed Becomes the Product as OpenAI and Google Sell Faster…
OpenAI and Google both released faster artificial intelligence models this week. Both put speed…
OpenAI Appoints Former Wiz Executive Dali Rajic as Chief Revenue…
OpenAI appointed former Wiz executive Dali Rajic as chief revenue officer, according to a…
Banks Turn Fewer AML Alerts Into Bigger Financial Crime Leads
Financial institutions have spent years trying to see more suspicious activity. New data from…
Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure…
Goldman Sachs is talking with potential investors about participating in Nvidia’s $500 billion artificial…
Enterprise AI’s Hottest Job Just Found Its Biggest Skeptic
The fastest-growing job in enterprise AI is the forward-deployed engineer, the specialist companies hire…
Apple Teams Up With Alibaba to Bring Apple Intelligence to…
Apple worked with Alibaba Group to develop and train an Apple artificial intelligence model…
Allstate Prepares for Quantum Computing Arrival
Insurance company Allstate is investing in quantum computing now so that the company is…
SEC Cancels Planned Meeting on Registration Exemptions for Crypto Tokens
The Securities and Exchange Commission has abruptly canceled an open meeting scheduled for Friday…
Frontier AI Threats Drive Companies to Boost Security Budgets
After learning about the cyber capabilities of frontier artificial intelligence models, a higher percentage…
The Cloud Risk CFOs Aren’t Measuring: What Happens When a…
There’s a new nightmare scenario in enterprise cloud computing, and it’s not an AI-driven…
Retail Spending Pause Shows Consumers Picking Their Spots
July’s retail sales decline landed in the middle of a much more deliberate reset…
Western Union’s Intermex Deal Stalls in California
Western Union’s pending acquisition of International Money Express (Intermex) has received regulatory approval from…
US AI Labs Cut Prices 25% in 1 Month to…
Consumers are paying nearly 25% less for artificial intelligence models from leading U.S. labs…
OpenAI’s Revenue Run Rate Tops $40 Billion as IPO Nears
OpenAI is now on pace to bring in annualized revenue of more than $40…
Five Ways Consumers Make Tight Budgets Work Harder
Inflation has made household budgeting less about finding one big solution and more about…
SoFi Teaches Its AI Coach to Read the Financial Room
Watch more: Digital Shift With SoFi’s Brian Walsh Get the Full Story Complete the…
New Data: The Job Market Locks Down Consumer Spending
Inside the labor numbers of the August PYMNTS Consumer Expectations Index is a tale…
Merchants Find Revenue Hiding Behind the Decline Button
In a fragmented payments environment, how intelligently infrastructure decides what should happen to every…
Nearly 4 in 10 CFOs See Gen AI Paying Off…
CFOs have stopped treating generative artificial intelligence returns as one date circled on the…
Before AI Runs the Bank, It Can Replace the Card
Success with agentic AI will depend on how well banks redesign their operational foundations,…
Younger Members Push Credit Unions Toward Crypto Services
Crypto has a funny way of arriving before the meeting agenda catches up. Many…
Figure’s Blockchain Marketplace Tops $1 Billion Weekly Loan Applications After…
Blockchain-native capital marketplace Figure Technology Solutions saw its Consumer Loan Marketplace volume leap 132%…
Citi Plans to Acquire Kard to Deliver More Personalized Rewards
Citi’s U.S. Consumer Cards business plans to expand its customer engagement and commerce media…
AI Just Got Its First 24/7 TV Channel
Fairground AI Creator TV is a channel that runs entirely artificial intelligence (AI)-generated video…
Databricks Raises $5 Billion to Expand Enterprise AI Agent Platform
Data and artificial intelligence (AI) company Databricks raised $5 billion in a strategic funding round…
Microsoft Unifies Consumer and Enterprise Copilot in Push for Single…
Microsoft has begun combining its consumer and enterprise Copilot apps into a single product,…
Jobless Claims Tick Up Amid Summertime Slowdown
Jobless claims inched up last week in a move Bloomberg reported could be due…
Adyen Ties Loyalty to Payments as In-Person Volume Climbs 28%
Adyen’s first-half results were driven heavily by merchants already on its platform sending it…
AI Just Made Retail’s Long Tail Pay Off
For two decades, retail discovery has rewarded whatever already sold. A product with more…
DeepSeek Introduces Peak-Hour Pricing That Quadruples Current Levels
DeepSeek is adding peak-hour pricing for its flagship V4 models that will quadruple the current levels,…
Airwallex Adds Affirm Pay-Over-Time Options for US Shoppers
Airwallex is adding Affirm’s installment payment options to its checkout platform, giving merchants in…
CodeRabbit Raises $143 Million at $1.5 Billion Valuation to Govern…
Inside engineering organizations, the sequence of software development is changing. Developers, product managers, background…
DOJ Deploys 500 Prosecutors to Stop Fraud Against Government Programs
The Department of Justice’s National Fraud Enforcement Division, which was created earlier this year,…
What IBM’s Quantum Breakthrough Means for the $100 Million CFO
CFOs with a soft spot for science fiction have traditionally viewed quantum computing as…
SEC Tees Up New Crypto Regulations as CLARITY Act Continues…
The Securities and Exchange Commission (SEC) will consider a potentially significant overhaul of crypto…
S&P 500 Companies Claim First Payouts From $100 Billion Tariff…
More than 40 S&P 500 companies reported $9.6 billion in tariff refunds in the…
One Dog’s Cancer Vaccine Just Became a Real Company
The story went viral in March: a Sydney tech entrepreneur used ChatGPT and computational…
Paysafe Wallet Users Rise 8% as iGaming Volume Accelerates
Paysafe added more consumers to its digital wallets in the second quarter, but those…
Anthropic Pursues $6 Billion Decart Deal to Cut AI Costs
Anthropic is in talks to acquire Decart AI, a startup that makes chips work…
Amex Expands Virtual Travel Cards to Contractors and Guests
American Express is expanding the availability of virtual cards for businesses, as more companies…
FinTechs Muscle Into Banks’ Trade Finance Turf
Trade finance is stuck in a paradox. The world has plenty of goods to…
Klarna Launches New Membership Tiers With Fee Cuts and Higher…
Global digital bank and flexible payments provider Klarna has revamped its membership tiers in…
FinTech Navi Targets $2 Billion Valuation in India IPO
FinTech startup Navi is preparing to launch its initial public offering in India and…
Anthropic Could Seek $2 Trillion Valuation in Record IPO
Anthropic could bring the artificial intelligence boom to its biggest public-market test yet. Investors…
States Put Big Tech’s AI Advantage Under New Scrutiny
Watch more: TechReg With Tennessee Attorney General Jonathan Skrmetti Get the Full Story Complete…
Debit Is Becoming Gen Z’s Money Management App
Debit cards are a daily financial control panel for many Generation Z consumers, which…
Why AI’s Most Experienced Users Ask Agents Different Questions
As consumers become more comfortable with generative artificial intelligence, they begin using it in…
22% of Gen Z Consumers Use Credit to Build a…
For younger consumers, credit is increasingly a ladder: 21.7% of Gen Z consumers view…
Billtrust CTO Says a 1% AI Error Rate Can Create…
Clean data, strong governance and meaningful human oversight are essential to agentic AI, Billtrust Chief…
New PYMNTS Data Shows Basic Expenses Breaking the Summer Budget
Ask someone what makes summer expensive, and they’ll probably mention vacation plans or camp…
DraftKings Shows Rewards in Dollars to Simplify Redemption
DraftKings has rolled out a new rewards currency called Crown Cash that powers the…
Yuno Raises $45 Million to Drive Global Payments Push
Yuno raised $45 million in a Series B funding round to scale its artificial…
Companies Want to Own Their AI, Not Rent It
Enterprises are realizing that renting the same general-purpose artificial intelligence model as every competitor…
Housecall Pro Brings Klarna Payment Tools to Home Service Pros
Home service professionals using the Housecall Pro platform can now offer their customers Klarna’s payment solutions,…
OCC Stablecoin Reporting Proposal Tests Regulatory Alignment
Comment letters filed with the Office of the Comptroller of the Currency show where…
US Aims to Boost Trade of AI-Related Goods With Allies
The State Department has launched a program designed to speed the trade of artificial…
DeepSeek Targets Agentic Coding Market With New Team
DeepSeek is gearing up to compete with Anthropic’s Claude Code in the market for…
Flywire and Trustly Bring Open Banking Partnership to US
Flywire is expanding support for open banking payments in the U.S. and Canada. Get the…