Today on PYMNTS
Online Auctions Put a Price on Strange
Somewhere, someone has decided that a drawer containing 171 eyeballs is worth $2,640. Presumably,…
OPay Files for US IPO with 50 Million Active Users and Expansion…
OPay, a digital financial platform built for emerging markets, has 50.1 million monthly active…
Revolut CEO Targets Long-Term Growth With Proprietary Models
Revolut aims to expand its suite of technology products and, over the long term, grow…
Trump Urges Congress to Pass Credit Card Competition Act
President Donald Trump continues to urge Congress to pass the Credit Card Competition Act, a…
2 Years of SDNY FinCrime Cases Show New Technology Scaling…
Enterprise fraud and white-collar crime’s biggest shift over the past two years is less…
Overdrafts Expose a Divide in Credit Access
Running short of money before the next paycheck can force a consumer into making…
Vitalize Secures $31 Million to Address Healthcare’s Staffing Chaos
Vitalize raised $31 million in a Series A funding round to accelerate the growth…
Apple Scales Back iPhone 18 Orders as Price Hike Cools…
Apple has reduced its orders of components for the latest iPhones for October by…
Aston Martin F1 Uses AI to Monitor Rival Radio
Aston Martin’s Formula One team now listens to 40 race radio channels at once,…
Blockchain.com Seeks US Approval for Event Contracts and Derivatives
Digital asset platform Blockchain.com applied for licenses to offer event contracts and cryptocurrency derivatives in…
Bending Spoons Deploys AI to Overhaul Acquired Software Companies
Artificial intelligence has been valuable to Bending Spoons, a company that buys digital businesses…
Banks Put AI Agents Through Performance Reviews
A fund manager in Hong Kong emails BNY at 2 a.m. New York time…
Mastercard CEO Says Stablecoins Solve Cross-Border Payment Delays
Cross-border payments are proving to be the strongest use case for stablecoins, Mastercard CEO Michael Miebach said Friday…
CFPB Adopts ‘Lighter Touch’ Bank Supervision Amid Funding Battle
Banks and other consumer lending institutions are finding it easier these days to score…
Automation and AI Move Deeper Into Payment Exceptions
Much of payment processing already happens without an employee touching the transaction. The “hands-on”…
AI Agents Can Make Cross-Border Payments Faster, But Not Fix Why They Fail
Moving money across borders may be one of the last steps in an international…
Japan Races to Improve Cybersecurity After Hacks Expose IDs
Japan’s government agencies are racing to improve the country’s cybersecurity measures after more than…
Cost and Compliance Hurdles Could Slow AI Insurance Shopping Agents
Picture this. You ask an artificial intelligence assistant to find you cheaper car insurance,…
OpenAI Projects $20 Billion Jump in Annualized Revenue Before Year…
OpenAI expects its annualized revenue to reach at least $70 billion by the end…
Splitit CEO Says AI Agents Need the Full Financial Picture…
Watch more: Need to Know With Splitit’s Nandan Sheth Artificial intelligence could turn pay…
59% of Firms With AI Fraud Defenses Stop Losses Before…
Businesses that combine several artificial intelligence tools to fight payments fraud are nearly twice…
New Data Shows Small Businesses Use AI to Grow Without…
Key Findings Most small businesses now use AI, and the ones that are growing…
OCC and Fed Fine American Express $350 Million Over AML…
American Express takes its responsibility to fight financial crime seriously and is committed to…
Apple Readies Launch of First Touchscreen MacBook
Apple plans to unveil its first touchscreen MacBook and a new iPad mini on…
Lawmakers Urge Google and Spirit Airlines to Pause Data Sale
A Google spokesperson told PYMNTS on Thursday (Oct. 8) that the company has already…
McDonald’s Lawsuit Joins Widespread Legal Challenges to AI Pricing Algorithms
A federal antitrust lawsuit brought against McDonald’s this week illustrates the complexities involved in…
CFOs Risk Losing Control of Working Capital One Sales Contract…
The biggest threat to a company’s working capital strategy is now commonly hiding in a perfectly drawn up sales contract, not an overdue…
NFL Urges Supreme Court to Allow State Oversight of Prediction…
The National Football League (NFL) told the Supreme Court that the league wants local gambling regulators…
Revolut CEO Targets Wall Street IPO
If Revolut pursues an initial public offering, CEO Nik Storonsky wants the primary listing to be in the…
Supply-Chain Data Moves Into SMB Underwriting
Small businesses that sell physical goods generate records before the commercial activity is reflected…
Epic’s AI Security Test Exposes Untraceable Patient Data Access
Epic Systems found flaws in certain MyChart configurations that could let someone view patient…
Tech Giants Contribute $2.4 Billion in AI Resources to White…
The White House announced Thursday (Oct. 8) that 11 companies have committed a total…
SAP and Samsung Shift Stablecoin Competition From Issuance to Distribution
The stablecoin industry has traditionally measured progress through issuance, transaction volume and blockchain activity….
Walmart Accelerates Connected Shopping Race With 1-Hour Express Pickup
Walmart has begun rolling out a new option that offers Walmart+ members curbside pickup…
Natura Wants People Controlling AI Agents From Their Fingers
Artificial intelligence and hardware startup Natura has reportedly debuted a smart ring designed to let users…
AI Answers Get Cheaper as Model Choices Multiply
A bank’s customer-service team fields thousands of routine questions a day. Where is my…
Spotify Opens Tech Resources to Outside Development Teams
Spotify launched a site called Spotify Technology that is designed to open the streaming…
Amazon Trims Corporate eCommerce Jobs in Latest Downsizing Wave
Amazon cut fewer than 1,000 white-collar jobs in the unit that oversees its main eCommerce…
Fed Data Shows Tariffs Drove Inflation in 2025
New research shows that the cost of many consumer goods would have declined last…
Amazon Unveils Line of Tablets Powered by Alexa+
Amazon has debuted a line of tablets with its artificial intelligence (AI) system built in….
Starbucks Weighs Takeover Bid for Slumping Chipotle
Starbucks has worked with advisors on a takeover proposal for Chipotle Mexican Grill, the…
Walmart Says It Prices ‘Products, Not People’ as Amazon Rolls…
Amazon spent the week telling shoppers how much they could save. Walmart spent part…
Clarity Act Sponsor Says SEC, CFTC Crypto Rules Cannot Replace…
House Financial Services Committee Chairman French Hill said the Securities and Exchange Commission and…
Coinbase and Samsung Team to Bring Stablecoins to Digital Wallets
Coinbase is expanding its partnership with Samsung to power the stablecoin experience in the electronics company’s digital…
AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits
JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits…
Google Cloud Targets Enterprise Market With Universal Agent for Work
Google Cloud announced a universal artificial intelligence agent for work called Gemini agent that…
Mastercard and SoFi Tech Solutions Help Orbi Launch Crypto Card…
Mastercard and SoFi Tech Solutions teamed to help Mexican FinTech Orbi introduce a cryptocurrency-linked…
Push for Mandatory AI Safety Rules Gains Momentum in Washington
Sen. Maria Cantwell of Washington, the ranking member on the Commerce, Science and Transportation…
What the Treasury and SEC Can Teach CFOs About Fraud
The most expensive fraud control is becoming the one that works perfectly, just a…
Consumers Brace for Higher Prices and Plan to Spend More…
Consumers are entering the final months of the year less worried about losing their…
Manus Raises $500 Million After China Blocks Meta’s Acquisition
The parent company of artificial intelligence agent startup Manus, Butterfly Effect, has raised $500…
Nvidia-Backed Firmus Grid IPO Reveals Investors’ AI Jitters
Firmus Grid, a Nvidia-backed Australian data center company, is having trouble generating support for…
Peppermint Secures $4.7 Million to Fix Clinical Trial Billing
Peppermint raised $4.7 million in seed funding for its artificial intelligence-powered financial operations platform…
Wise Third-Party Software Glitch Leads to 4,000 Incorrect Tax Statements
Wise is reportedly negotiating a settlement after a software glitch affected thousands of customers’…
Coinbase Looks to Cash in as Banks Embrace Crypto
Coinbase is reportedly expanding its services for traditional financial firms amid growing institutional cryptocurrency…
Mastercard Bets Shoppers Will Trust AI Agents One Purchase at…
Watch more: The Agentic Experience With Mastercard’s Pablo Fourez Consumers won’t hand artificial intelligence…
B2B Payments Already Have the Controls AI Agents Need
Watch more: How Payments Turn AI Into Action Every swipe, ACH transfer or virtual…
Gen X at the Peak: Why High Earners Are Feeling…
Scoping Gen X’s Financial Lifestyle About seven in 10 Gen X consumers live paycheck…
Insurers Lead on Billing but Still Miss What Policyholders Want
Property and home insurers have the best billing and payment scores of any industry…
Higher Prices Are Splitting Consumers Into Three Camps
Americans facing higher bills are taking three different approaches to their paychecks, and the…
Scams Move From the Inbox to the Text Screen
A bank can monitor a login, score a transaction and flag unusual account activity….
Ripple Wins Wall Street Business With Brevan Howard Deal
Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to Brevan Howard…
North Dakota Lenders Report Faster Settlement With State Bank’s Stablecoin
Financial institutions that are using the Bank of North Dakota’s (BND) new stablecoin, Roughrider…
Citi Wealth Sees Long Runway for AI Spending Despite Bubble…
The artificial intelligence buildout is still in its early-to-middle stages, Citi Wealth said in…
Hilton’s AI Planner Maps Trips and Keeps Bookings Direct
A traveler who types a vague idea for a winter getaway into Hilton’s website…
OpenAI Enables ChatGPT to Answer With Visuals and Interactive Experiences
ChatGPT is getting a new user interface that enables it to include text, visuals and…
Markets Watch Upcoming Samsung Earnings for Signs of Cooling AI…
When Samsung Electronics releases its preliminary third quarter results Thursday (Oct. 8), analysts will…
OFAC Warns Sanctions Risk Can Hide Deep in the Payment…
The next sanctions shock for a multinational may not arrive as the name of…
Consumers Get Choosier About Credit
Consumer credit is still growing, but consumers eased off the form of borrowing they…
Microsoft Turns Windows PCs Into Command Centers for AI Agents
Microsoft announced new software tools and devices that are designed to make personal computers…
Pinterest AI Tells Users What to Ask Their Stylist
A saved haircut on Pinterest now comes with a script for the stylist. Pinterest…
Revolut Pays for New Customer IDs After September Data Breach
Revolut’s CEO for Western Europe, Béatrice Cossa-Dumurgier, said the company will pay the cost…
Used Car Prices Poised to Dip Amid High Gas Prices
New Cox Automotive projections show used car prices dipping more than previously expected. The forecast from the automotive…
Google and Unity Team to Let Users Build Their Own…
Google plans to launch an artificial intelligence (AI)-powered gaming platform in partnership with video…
Student Lender Mpower Shutters Following Immigration Crackdown
Mpower Financing, an American lender focused on loans to international students, is reportedly shutting…
Chase Adds Payroll to Larger Business Banking Offering
Chase is expanding its payroll service to help business clients dealing with cash flow…
AI Can’t Fire You in California Without a Human
California employers will soon need a person to stand behind any artificial intelligence-driven decision…
U.S. Bank Debuts Service to Help Clients Spot Identity Threats
U.S. Bank introduced a service called Project 360, designed to help customers protect their…
Community Banks Sue OCC Over Crypto Trust Bank Charters
The Independent Community Bankers of America (ICBA) has taken its long-running fight against special-purpose…
UPS Trims Seasonal Hiring After Planned Package Volume Reduction
UPS is hiring 100,000 seasonal employees in hundreds of locations across the United States…
Fraud Becomes a Bigger Cost of Running a Neobank
Neobanks are spending far more on fraud prevention even as their fraud losses continue…
Ramp Veterans Raise $25 Million for AI Creative Platform Melius
Melius, a startup offering AI agents for creative work, has raised $25 million in…
Meta Debuts AI Tools to Help Advertisers Find Customers
Meta is debuting new artificial intelligence capabilities and campaign tools designed to help advertisers…
ERP Platforms Embrace Payment Execution, Putting Bank Portals on Notice
The corporate finance provider landscape has traditionally been defined by a simple truth. However…
Stablecoin Rails Provider Noah Closes $38 Million Seed Funding Following…
Noah, a stablecoin payments infrastructure provider focused on cross-border transactions, closed its seed funding…
New York City Council Grills AI Giants Over Safety Risks
What are the odds that artificial intelligence leads to a disaster? New York City…
Microsoft Eyes Agentic AI Expansion With New Nvidia Laptop
Microsoft is ready to unveil a Nvidia-powered laptop as it works to make Windows…
First Digital Eyes Agentic Commerce Expansion With SPAC Listing
Hong Kong-based stablecoin issuer First Digital says it is ready for its stock market debut. The…
Apple Teams With LG to Expand Smart Home Offerings
Apple’s new smart home hub will reportedly extend beyond the confines of the home. …
AI Made B2B Fraud Cheap and Trust Expensive
Watch more: Stopping B2B Fraud Before AI Moves the Money Artificial intelligence is breaking…
Why Multi-Rail Strategy Is Banking’s Next Competitive Edge
A Road for Each Reason Every payment rail offers unique strengths, making multi-rail capability…
AI Agents Turn Permission Into Payments’ New Control Point
Agentic commerce is creating a new transaction type before the payments industry has fully…
Careful Consumers Want Control. SoFi Says Banks Should Hand It…
Watch more: Need to Know With Max Spivakovsky of SoFi A consumer does not…
Congress Wants to Unplug the Scam Call Factory
A pair of representatives last week unveiled legislation targeting one piece of the increasingly…
5 Ways Missing Payment Options Send Shoppers Elsewhere
A shopper who reaches checkout has already selected what to buy. For tens of…
Just 11% of Retailers Measure Embedded Finance Success by ROI
Embedded finance is delivering measurable benefits for retailers, but the way they judge whether…
Meta and Sierra Build Standard for How Personal Agents Interact…
An open standard that defines how personal agents interact with businesses is being developed…
Treasury Program Blocks $175 Million in Federal Payments Bound for…
The Treasury Department’s new payment verification process stopped $175 million in payments that would…
Fed’s Bowman Decries ‘Antiquated’ Analysis Blocking Rural Bank Mergers
There is more work to be done in modernizing the bank regulatory and supervision…
CarMax Lets AI Take the Call, Not the Sale
A shopper who calls a CarMax store to ask about hours or whether a…
Lambda Targets $14.5 Billion Valuation in Final Pre-IPO Round
Cloud computing company Lambda is raising as much as $4 billion in a funding round that…
Auto Dealers Pull Banking Into Their Operating Software
Dealer management systems house the information tied to the operation’s financial activity. Customer balances,…
Anthropic Expands Discounts and Support for Founders
Anthropic expanded its Claude Startups program to more founders, the company said via its…
Stripe to Power Small Business Underwriting With FedEx Supply Chain…
FedEx Dataworks, the insights and intelligence subsidiary of FedEx Corp., and Stripe plan to…
Wells Fargo Mobile App Can Personalize Debit Card With Photo
Wells Fargo says customers can now personalize debit cards within its mobile banking app….