News

Artificial Intelligence
Meta to Use GenAI to Automate Ad Creation and Targeting
June 02, 2025

Meta Platforms plans to create and target advertisements using artificial intelligence by the end of 2026. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Banking
3 Takeaways as Enforcement Actions and Data Breaches Roil BaaS Models
June 02, 2025

As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Reports: xAI Launches $5 Billion Debt Sale and $300 Million Share Sale
June 02, 2025

Elon Musk’s artificial intelligence company, xAI, reportedly launched a $5 billion debt sale and a $300 million share sale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

IPO
Stablecoin Issuer Circle Upsizes IPO, Seeks Valuation of $7.2 Billion
June 02, 2025

Stablecoin issuer Circle upsized its initial public offering (IPO) Monday (June 2), raising the expected price from the $24 to $26 per share it announced Tuesday (May 27) to $27 to $28 per share. Get the Full Story Complete the form to unlock this article...

Payment Methods
Glossary Cuts Through Jargon About Account-to-Account Payments
June 02, 2025

A burst of announcements, from Visa’s “buyer-protected” account-to-account (A2A) service in the U.K. to fresh funding for variable recurring payments, has pushed bank-to-bank transfers back onto corporate agendas. Yet the vocabulary can feel like alphabet soup. Below is a glossary that puts the main terms...

IPO
Chime Announces IPO Price Valuing It at $11 Billion
June 02, 2025

Chime Financial launched the roadshow for its initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

B2B Payments
Bringing the Momentum Back to Enterprise Digital Transformation
June 02, 2025

Digital transformation should result in digital capabilities, but it appears to be losing its momentum in many organizations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Digital Banking
Neobank Monzo Revenue Leaps 48% as Customers Adopt New Financial Services
June 02, 2025

British digital bank Monzo grew during its fiscal year 2025 as customers adopted more of the growing number of financial services it offers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
SemperVirens Launches Accelerator as FinTechs Scramble for Post-Seed Growth
June 02, 2025

For fledgling FinTechs chasing their first paying customer, the toughest stretch often begins after the seed check clears. Because building a company is a long journey. From concept to funding and finally go-to-market, each stage brings fresh obstacles. In the current macro climate, capital is scarcer thanks...