News

Banking
Report: Banks Shutting Customer Accounts Over Fraud
November 05, 2023

In the banking world, it’s a practice known as “exiting” or “de-risking.” 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...

Retail
Why Retailers Don’t Want Consumers to Get an Extra Hour of Sleep
November 04, 2023

On Sunday (Nov. 5), most U.S. states will “fall back” an hour, giving people an extra wink of sleep. While the states that embrace this time change will relish the extra hour of slumber, the existence of Daylight Saving Time (DST) has long been a subject...

Artificial Intelligence
A Look at U.S. Initiatives on AI Use and Its Development
November 03, 2023

President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
The Clearing House Says Processing Error Impacted Less Than 1% of Daily ACH 
November 03, 2023

The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at some banks.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Elon Musk’s xAI to Release AI Model to Select Group
November 03, 2023

Elon Musk’s startup xAI will release its first artificial intelligence (AI) model on Saturday (Nov. 4). 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...

Retail
Burger King Owner Sees Drive-Thru as a Hold Back to Digital Transformation
November 03, 2023

As Restaurant Brands International (RBI) looks to reach 100% digital sales, the drive-thru channel remains a sticking point.  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...

Artificial Intelligence
This Week in AI: Regulatory Ramp Up and Industry Innovations 
November 03, 2023

Another week, another explosion of news generated by generative artificial intelligence (AI). 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...

Payment Methods
PayPal’s Bet to Boost Security May Pay Off in Broader Usage
November 03, 2023

As consumers’ eCommerce activity grows, so does their use of digital payment methods. 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....

Banking
Bank of England Official Says Technology Increases Risk of Bank Runs
November 03, 2023

With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. 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...