News

Banking
Payment Hubs Offer Banks a Path to Avert $98.5 Million in Annual Losses
June 13, 2025

In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Chime’s Nasdaq Debut Reignites FinTech IPO Momentum With 37% Stock Surge
June 12, 2025

Chime’s debut on the Nasdaq stock exchange Thursday was resoundingly positive, as the shares closed more than 37% higher. 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...

CFPB
Report: Fed’s Inspector General to Review Legality of CFPB Cuts
June 12, 2025

The Federal Reserve’s inspector general is reportedly reviewing the Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau (CFPB). 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...

Payments Innovation
Peymo Launches AI-Powered Digital Finance Platform
June 12, 2025

Peymo, a FinTech based in the United Kingdom, launched an artificial intelligence-powered digital finance platform that integrates fiat banking, cryptocurrency wallets, tokenized assets and embedded finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fintech Investments
Citi and Carlyle Group Partner on ‘Side-by-Side’ FinTech Fund
June 12, 2025

Citigroup and Carlyle Group have reportedly joined forces to fund FinTech companies. 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...

Investments
Conveyor Raises $20 Million for AI Agents to Automate Security Reviews, RFPs
June 12, 2025

Conveyor raised $20 million in a Series B funding round to expand the availability of its artificial intelligence agents that are designed to accelerate the B2B sales process by automating security reviews and requests for proposals (RFPs). Get the Full Story Complete the form to...

Retail
Amazon and Walmart Focus AI Investments on Their Retail Soft Spots
June 12, 2025

The everything consumer requires an everything retailer, and that’s the pole position that retail giants Amazon and Walmart have been battling for over the past two decades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
InvoiceCloud Unveils Real-Time Reporting With AI Report Generator
June 12, 2025

Online billing/payments service firm InvoiceCloud has debuted a new reporting tool. 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...

eCommerce
Chase Launches Shopping Platform That Lets Cardholders Pay With Points
June 12, 2025

Chase has launched a new online shopping experience that lets its cardholders pay with points, their card or both. 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...