News

Regulation
Senate’s Stablecoin Bill Heads to Final Vote After 68-30 Procedural Vote
June 11, 2025

The stablecoin bill moving through the U.S. Senate reportedly got closer to final passage Wednesday (June 11) after a 68 to 30 procedural vote removed an obstacle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Farsight Raises $16 Million for Financial Automation Platform
June 11, 2025

Farsight, an automation platform for financial institutions, raised $16 million in a Series A funding round. 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...

Regulation
CLARITY Act Advances to Full US House After Committee Votes
June 11, 2025

The CLARITY Act, which aims to establish a regulatory framework for digital assets in the U.S., is set to be considered by the full U.S. House of Representatives after being advanced by two House committees Tuesday (June 10). Get the Full Story Complete the form...

Artificial Intelligence
Nvidia and Perplexity to Facilitate Sovereign AI Models in Europe and Middle East
June 11, 2025

Nvidia and Perplexity partnered to facilitate the deployment of sovereign artificial intelligence models across Europe and the Middle East. 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
CFPB Enforcement Director Quits Saying Agency ‘Under Attack’
June 11, 2025

Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau, resigned from her post. 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,...

B2B Payments
80% of Firms Targeted by Payment Fraud as Traditional Defenses Lag
June 11, 2025

Businesses wrestling with sluggish cash flow and escalating fraud are increasingly looking to digital payment solutions, according to a recent PYMNTS Intelligence report highlighting the challenges of legacy methods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

eCommerce
Retail Brands Risk Losing Billions When Checkout Processes Fall Short
June 11, 2025

Global eCommerce players focus on user experience, brand loyalty and speed, but they often overlook payments. 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...

eCommerce
Stitch Fix: AI-Powered Personalization Will Overcome Any Macro Challenges
June 10, 2025

Personalization is a tool that will help Stitch Fix retain and even gain market share amid any potential external headwinds like tariffs or a slowdown in consumers’ discretionary spending, executives said Tuesday (June 10) during the online personal styling service’s quarterly earning call. Get the...

Retail
Rite Aid Prepares to Sell Remaining Assets
June 10, 2025

As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands...