News

Banking
JPMorganChase Investment Banking Targets Smaller Clients
July 08, 2026

JPMorganChase is focusing on smaller companies as it expands its investment banking operations. 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....

Artificial Intelligence
OpenAI Readies GPT-5.6 Launch as White House Lifts Restriction Request
July 08, 2026

OpenAI will publicly launch its GPT-5.6 Sol, Terra and Luna models Thursday (July 9) after initially limiting their release at the request of the U.S. government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
U.S. Bank Debuts Tool for Faster Small Business Money Movement
July 08, 2026

U.S. Bank has introduced a tool to help small businesses move money faster. 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...

Artificial Intelligence
SpaceX Debuts Expanded Version of Grok AI Model
July 08, 2026

SpaceX has introduced a new AI model created in tandem with AI coding startup Cursor. 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,...

Cross-border Payments
Bank of America: Cross-Border Payments Must Work Like Local Ones
July 08, 2026

Watch more: Need to Know With Bank of America’s AJ McCray 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...

Loyalty & Rewards
The New Competition in Card Rewards Is Over Rules, Data and Money
July 08, 2026

Credit card rewards were built for a world where the issuer set the terms, the consumer spent and the value arrived later. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
Banks Are Racing Into AI Faster Than Security Can Follow
July 07, 2026

The Model Context Protocol, or MCP, is an open standard introduced by Anthropic in late 2024 that lets artificial intelligence (AI) agents connect to business systems the way applications call application programming interfaces (APIs) using a common interface instead a custom-built connection for each tool,...

Artificial Intelligence
BlackRock Says Hyperscalers Need Private Credit to Fund AI Boom
July 07, 2026

Companies building artificial intelligence infrastructure will increasingly seek financing from private credit, Jean Boivin, head of the BlackRock Investment Institute, said Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Open Banking Moves From Access to Economics
July 07, 2026

Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether...