News

Faster Payments
Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
December 12, 2024

Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
AI Opens Gold Rush in Niche Business Software Markets
December 12, 2024

Silicon Valley investors are seeing a wave of opportunities in specialized software for laundromats, chiropractors and other previously overlooked industries as artificial intelligence improves profit potential. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Retail’s Digital Transformation: On-Demand Working Capital Powers Expansion
December 12, 2024

Retailers face the daunting challenges of managing inventory, staff, storage, shelf space — and, in most cases, a digital storefront — all while gauging consumer demand, which can be seasonal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
One-Click to Rule Them All: Why Merchants Are Betting Big on Faster Checkouts
December 12, 2024

When it comes to succeeding in eCommerce, conversion is king. Yet online merchants widely report having problems in delivering a high-quality checkout experience to their customers. In fact, more merchants encounter trouble in this area than in payment processing. Get the Full Story Complete the...

Banking
Basel Committee Debuts Credit Risk Guidelines for Banks
December 11, 2024

A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. 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....

Regulation
Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
December 11, 2024

Google reportedly asked the Federal Trade Commission (FTC) to end Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
December 11, 2024

Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. 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...

Regulation
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. 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...