After the June 2007 announcement of Apple’s first-ever iPhone and the ensuing buzz around iOS apps, financial institutions (FIs) began developing offerings to ease digital banking. Though narrow in feature and scale, those initial apps put personal finance management at users’ fingertips. Twelve years later,...
A new report by investment firm UBS warns that an estimated 75,000 stores are likely to shut down by 2026. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Three years after fraudsters made off with $101 million from a Bangladesh bank, cyber threats have evolved, according to a new report by SWIFT. The bad guys wait quietly for weeks and months and then strike. They're also trying to sneak under the radar with...
The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61 percent intend to invest in more. The only question is: What learning systems will they choose to adopt? Get the Full...
The New York Department of Financial Services has denied a virtual currency license for Bittrex, an American digital asset exchange. The DFS cited deficiencies in capital, according to Reuters, and “failure to demonstrate that it will conduct its business honestly, fairly, equitably, carefully, and efficiently.”...
It’s been a long journey for Uber toward its initial public offering — and a big journey for payments, too. 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...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the U.A.E.’s ENOC’s launch of a mobile option for fuel and non-fuel items. Public transportation passengers in Australia will be able to tap their Samsung smartphones at Opal terminals...
Bitcoin is up as much as 25 percent since the news came during the past week that China might look to ban bitcoin mining. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
