News

Artificial Intelligence
Kirk Bresniker On Why Naivete Is Key To Tapping Into AI’s Potential
October 22, 2018

An increasingly non-controversial point is that artificial intelligence (AI) and machine learning (ML) have been — and will continue to be — major boons to human advancement. Self-driving cars, voice assistants, digital personal stylists, logistics, digital security — there is an application for AI and...

Retail
Why Sam’s Club Expanded Its Instacart Footprint
October 22, 2018

A recent deal that expands Instacart’s same-day grocery delivery for Sam’s Club members stands as more than good news for the delivery service. This is the latest example of how the digital and physical are merging in retail — and also shows just how far...

Cross Border Commerce
SWIFT Successfully Tests Instant X-Border Payments
October 22, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Concerns Mount That Small Banks Are Taking On Excessive Real Estate Loan Risk
October 22, 2018

Bank OZK, the Arkansas lender, saw its stocks plunge late last week after it took a more than $45 million write-down on two commercial real estate loans, stoking fears that small banks in the U.S. are taking on too much commercial real estate loan risk....

Security & Fraud
Apple’s CEO Wants Bloomberg To Retract China Hack Story
October 21, 2018

Apple’s chief executive Tim Cook is calling for Bloomberg to retract a story that claimed the company was the victim of an attack on its hardware that was conducted by the government of China. Get the Full Story Complete the form to unlock this article...

Fintech Investments
JPMorgan To Open FinTech Office In Silicon Valley
October 21, 2018

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
India’s RBI Wants Its Governor To Lead Payments Regulator
October 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. The regulator would have a chairperson chosen with input from the RBI, but the central bank objects to...

Security & Fraud
In UK, Name Checks To Accompany Bank Payments
October 19, 2018

With an eye on fraud prevention, banks in the United Kingdom are slated to debut name checks to accompany bank transfers. The directive comes from Pay.UK, the U.K. payment authority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payments Innovation
PayPal Shares Jump On Positive Venmo, Earnings News
October 19, 2018

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. 19). The stock reached highs over $86, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy...