News

Cross-border Payments
Report: Middlemen Handle 50% of Russia’s Payments to China
April 28, 2024

Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. 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,...

Banking
Banks Pay Savers More to Stay Amid Steep Interest Rates
April 28, 2024

For America’s biggest banks, deposit costs are exceeding interest income. 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 this...

Artificial Intelligence
Report: Apple and OpenAI Reopen iPhone AI Talks
April 28, 2024

Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone.  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...

Banking
Republic First Sold to Fulton in Latest Regional Bank Failure
April 28, 2024

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. 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...

Retail
NRF Takes Gloves Off in Swipe Fee Settlement Objection Filing
April 28, 2024

The National Retail Federation (NRF) on Friday (April 26) asked a federal judge to reject the proposed settlement of a class-action antitrust lawsuit over swipe fees charged to merchants to process Visa and Mastercard credit card transactions. Get the Full Story Complete the form to...

Investments
General Catalyst Reportedly Raises Nearly $6 Billion for Tech Firms
April 28, 2024

Venture capital (VC) operation General Catalyst has reportedly raised almost $6 billion for technology startups. 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....

Banking
Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
April 26, 2024

The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and financial services providers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Emotive AI Aims to Offer New Ways to Connect With Consumers
April 26, 2024

In a lab in London, a new generation of avatars is learning to smile, frown and wink — not just as programmed, but in response to human emotions conveyed through text.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
EU Antitrust Chief Margrethe Vestager Says AI Needs ‘Vibrant Competition’
April 26, 2024

In a meeting that underscores the European Union’s ongoing scrutiny of the tech industry, Margrethe Vestager, the EU’s antitrust chief, held discussions with representatives from the French artificial intelligence (AI) firm Mistral AI on Friday (April 26). Get the Full Story Complete the form to unlock this article...