News

Regulation
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. 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,...

B2B Payments
Amazon Business App Center Adds Symbeo AP Automation Solution
July 09, 2024

Symbeo’s accounts payable (AP) automation and artificial intelligence (AI)-enabled optical character recognition (OCR) solution, RapidInvoice, is now available on the Amazon Business App Center. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Digital Banking
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. 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,...

Payment Methods
Galileo Begins Offering Wire Transfers to FinTechs
July 09, 2024

Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. 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...

B2B Payments
How Businesses Leverage Working Capital Solutions to Drive Growth
July 09, 2024

In an evolving economic landscape, the ability to innovate in working capital management is crucial. 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,...

Regulation
European Banking Authority to Consider Reporting Requirements for Nonbanks
July 09, 2024

European Banking Authority Chairman Jose Manuel Campa said the watchdog organization may make reporting requirements for nonbank financial institutions a “next step.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Report: Paytm Gets OK to Invest in Payments Subsidiary
July 09, 2024

Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. 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...

Social Commerce
X Growth Reportedly Slows Since Musk Takeover
July 09, 2024

User growth at X has reportedly slowed since Elon Musk’s takeover in 2022. 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....

News
New Data: Instant Loan Payouts Rise Thanks to Growing Lender Adoption
July 09, 2024

Borrowing connects consumers with funds they need to pay for major expenses or to manage debt. As a result, the timely receipt of these funds can be crucial. Instant payments can play a key role in this equation. Not only are more consumers turning to...