Western Union Digital Bank is being discontinued, is ending its services and will close all accounts two months after users have received their closure notice, the service’s operator, Western Union International Bank, said in a legal notice on its German website. Get the Full Story...
Corporate card/spend management platform PEX has raised $160 million in new funding. 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 (AI) developers could face mounting legal risks if they modify their models’ outputs to comply with state AI laws without clearly informing users. According to a proposed Federal Trade Commission (FTC) policy statement, such undisclosed modifications could violate longstanding federal consumer protection principles....
Wire payments are starting to look less like back-office plumbing and more like a competitive tool for banks. 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...
A good offer can lose its value when the shopper never sees it. That problem gets expensive fast when the missed moment happens at checkout. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The clearest evidence of LendingClub’s new incarnation into a full-scale digital bank can be measured not merely in another jump in personal loan volume, but what happened (pun intended) after borrowers arrived. Get the Full Story Complete the form to unlock this article and enjoy...
Lending marketplace Upstart has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a bank called Upstart Bank, N.A. 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.K. customers of banks and banking apps reported problems with transfers and payments Monday (July 27), according to multiple media reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Every company running artificial intelligence at scale eventually hits the same problem: a simple customer question gets routed to the same, expensive, frontier-grade model as a genuinely hard one. That’s a waste of money — and an avoidable one. Routing software fixes it by evaluating...
