News

Regulation
Treasury Payments Systems at Risk? The DOGE Dilemma and What It Means for Banks
February 03, 2025

The events of the Feb. 1 weekend are tough to get your head around. Elon Musk and his team at DOGE were given access to the U.S. Treasury payments system,  perhaps the world’s most sensitive and potentially impactful. That’s about $5 trillion worth of flows...

Delivery
Can Delivery Robots Solve Last-Mile Logistics Issues?
February 03, 2025

Serve Robotics CEO Ali Kashani envisions autonomous delivery robots transforming urban logistics by optimizing the pickup and delivery of food and other products to lower the cost of last-mile delivery for businesses. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
OpenAI and SoftBank Partner on Enterprise AI Solutions in Japan
February 03, 2025

OpenAI and the SoftBank Group agreed to establish a joint venture company that will market enterprise artificial intelligence solutions to major companies in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
Treasury Secretary Scott Bessent Takes Over as CFPB Acting Director
February 03, 2025

The Consumer Financial Protection Bureau announced Monday (Feb. 3) that President Donald Trump designated Treasury Secretary Scott Bessent as the CFPB’s acting director Friday (Jan. 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Shein’s Marketplace Reportedly Facing EU Investigation
February 03, 2025

Shein is reportedly facing a probe in Europe over its compliance with consumer laws. 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....

CFPB
Does Trump 1.0 Give Clues to the CFPB’s Fate During Trump 2.0?
February 03, 2025

At the Consumer Financial Protection Bureau, a sizable shoe has dropped. 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...

Wearables
Meta Smart Glasses Spending Approaches ‘Eye-Watering’ $100 Billion
February 03, 2025

Meta’s investments in virtual and augmented reality projects could reportedly exceed $100 billion this year. 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...

Cross-border Payments
Faster Payments Open Global Markets to Smaller Companies
February 03, 2025

Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. 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...

eCommerce
eCommerce Merchants in the Land Down Under Turn to PSPs for Fraud Expertise
February 03, 2025

For merchants the world over, the bid to improve eCommerce checkout — boosting sales as a result — is a bit of a tightrope walk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...