News

Cross-border Payments
Bank of America: Cross-Border Payments Must Work Like Local Ones
July 08, 2026

Watch more: Need to Know With Bank of America’s AJ McCray 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...

Loyalty & Rewards
The New Competition in Card Rewards Is Over Rules, Data and Money
July 08, 2026

Credit card rewards were built for a world where the issuer set the terms, the consumer spent and the value arrived later. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
Banks Are Racing Into AI Faster Than Security Can Follow
July 07, 2026

The Model Context Protocol, or MCP, is an open standard introduced by Anthropic in late 2024 that lets artificial intelligence (AI) agents connect to business systems the way applications call application programming interfaces (APIs) using a common interface instead a custom-built connection for each tool,...

Artificial Intelligence
BlackRock Says Hyperscalers Need Private Credit to Fund AI Boom
July 07, 2026

Companies building artificial intelligence infrastructure will increasingly seek financing from private credit, Jean Boivin, head of the BlackRock Investment Institute, said Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Open Banking Moves From Access to Economics
July 07, 2026

Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether...

Artificial Intelligence
Anthropic Launches Mobile Access for Claude Cowork
July 07, 2026

Anthropic has begun making its agentic experience, Claude Cowork, available on mobile and web in beta for members of its Max plan and expects to expand that access to other plans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Microsoft Quietly Shifts Thousands of Office Prompts to In-House AI
July 07, 2026

Microsoft has begun using its own MAI artificial intelligence models rather than those of OpenAI and Anthropicto complete prompts in its spreadsheet and email applications, Excel and Outlook, Bloomberg reported Tuesday (July 7), citing unnamed sources. Get the Full Story Complete the form to unlock...

Investments
Tether Invests $20 Million in Brazil’s Mercado Bitcoin
July 07, 2026

Stablecoin issuer Tether is investing $20 million in Brazil-based digital assets platform Mercado Bitcoin. 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...

Investments
Bidbus Raises $15 Million for Online Car-Selling Marketplace
July 07, 2026

Online auto sales marketplace Bidbus has raised $15 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...