Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Nubank — the digital challenger bank that recently became the most valuable bank in Latin America — reportedly is considering moving its legal base to the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Trade Commission (FTC) is sending over $140,000 in refunds to consumers after taking action against companies that it alleged made false claims that their products were “Made in USA” or “Hand Crafted in USA.” Get the Full Story Complete the form to unlock...
Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” 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...
India’s central bank says the country is making mobile payment links with several countries. 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...
The Consumer Financial Protection Bureau (CFPB) is seeing cases in which student loan servicers are withdrawing incorrect amounts from borrowers’ bank accounts and making other errors involving payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Santander’s fully digital bank, Openbank, launched in Mexico on Tuesday (Nov. 19). 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...
Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being shared on social media platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
