News

Banking
Report: EQT Looks to Sell Majority Stake in Banking Circle
September 11, 2024

Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. 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,...

Security & Fraud
FinCEN Says Check Fraud Approached $700 Million Over 6 Months
September 11, 2024

Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the reports were filed by banks, to the tune of 88% of all reports by filing. Get the Full Story Complete...

Banking
Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
September 11, 2024

Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Visa and KOTRA to Launch B2B Payment Platform in South Korea
September 11, 2024

Visa and the Korea Trade-Investment Promotion Agency (KOTRA) have partnered to launch a card payment platform for trade settlements in South Korea. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Faster Payments
Trending: Senators Urge Fed to Expand Fedwire and National Settlement Service
September 11, 2024

If business and commerce are always on in the digital age — existing as 24/7, year-round endeavors — so must the settlement systems that enable a broad range of transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
Gusto Opens Waitlist for AI Assistant for Small Business Owners
September 11, 2024

Gusto will soon add an artificial intelligence-powered assistant called Gus to the human resources (HR), payroll, benefits and compliance platform and products it offers for small business owners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
September 11, 2024

Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit 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...

Investments
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Fast Fashion? Zara to Bring Pre-Owned Clothing Service to US
September 11, 2024

Fast-fashion brand Zara is bringing its secondhand clothing marketplace to the U.S. 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...