News

Artificial Intelligence
Just 30% of Financial Firms Use AI for Customer Retention
June 18, 2026

Enterprise artificial intelligence has moved past the pilot stage, but there are some challenges when it comes to gaining wider acceptance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Santander Gets OCC Nod to Fold In Webster Bank
June 17, 2026

The planned acquisition of Connecticut-headquartered Webster Bank by Banco Santander has moved a step closer to getting the regulatory approvals it needs. 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...

Artificial Intelligence
Visa and Mastercard Put Tokens in Charge of AI Commerce
June 17, 2026

The race to build agentic commerce is producing no shortage of attention around artificial intelligence (AI) assistants. OpenAI, Google, Perplexity and others want consumers to delegate shopping decisions to software. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
State Farm Bets on AI to Take Back Number One
June 17, 2026

State Farm is rebuilding its agent model around artificial intelligence after losing a title it held since World War II. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
PayPal Weighs Shutdown of Venture Capital Arm in Corporate Overhaul
June 17, 2026

PayPal is “exploring strategic options” for its venture capital arm, a company spokesperson told Fortune in a report posted Tuesday (June 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
SpaceX Bets $60 Billion on AI It Couldn’t Build
June 17, 2026

SpaceX completed the biggest initial public offering (IPO) in history this month on a pitch built around rockets and satellites. Days later, it spent $60 billion on an artificial intelligence coding startup. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Trace Finance Raises $32 Million for Stablecoin Infrastructure Offering
June 17, 2026

Cross-border payments/stablecoin settlement infrastructure company Trace Finance has raised $32 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...

Investments
Karta Raises $140 Million for Credit-Invisible Travelers’ Card
June 17, 2026

Travel-focused credit card company Karta has raised $140 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
Connecticut Requires AI Companies to Disclose Subscription Limits
June 17, 2026

Connecticut has passed a law requiring artificial intelligence (AI) subscription providers to disclose usage caps, feature restrictions, and any discretion to reduce service quality before a customer pays. It takes effect Oct. 1. Get the Full Story Complete the form to unlock this article and...