News

B2B Payments
First Citizens Bank and Sixth Street Partner on Equipment Financing
February 05, 2025

First Citizens Bank and global investment firm Sixth Street have launched a new platform designed to provide flexible capital equipment financing solutions to middle market companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
New York Expands Program to Support Access to Financial Services
February 05, 2025

The New York towns of Neversink and Denning have been approved as a Banking Development District (BDD), a designation that is meant to support access to affordable financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Why This Payments CEO Decided to Become Chief AI Officer Instead
February 05, 2025

For most executives, the CEO title represents the pinnacle of corporate leadership. But for one payments and spend management industry leader, the future of business demands a different title: Chief Artificial Intelligence (AI) Officer. Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
Musk vs OpenAI Suit Could Be Headed for Trial
February 04, 2025

A federal judge has ruled that Elon Musk’s suit against OpenAI might proceed to trial. 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,...

Artificial Intelligence
UK Warns of AI Startups Leaving Due to Capital Shortfalls, Regulatory Complexity
February 04, 2025

Promising artificial intelligence (AI) startups created in the U.K. are at risk of leaving for other countries like the U.S. due to lack of adequate capital, regulatory complexity and differences in culture, according to a British government committee report. Get the Full Story Complete the...

Investments
Auto Hauler Exchange Raises $5 Million for Vehicle Shipping Platform
February 04, 2025

Vehicle transportation marketplace Auto Hauler Exchange (AHX) has raised $5 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...

Unattended Retail
Unattended Payment Growth Spurs Debate on Balancing Convenience, Security
February 04, 2025

Consumer preferences favor convenient, autonomous transactions, sparking the growth of self-service solutions across various industries. Unattended payments are driving this trend, providing customers with efficient, independent ways to complete purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
Open-Source vs Proprietary AI: Which Should Businesses Choose?
February 04, 2025

When deploying generative artificial intelligence (AI), one of the most fundamental decisions businesses face is whether to choose open-source or proprietary AI models — or aim for a hybrid of the two. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
EU Readies New AI Restrictions Despite Trump Pushback
February 04, 2025

European regulators are reportedly preparing new guidance covering banned uses of artificial intelligence. 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....