Real-value testing (RVT) of tokenization of wholesale cross-border payments demonstrated an average time from payment initiation to settlement of about 80 seconds, according to a report by the Bank for International Settlements (BIS). Get the Full Story Complete the form to unlock this article and...
Consumers are tired of scrolling past content they suspect was never written by a person, and on LinkedIn, that suspicion is often correct. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The era of “tokenmaxxing,” pushing employees toward the biggest artificial intelligence (AI) models and the heaviest usage as if consumption itself were a sign of progress, is ending after two years of unchecked growth. Get the Full Story Complete the form to unlock this article and...
Chime Financial plans to lay off about 150 people, or 10% of its workforce, Bloomberg reported Friday (July 31), citing a memo to employees from Chime CEO and Co-Founder Chris Britt. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Amazon completed a $50 billion investment in OpenAI that the two companies announced in February. 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,...
For years, the elevator pitch for B2B payments modernization was speed. Faster approvals. Faster settlement. Faster reconciliation. Faster access to working capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A bipartisan group of senators is advancing legislation that would require the federal government to collect more detailed information about how artificial intelligence is changing the workplace. The bill’s sponsors argue that policymakers need better data to prepare workers for an AI-driven economy rather than...
For most of modern banking, credit and commerce have occupied separate systems. 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...
OpenAI has cut the price of GPT-5.6 Luna by 80%, cut the price of GPT-5.6 Terra by 20% and provided faster performance of GPT-5.6 Sol in the API while leaving its price unchanged, effective Thursday (July 30). Get the Full Story Complete the form to...
