On-demand pay was supposed to address a straightforward mismatch. Employees earn money every day, but traditional payroll systems release it every one or two weeks. When a car repair, utility bill or medical expense arrives between paychecks, workers may be forced to borrow even though...
The best fraud prevention stops bad transactions and lets good ones move faster. But new findings in the June 2026 edition of The 2026 Certainty Project, a PYMNTS Intelligence and Plaid collaboration, reveal the ways in which that definition is no longer complete. Although nearly...
OpenAI’s first device will be a portable smart speaker that serves as an artificial intelligence companion, Bloomberg reported Tuesday (July 14), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy...
Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry” report, which analyzed 2,456 properties using 2023 data. Hotels paid 11.9% more in total labor costs that year while operating...
America’s Credit Unions has called on the Federal Reserve to withdraw its 2023 proposed Regulation II changes to debit interchange until legal challenges have been resolved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Three former senior enforcement leaders from the Consumer Financial Protection Bureau (CFPB) have launched a public interest law firm that will focus on consumer rights, tenant rights, workers’ rights and civil rights. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The United States does not lack instant payment rails. It lacks a simple, universal front door to them. 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...
Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
