Investments
Small Door Raises $55M to Keep Pets Out of the Doghouse at the Vet
September 09, 2025

Watch more: Small Door Raises $55 Million to Keep Pets Out of the Doghouse at the Vet 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...

Real-Time Payments
93% of Banks Say Instant Payments Boost Retention
September 09, 2025

Headlines swirl with urgency around real-time payments, but the reality is that most banks are still dragging their feet. While financial institutions (FIs) say instant payments are a top priority, the number that have made the necessary system upgrades remains far lower. Get the Full...

David S. Evans
Europe’s Economic Decline: Why Eurosclerosis Threatens Growth and Competitiveness
September 09, 2025

To some Americans, including leading economists, Europe had it right.  Work-life balance with long vacations. An enviable social welfare net.  Happier. And even capitalism worked better there with more competition and lower prices.  Some of our views of Europe were shaped by pleasant vacations and...

artificial intelligence
OpenAI Says AI Hallucinations Are Systemic, Not a Bug
September 09, 2025

Large language models don’t just make mistakes. They sometimes invent answers with striking confidence. A new paper from OpenAI researchers Adam Tauman Kalai, Ofir Nachum, and colleagues argues that these “hallucinations” are not mysterious glitches but predictable byproducts of the way today’s artificial intelligence (AI)...

Money Mobility
Why Time, Not Money, Now Defines Lender Value
September 09, 2025

When it comes to borrowing, timing has always mattered. But today, it’s not just about interest rates, loan terms or approval odds. It’s about speed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Amazon
Amazon Invests in Latin American Last-Mile Delivery Provider Rappi
September 08, 2025

Amazon reportedly invested a $25 million convertible note in Colombia-based Rappi, which provides last-mile delivery of groceries and restaurant meals in Latin America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Credit Cards
Revolving Debt Spikes and Signals a Buildup of Credit Card Balances
September 08, 2025

Consumers in August loaded up on revolving debt, a category that includes credit cards, as they reversed a slowdown, and in some cases, paydowns, on their balances. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Benchmark Says Bakkt’s Licenses Support New Crypto-Focused Business Model
September 08, 2025

Broker Benchmark reportedly initiated coverage of Bakkt with a buy rating, saying the company’s regulatory footprint supports its efforts to “reboot” by shedding parts of its business and sharpening its focus on a “brokerage-in-a-box” for institutions, a bitcoin treasury program and a stablecoin payments network....

Blockchain
Grayscale Files to Create ETF for LINK Digital Assets
September 08, 2025

Grayscale has filed with the Securities and Exchange Commission (SEC) to rename its Grayscale Chainlink Trust, which holds LINK digital assets, as Grayscale Chainlink Trust ETF. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...