Politics
Credit Card Competition Act Not Part of GENIUS Bill, But Swipe Fee Debate Endures
June 20, 2025

The debate over regulation of the credit card industry will likely linger no matter what the fate of the Credit Card Competition Act (CCCA) might be.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Polestar Secures $200 Million Equity Investment and Prepares to Launch New Electric Vehicles
June 20, 2025

Swedish electric vehicle brand Polestar has gained a $200 million equity investment from PSD Investment, which is an existing investor and is controlled by Geely Holding Group Founder and Chairman Shufu Li. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

artificial intelligence
Nvidia and Foxconn Aim to Use Humanoid Robots in AI Server Factory
June 20, 2025

Humanoid robots could reportedly begin helping assemble Nvidia artificial intelligence servers at a factory in Houston by the first quarter of 2026. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
Senate Parliamentarian Deals Setback to Proposal to Defund CFPB
June 20, 2025

Republicans’ plan to defund the Consumer Financial Protection Bureau (CFPB) as part of President Donald Trump’s tax and spending bill, the “Big, Beautiful Bill,” has suffered a setback by the Senate parliamentarian. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Earnings
CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
June 20, 2025

Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. 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...

artificial intelligence
Uber AI Solutions Expands Resources for Training AI Models and Agents
June 20, 2025

Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises in 30 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Instant Payments and Stablecoins Demand Core Banking System Upgrades
June 20, 2025

For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
June 20, 2025

Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services firms and enhance them by integrating its proprietary artificial intelligence automation. Get the Full Story Complete the form to unlock...

Cybersecurity
Data Breach Exposes 16 Billion Login Records for Online Services
June 20, 2025

Thirty databases containing a total of 16 billion login records for a variety of online services were reportedly briefly exposed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....