Credit Cards
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
January 29, 2025

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

artificial intelligence
BIS: Central Banks Need ‘Comprehensive Risk Management Strategy’ for AI
January 29, 2025

Central banks must balance innovation and risk mitigation when looking to adopt artificial intelligence, the Bank for International Settlements (BIS) said in a report released Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Meta
Meta to Appeal Against $831 Million EU Antitrust Fine
January 29, 2025

Meta says it will fight a $831 million fine levied against the tech giant by the European Union. 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...

Back-office
PayPal-Backed Formance Raises $21 Million to Grow Open-Source Ledger
January 29, 2025

Open-source financial infrastructure provider Formance raised $21 million in a Series A funding round to grow its Ledger and other solutions that help developers build financial flows and products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Gallabox Raises $3.5 Million to Help Small Businesses Create AI Agents
January 29, 2025

Gallabox raised $3.5 million in a seed round to strengthen the capabilities and expand the geographic footprint of its platform that enables small- to medium-sized businesses (SMBs) to use artificial intelligence to automate their communication on WhatsApp. Get the Full Story Complete the form to...

Banking
Lloyds Shuttering 136 Branches Amid Digital Banking Shift
January 29, 2025

British lender Lloyds is closing 136 branches as its customers choose digital financing services. 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...

artificial intelligence
AI Regulations: Texas’ Sweeping AI Bill and the Vatican’s Policy
January 29, 2025

A Texas bill that seeks to rein in harms from artificial intelligence (AI) is being lambasted as rivaling the regulatory heavy-handedness of California and Europe, despite its reputation as a pro-business, conservative state. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Trumpcoins, Global Growth and Regulatory Battles Defined Crypto This Week
January 29, 2025

Political favor, institutional acceptance and regulatory scrutiny are increasingly colliding to redefine the digital asset landscape. 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...

Personnel
US Bancorp Promotes President Gunjan Kedia to CEO Post
January 29, 2025

U.S. Bancorp has chosen its new CEO from within its ranks. 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 completing...