Banking
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping out one-time items, credit performance was flat along several metrics. Get the Full Story Complete the form to unlock this...

Banking
Fifth Third Gains Deposits by Investing in Branches and Banking Platform
January 21, 2025

Ohio-based Fifth Third Bancorp is seeing gains from its investments in new branches in the Southeast U.S. and its digital banking platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Streaming
Netflix Sees 19 Million New Subscribers in Q4
January 21, 2025

Netflix closed out Q4 of 2024 with a record 19 million net new subscribers in the fourth quarter. This marked the largest quarterly membership increase in the company’s history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

artificial intelligence
Google DeepMind CEO: AI-Designed Drugs Coming to Clinical Trials in 2025
January 21, 2025

Nobel laureate and Google DeepMind CEO Demis Hassabis said Tuesday (Jan. 21) that he expects to see pharmaceutical drugs designed by artificial intelligence (AI) to be in clinical trials by the end of the year. Get the Full Story Complete the form to unlock this...

Regulation
FTC Begins Sending Refunds to Victims of Debt Relief Scheme
January 21, 2025

The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fraud Prevention
Judge Rules New York Lawsuit Against Citibank Can Proceed
January 21, 2025

Citibank will have to face a New York state lawsuit alleging that it failed to protect and reimburse victims of fraud. 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
AWS, PepsiCo and Other CEOs Tell What’s Needed to Scale AI
January 21, 2025

The CEOs of several Global Fortune 500 companies said artificial intelligence (AI) is revolutionizing their operations, while acknowledging that most companies are still grappling with implementing and scaling it, during a power-packed panel Tuesday (Jan. 21) before the World Economic Forum (WEF) in Davos, Switzerland....

B2B Payments
Springbrook Adds AI Tool for Invoicing to ERP Platform
January 21, 2025

Springbrook Software added an artificial intelligence tool for invoicing to its Cirrus enterprise resource planning (ERP) platform for local governments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
You Can’t Teach an Old Tech Stack New Payments Tricks
January 21, 2025

The tech stack is the engine that keeps businesses running, but for many financial services firms, it remains a labyrinth of outdated systems and cumbersome processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...