May 03, 2024
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC) follows a similar statement by J.P....

May 03, 2024
Can Open Banking Increase Consumer Trust in New Payments Tech?

Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new PYMNTS eBook, “The Implications of...

May 02, 2024
Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields...

The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up...

May 02, 2024
AI Eases Coding, Paving the Way for Swifter Business Innovation

From Silicon Valley startups to tech giants, artificial intelligence (AI) is rapidly transforming the art of computer programming. It offers developers a powerful new toolkit to brainstorm ideas, write and...

May 02, 2024
Microsoft Bans Police Use of AI Service for Facial Recognition

Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this artificial intelligence (AI) service may...

May 02, 2024
Big Innovations Powering Small Business Growth Dominate This Week in...

It is National Small Business Week in the U.S., and the spotlight is on business-to-business (B2B) innovation.  That’s why PYMNTS spent Monday (April 29) unpacking how small businesses with big ambitions are turning...

May 02, 2024
New UK Law Spotlights Weak Security Features in Smart Devices

Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer...

May 02, 2024
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment...

In a recent announcement, the Federal Communications Commission (FCC) revealed that nearly 40% of U.S. telecom companies receiving federal support require additional government funding to eliminate equipment supplied by Chinese...

May 02, 2024
Oracle Adds AI-Powered Vector Search to Converged Database

Oracle, a provider of integrated suites of applications and secure infrastructure in the Oracle Cloud, has introduced Oracle Database 23ai.  This latest release of Oracle’s converged database introduces more than 300...