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News & Trends

Consumer Finance
Are Co-Branded Credit Cards Facing an Existential Crisis?

General-purpose credit cards dominate the consumer credit card landscape. In fact,...

49 seconds ago
B2B Payments
Virtual Cards Close Middle-Market Cash Flow ‘Unpredictability Gap’

Virtual cards are at a tipping point. That’s the sentiment expressed...

2 mins ago
Payments Innovation
CFPB Rule 1033 Will Hasten Shift to Open Banking in...

Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule...

3 mins ago
Opinion
Investments in Data Analytics Drive Agility for Rewards Network

Investments in technology, data science and analytics pay dividends in uncertain...

4 mins ago
Earnings
Simon Property Group Sees ‘Big Comeback’ in Malls

Simon Property Group has seen a “big comeback” in malls, driven in...

6 hours ago
artificial intelligence
Tech Giants Intensify AI Investments to Strengthen Connected Economy

As businesses seek to strengthen the connected economy, they are harnessing...

8 hours ago
Personnel
Rocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership’

Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO)....

8 hours ago
Economy
Tesla Cutting Jobs Across Departments as Part of Restructuring

Tesla has reportedly laid off employees across several departments over the last...

8 hours ago
Earnings
Ahead of Investor Day, FIS Sees Steady Growth in Banking

We’ll know more detail when Fidelity National Information Systems (FIS) holds its investor...

9 hours ago
Earnings
Paymentus: Surge in Transactions Signals Bill Pay’s Digital Shift

Paying bills is rarely fun. And it’s not just that —...

9 hours ago
Gig Economy
Gig Worker Ballot Measures Get Hearing in Massachusetts Court

The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding...

10 hours ago
Loans
Fed Survey Reveals Tighter Standards and Weaker Demand for Loans

Banks are seeing a slide in demand for loans — at...

10 hours ago
Retail
ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges

As consumers continue to feel economic pressures constrain their budgets, ThredUp sees shoppers...

10 hours ago
Accounts Receivable
Many Smaller SMBs Opt to Process Ad Hoc Payments Manually...

Fifty-seven percent of the total accounts receivable (AR) transactional volume flowing...

10 hours ago
Retail
Millennials Are Home Improvement Retailers’ Best Customers

When it comes to home improvement retail, millennials are taking the...

10 hours ago
Politics
Cryptocurrency Super PACs Among Top Fundraisers for 2024 Elections

Cryptocurrency sector-backed super political action committees (PACs) have become one of...

10 hours ago
Security & Fraud
New SDNY Cases Show Continued Insider Fraud Threat

Since biblical times, the greatest threats have often come from inside...

10 hours ago
Consumer Insights
New York Fed: Fewer Renters Expect to Ever Buy Home

Renters are less confident that they will ever own a home...

11 hours ago
Consumer Insights
Five Ways Consumers Are Pumping the Brakes on Spending

We may be witnessing the beginnings of a great pullback in consumer spending....

11 hours ago
artificial intelligence
AI Could Put ‘Holy Grail’ of Retail Offers Within Reach 

Artificial intelligence (AI) is reshaping the way companies approach data-driven customer...

12 hours ago
CFPB
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student...

12 hours ago
Retail
Sam Ash Closes Stores as Musicians Turn to Amazon

As Amazon gains share in hobby retail categories, specialty retailers such as Sam Ash are...

13 hours ago
CBDC
India Proposes CBDC That Can Function Offline

India’s central bank wants its digital currency to be available without...

13 hours ago
Data
Data Security Is Top Priority as Payments Enter Zettabyte Era

You’ve probably heard it before, but data is undoubtedly the oil...

13 hours ago
artificial intelligence
Report: Microsoft Working on ‘Far Larger’ In-House AI Model

Microsoft is reportedly working on a new, in-house artificial intelligence (AI) model that...

14 hours ago
CBDC
ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption

Bundesbank’s president said central banks must speed the adoption of digital...

14 hours ago
Loans
Only Half of Consumers Globally Are Satisfied With Embedded Lending...

Embedded lending tools enable potential borrowers to apply for credit directly...

14 hours ago
Cryptocurrency
Robinhood Crypto Target of Potential SEC Enforcement

Robinhood’s cryptocurrency business could become the target of regulatory action. The trading...

15 hours ago
Partnerships
PNC and TCW Partner on Loans to Middle Market Companies

The PNC Financial Services Group and the TCW Group have formalized and...

15 hours ago
artificial intelligence
AI Explained: Large Language Models May Transform Industries 

Large language models, or LLMs, have emerged as pivotal forces in artificial...

15 hours ago
Cryptocurrency
Vodafone is Bringing Crypto Payments to SIM Card-Based Mobile Wallets

Phone, keys, wallet. That’s the daily routine that tens of millions ...

16 hours ago
Partnerships
Accenture and Oracle Partner on Generative AI for Finance Teams

Accenture and Oracle expanded their partnership to help clients accelerate their adoption of generative...

16 hours ago
Mobile Wallets
Alipay+ Looks to Expand as eWallet Use Grows

China’s Ant Group is reportedly looking to expand use of its payments product...

16 hours ago
Retail
US Consumers Demand Brand-Friendly Shoppable Video Content

As commerce and entertainment become increasingly intertwined, high-intent consumers are still turning to...

16 hours ago
SMBs
US Small Businesses See Drop in Failure Risk Compared to...

Despite news about rising inflation and stalled interest rates, recent PYMNTS...

17 hours ago
Bank Regulation
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’...

The rise of open banking and FinTechs is changing the fabric...

17 hours ago
CBDC
Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial...

The Swiss National Bank (SNB) is conducting a pilot project that has used...

17 hours ago
Retail
Target Expanding Private-Label Offerings to Other Stores

Shoppers might soon spot Target’s private-label brands at stores other than Target. Christina...

17 hours ago