News

eCommerce
EC Proposes Greater Scrutiny of Low-Value Imports Sold Online
February 05, 2025

The European Commission is encouraging European Union (EU) regulators and legislators to do more to mitigate the risks posed by the growing number of low-value imports being sold via online retailers and marketplaces. Get the Full Story Complete the form to unlock this article and...

Banking
New York Expands Program to Support Access to Financial Services
February 05, 2025

The New York towns of Neversink and Denning have been approved as a Banking Development District (BDD), a designation that is meant to support access to affordable financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Auto Hauler Exchange Raises $5 Million for Vehicle Shipping Platform
February 04, 2025

Vehicle transportation marketplace Auto Hauler Exchange (AHX) has raised $5 million in new funding. 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...

Faster Payments
FIS Earns Certification to Enable Send Capabilities in FedNow Service
February 04, 2025

FinTech company FIS said Tuesday (Feb. 4) that it is now certified to enable send capabilities for credit transfers in the FedNow® Service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
EU Readies New AI Restrictions Despite Trump Pushback
February 04, 2025

European regulators are reportedly preparing new guidance covering banned uses of artificial intelligence. 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....

B2B Payments
SMBs Need to Cut the Check Before Checks Cut Them
February 04, 2025

It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the 18th century? Fraudsters, always looking for an easy target, are increasingly using 21st century technology...

Security & Fraud
AI and Real-Time Monitoring Staff the New Front Line Against Disputes and Chargebacks
February 04, 2025

The digital shift that started during the pandemic sent consumers toward social media platforms for online shopping, which are considered card-not-present transactions. It continues today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
OpenAI Files Trademark Application for Hardware, Robots and AI Chips
February 03, 2025

A trademark application filed Friday (Jan. 31) by OpenAI reportedly suggests new product lines the company could pursue. 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...

Investments
Jump Raises $20 Million for AI-Powered Financial Advice Tools
February 03, 2025

Jump, which provides artificial intelligence tools to financial advisors, raised $20 million in new funding. 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,...