News

Security & Fraud
Geolocation Tech Makes Its Case as Fraud Fighter
January 22, 2025

Fraudsters have always had a knack for adapting to the game. 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...

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...

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...

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stack is the engine that keeps businesses running, but for many financial services firms, it remains a labyrinth of outdated systems and cumbersome processes.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...

Investments
Highnote Raises $90 Million to Grow Unified Payments Platform
January 21, 2025

Highnote has raised $90 million in a Series B funding round to continue to grow its unified payments platform. 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...

Artificial Intelligence
Trump Repeals Biden’s Executive Order on AI Development and Use
January 21, 2025

One of President Joe Biden’s executive orders that was revoked by President Donald Trump on his first day in office was an October 2023 order focused on artificial intelligence safety. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
AI Startups: Mistral Plans IPO; Harvey Eyes $3 Billion Valuation
January 21, 2025

Mistral AI, France’s open-source answer to OpenAI, plans to go public instead of being acquired. 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,...