News

Cross-border Payments
Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
December 09, 2024

Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is...

Regulation
Trump Crypto/AI Czar Pick Is Longtime Critic of Regulation
December 08, 2024

America’s incoming cryptocurrency/AI czar has a resume long on regulatory skepticism, short on industry expertise. 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,...

CFPB
CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
December 08, 2024

A federal judge has upheld an order blocking a cap on credit card late fees. 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,...

Social Commerce
TikTok Shop Holiday Spending Jumps Despite Ban Threat
December 08, 2024

If this is TikTok’s last Christmas in America, it’s not going out quietly. 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....

Retail
Tech Takes the Reins: Digital Innovation Drives Holiday Cheer for Shoppers
December 07, 2024

The holiday shopping season has long been the crown jewel of the retail calendar. But as consumer habits evolve, so too do the tools retailers deploy to attract, engage and convert shoppers. Get the Full Story Complete the form to unlock this article and enjoy...

News
Fed Oversight Council Argues for More Control Over FinTech
December 06, 2024

The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated entities’ third-party service providers. Get the Full Story Complete the form to unlock this article...

Payment Methods
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
December 06, 2024

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent over the Swift network every day. Get the Full Story Complete the form to unlock this...

B2B Payments
The 5 Biggest Impacts of AI Across B2B Payment Workflows
December 06, 2024

It’s no exaggeration to say that artificial intelligence (AI) is fundamentally reshaping the business landscape. But while consumer-focused applications continue to grab headlines, a quieter, first-principles revolution is underway in the B2B marketplace. Get the Full Story Complete the form to unlock this article and...

CFPB
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. 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...