News

B2B Payments
Back Office Takes Front Row as Firms Automate B2B Payments
November 21, 2024

Unlike consumer payments, where streamlined experiences reign supreme, business-to-business (B2B) transactions are fragmented and slow-moving. 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,...

News
Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation
November 20, 2024

Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Digital Banking
Report: Nubank Considers Moving Legal Base to UK
November 20, 2024

Nubank — the digital challenger bank that recently became the most valuable bank in Latin America — reportedly is considering moving its legal base to the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
FTC Begins Sending Consumers Refunds in ‘Made in USA’ Case
November 20, 2024

The Federal Trade Commission (FTC) is sending over $140,000 in refunds to consumers after taking action against companies that it alleged made false claims that their products were “Made in USA” or “Hand Crafted in USA.” Get the Full Story Complete the form to unlock...

Regulation
OCC’s Hsu Supports Chartering Regime for Nonbanks
November 20, 2024

Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
November 20, 2024

Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” 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...

Cross Border Commerce
India Expanding X-Border Payment Connections With Neighbors
November 20, 2024

India’s central bank says the country is making mobile payment links with several countries. 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...

CFPB
CFPB: Student Loan Servicers’ Autopay Errors ‘Completely Unacceptable’
November 19, 2024

The Consumer Financial Protection Bureau (CFPB) is seeing cases in which student loan servicers are withdrawing incorrect amounts from borrowers’ bank accounts and making other errors involving payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Santander Launches Openbank Digital Bank in Mexico
November 19, 2024

Santander’s fully digital bank, Openbank, launched in Mexico on Tuesday (Nov. 19). 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...