News

Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
Cross-border Payments
Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
June 18, 2023

As many as 20 countries may be part of a pan-African payment system by the end of the year. 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...

Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
Banking
Original SVB Securities Team Plans to Buy It Back, Excludes MoffettNathanson
June 18, 2023

A management team bidder group plans to acquire SVB Securities from SVB Financial Group. 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...

Petco and Snoop Dogg Play on Rapper’s Pooch Persona in New Campaign
Retail
Petco and Snoop Dogg Play on Rapper’s Pooch Persona in New Campaign
June 17, 2023

Snoop Dogg and Petco have teamed up for a new pet health ad campaign that features the rapper portraying a humanized version of a Doberman pinscher. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

OCC Head: AI Offers Banks Benefits and Risks as It Is ‘Built to Learn’
Artificial Intelligence
OCC Head: AI Offers Banks Benefits and Risks as It Is ‘Built to Learn’
June 16, 2023

For Michael J. Hsu, the acting U.S. Comptroller of the Currency, the potential benefits of using widespread artificial intelligence (AI) in banking “are significant.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

How Banks and Merchants Make Payments Easy While Keeping Them Safe
Security & Fraud
How Banks and Merchants Make Payments Easy While Keeping Them Safe
June 16, 2023

Today’s new digital operating environment is ripe with opportunities for payment innovations. 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...

FDIC Readies Sale of SVB’s $460 Million German Business
Banking
FDIC Readies Sale of SVB’s $460 Million German Business
June 16, 2023

Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. 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....

dLocal Investing $100 Million to Expand in Argentina
International
dLocal Investing $100 Million to Expand in Argentina
June 16, 2023

Payment platform dLocal says it is investing heavily in Argentina. 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 this...

Senators Demand Answers From Venmo and Cash App on Fraud
Security & Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. 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,...

Luxury Retailers Try On AI to Reduce Returns
Retail
Luxury Retailers Try On AI to Reduce Returns
June 16, 2023

Following bullish remarks on artificial intelligence (AI) by Farfetch CEO José Neves during the luxury retailer’s first-quarter 2023 earnings report, Maison Valentino is set to introduce a virtual try-on (VTO) experience for its ready-to-wear collection. Get the Full Story Complete the form to unlock this...