News

Artificial Intelligence
White House Economist Rejects AI Doomsday Fears
February 24, 2026

A White House economist said a report that warned of potential risks to the economy posed by artificial intelligence (AI) “violates some of the basic accounting in economics,” Bloomberg reported Tuesday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Contracting for Agentic AI Is Starting to Look Like Outsourcing
February 24, 2026

Enterprise software contracts were built for tools. Agentic artificial intelligence (AI) is forcing lawyers and procurement teams to rethink them for AI systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
White House Weighs Requiring Citizenship Checks for Bank Customers
February 24, 2026

The Trump administration is considering requiring banks to collect citizenship information from both new and existing customers, The Wall Street Journal reported Tuesday (Feb. 24), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Anthropic’s COBOL Bet Shakes Mainframe Economics
February 24, 2026

Most people who deposited a paycheck this week, withdrew cash from an ATM, or filed a government form probably had no idea their transaction ran through COBOL. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Anthropic Expands Claude to Cover Investment Banking
February 24, 2026

Anthropic’s Claude is moving into the human resources, design and investment banking fields, Bloomberg News reported Tuesday (Feb. 24). 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...

Investments
Basis Raises $100 Million to Build Up AI in Accounting
February 24, 2026

Accounting-focused artificial intelligence (AI) startup Basis has raised $100 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 Today....

Fintech Investments
PayPal Ventures Helps X-Border Payment Firm Xflow Raise $16 Million
February 24, 2026

India-based cross-border payments company Xflow raised $16.6 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 Today. By completing...

Fintech Investments
Stripe Reaches $159B Valuation as Global Volume Hits $1.9 Trillion 
February 24, 2026

Stripe was valued at $159 billion in a tender offer designed to provide liquidity to current and former employees, the programmable financial services company said in a Tuesday (Feb. 24) update. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Luxury Resale Market Tops $59 Billion Driven by Side Hustles
February 24, 2026

The value of the luxury resale space reportedly grew to $59 billion last 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 to our daily newsletter, PYMNTS...