News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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The Clearing House Appoints Truist’s Sal Karakaplan as Chief Strategy Officer
The Clearing House Appoints Truist’s Sal Karakaplan as Chief Strategy Officer
December 11, 2023  |  Personnel

U.S. payments network operator The Clearing House (TCH) is onboarding a new chief strategy officer (CSO). Sal Karakaplan will be joining the company, bringing over 25 years of...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the...

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EU Reaches Provisional Deal on Rules Regarding AI Use
EU Reaches Provisional Deal on Rules Regarding AI Use
December 11, 2023  |  artificial intelligence

Europe has reached a provisional deal on landmark European Union (EU) rules governing the use of artificial intelligence (AI), making it the first major world power...

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Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head Transaction Banking
Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head Transaction Banking
December 11, 2023  |  Personnel

Goldman Sachs has reportedly appointed Wells Fargo executive Paul Camp as its new head of transaction banking. Camp will also become a Goldman partner, Reuters reported Monday (Dec. 11). He...

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Fed Finds Consumers Are More Optimistic About Short-Term Inflation Prospects 
Fed Finds Consumers Are More Optimistic About Short-Term Inflation Prospects 
December 11, 2023  |  Economy

For consumers mulling where inflation’s headed, the Fed finds short-term optimism. But longer term?  Households see price increases settling in over the long run. The Federal...

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FedFinancial Federal Credit Union Partners With equipifi to Offer BNPL
FedFinancial Federal Credit Union Partners With equipifi to Offer BNPL
December 11, 2023  |  BNPL

FedFinancial Federal Credit Union (FedFinancial FCU), which serves federal employees and their family members in Washington, D.C., and Baltimore, has launched a buy now, pay...

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Goldman Sachs Looks to Double Size of Private Credit Unit
Goldman Sachs Looks to Double Size of Private Credit Unit
December 11, 2023  |  Banking

Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. That shift involves reshuffling senior executives in the unit, Marc Nachmann,...

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Accura Scan Unveils Suite of Identity Verification Products
Accura Scan Unveils Suite of Identity Verification Products
December 11, 2023  |  Authentication

Accura Scan, a provider of digital know your customer (KYC) and user verification solutions, has unveiled a suite of identity verification products for American banks...

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Payroll Firms Partner to Launch Payrocks to Offer Local Expertise
Payroll Firms Partner to Launch Payrocks to Offer Local Expertise
December 11, 2023  |  Payroll

Seven European payroll firms have launched a partnership aimed at sharing their expertise. Dubbed “Payrocks,” the group was launched to “deliver high-quality HR services through...

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