PYMNTS News

Fed Digital Payments Mandate Gets Attention of Visa, Mastercard and FinTechs

Fed Digital Payments Mandate Gets Attention of Visa, Mastercard and FinTechs
Fed Digital Payments Mandate Gets Attention of Visa, Mastercard and FinTechs
July 11, 2025  |  Digital Payments

In March, the White House handed down an executive order mandating that the federal government will stop issuing paper checks for disbursements, effective Sept. 30,...

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The Stablecoin Ledger This Week: Regulation, Custody Infrastructure and Trust 
The Stablecoin Ledger This Week: Regulation, Custody Infrastructure and Trust 
July 11, 2025  |  Cryptocurrency

Next week, starting July 14, is “Crypto Week” in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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SEC Alleges Georgia-Based First Liberty Building & Loan Operated Ponzi Scheme
SEC Alleges Georgia-Based First Liberty Building & Loan Operated Ponzi Scheme
July 11, 2025  |  Cybersecurity

The Securities and Exchange Commission (SEC) said Friday (July 11) that it filed charges against Newnan, Georgia-based First Liberty Building & Loan and its founder...

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BIS Says Stablecoins Require ‘More Restrictive Regime’ Than Traditional Finance
BIS Says Stablecoins Require ‘More Restrictive Regime’ Than Traditional Finance
July 11, 2025  |  Cryptocurrency

The growing ties between stablecoins and the traditional financial system pose risks to financial integrity and financial stability, the Bank for International Settlements (BIS) said...

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Costco Sales Rise 5.8%, Driven by Fresh Food and Non-Food Categories
Costco Sales Rise 5.8%, Driven by Fresh Food and Non-Food Categories
July 11, 2025  |  Earnings

Costco’s total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards....

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AWS Reportedly Set to Launch AI Agent Marketplace
AWS Reportedly Set to Launch AI Agent Marketplace
July 11, 2025  |  Amazon

Amazon Web Services (AWS) will reportedly launch an artificial intelligence (AI) agent marketplace on July 15 during its AWS Summit. Get the Full Story Complete...

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This Week in AI: Nvidia Hits $4 Trillion Market Cap; Reddit Post Reignites AI in Healthcare Debate
This Week in AI: Nvidia Hits $4 Trillion Market Cap; Reddit Post Reignites AI in...
July 11, 2025  |  Artificial Intelligence

This week in artificial intelligence, Nvidia reached a record market capitalization, while Americans are using AI chatbots to get medical advice and restaurants are using...

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S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
July 11, 2025  |  Business

S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction...

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