PYMNTS News

New Report Finds the Average Consumer Is Overdrawn for 9 Days

New Report Finds the Average Consumer Is Overdrawn for 9 Days
New Report Finds the Average Consumer Is Overdrawn for 9 Days
October 12, 2023  |  Consumer Finance

Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby...

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US Banks Brace for Surge in Bad Debt Write-Offs
US Banks Brace for Surge in Bad Debt Write-Offs
October 11, 2023  |  Banking

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. Get...

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Goldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs Sells GreenSky Platform and Loan Assets
October 11, 2023  |  Fintech Investments

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street....

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Circle and Coins.ph Partner to Promote USDC Use in Philippines
Circle and Coins.ph Partner to Promote USDC Use in Philippines
October 11, 2023  |  Cryptocurrency

Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. Get the...

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Internet Companies Successfully Defend Against Largest-Ever Denial-of-Service Attack
Internet Companies Successfully Defend Against Largest-Ever Denial-of-Service Attack
October 11, 2023  |  Cybersecurity

Internet companies Google, Amazon and Cloudflare have successfully defended against the largest-known denial-of-service attack on the internet, raising concerns about a new technique that could potentially cause widespread disruption....

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Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
October 11, 2023  |  Artificial Intelligence

Trade Ledger is now accepting applications from banks to join the beta program for its artificial intelligence-enabled Working Capital Copilot solution. Get the Full Story...

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Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony 
Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony 
October 11, 2023  |  Legal & Regulation

It was tears, not fireworks, for Caroline Ellison’s second day of testimony Wednesday (Oct. 11). Get the Full Story Complete the form to unlock this...

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Mastercard and Bizom Partner on Supply Chain Financing in India
Mastercard and Bizom Partner on Supply Chain Financing in India
October 11, 2023  |  SMBs

Mastercard has partnered with Bizom, a retail intelligence platform, to provide a comprehensive digital supply chain financing solution to micro retailers and distributors in India.  Get the...

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