PYMNTS News

Making Sense of Embedded DeFi’s Role in Web3’s Future
Making Sense of Embedded DeFi’s Role in Web3’s Future
May 17, 2024  |  Blockchain

The Web3 space has its sights set on transforming payments and commerce via blockchain technologies. And with the news Wednesday (May 15) that Safe has...

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HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024  |  Banking

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns...

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Women Earning Over $100K Spend Nearly $1K on Their Own Health Every Year
Women Earning Over $100K Spend Nearly $1K on Their Own Health Every Year
May 17, 2024  |  Healthcare

For most women, a complex cluster of building blocks — their life stage, household responsibilities, financial circumstances, age and dependents, among others — shape how...

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CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
May 17, 2024  |  Investments

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. The company will use the new financing to further develop its high-performance compute fleet to...

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This Week in AI: Airline Pricing, Search Boosts, Company Cash Windfalls and Google Video
This Week in AI: Airline Pricing, Search Boosts, Company Cash Windfalls and Google Video
May 17, 2024  |  Artificial Intelligence

This week in artificial intelligence, airlines are diving into AI this summer to enhance booking systems and boost profits, with Israeli startup Fetcherr leading the...

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UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
May 17, 2024  |  Regulation

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that...

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Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
May 17, 2024  |  Financial Inclusion

Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve...

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Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024  |  Retail

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money,...

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How Compliance Is Shaping the Future of Cross-Border Payments
How Compliance Is Shaping the Future of Cross-Border Payments
May 17, 2024  |  Cross-border Payments

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to...

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