PYMNTS News

David’s Bridal Plans to Spin Off AI Wedding Planner Pearl in $350 Million SPAC Deal
David’s Bridal Plans to Spin Off AI Wedding Planner Pearl in $350 Million SPAC Deal
October 22, 2026  |  Retail

David’s Bridal plans to separate its Pearl division, with Pearl becoming an independent public company offering a digital wedding planning, media and commerce platform, the...

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Coast Secures $35 Million to Expand Financial Platform for Physical Economy
Coast Secures $35 Million to Expand Financial Platform for Physical Economy
October 22, 2026  |  Investments

Financial technology firm Coast announced in a Thursday (Oct. 22) press release that it has raised $35 million in a new growth equity funding round...

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AI Finds Flaws Hiding in the Code Behind 70% of Websites
AI Finds Flaws Hiding in the Code Behind 70% of Websites
October 22, 2026  |  Cybersecurity

Security flaws discovered with the help of artificial intelligence have triggered an urgent, OpenAI-led effort to protect websites worldwide, PYMNTS reported. The scramble exposes how...

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Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations
Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations
October 22, 2026  |  Personnel

Barclays plans to eliminate about 5,000 jobs this year as the British bank expands its use of artificial intelligence (AI) and technology to improve productivity...

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Cloudflare Reports Millions of Exploit Attempts After PHP Flaws Disclosed
Cloudflare Reports Millions of Exploit Attempts After PHP Flaws Disclosed
October 22, 2026  |  Cybersecurity

Cloudflare reported millions of attempts to exploit newly disclosed vulnerabilities in PHP, or Hypertext Preprocessor, as companies and governments raced to secure websites and online...

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DOL Data Shows Jobless Claims Drop to Near 1960s Lows
DOL Data Shows Jobless Claims Drop to Near 1960s Lows
October 22, 2026  |  Economy

There were 6,000 fewer initial claims for unemployment last week than the previous week, with multiple media reports saying the labor market remains about as...

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Companies Should Test AI Agents Like Job Candidates, Law Firm Says
Companies Should Test AI Agents Like Job Candidates, Law Firm Says
October 22, 2026  |  Artificial Intelligence

Imagine hiring a new employee who works around the clock, never takes a break and can place orders or move money on its own. Now...

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Currency Costs Test the Promise of Cross-Border Payment Bundles
Currency Costs Test the Promise of Cross-Border Payment Bundles
October 22, 2026  |  Cross-border Payments

Small businesses in the United States purchasing overseas want faster payments, lower fees and better exchange rates. Financial providers are combining accounts, currency management and...

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Banks Crack Down on Unauthorized AI Agents Operating Inside Customer Accounts
Banks Crack Down on Unauthorized AI Agents Operating Inside Customer Accounts
October 22, 2026  |  Banking

Major U.S. banks are detecting and deleting unauthorized third-party artificial intelligence agents that are taking actions inside customer accounts, Reuters reported Thursday (Oct. 22), citing a...

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