PYMNTS News

Meta Prepares 8,000 Layoffs to Offset AI Infrastructure Investments

Meta Prepares 8,000 Layoffs to Offset AI Infrastructure Investments
Meta Prepares 8,000 Layoffs to Offset AI Infrastructure Investments
April 23, 2026  |  Facebook / Meta

Meta plans to cut 10% of its workforce, or about 8,000 employees, and will not fill 6,000 open roles, Bloomberg reported Thursday (April 23), citing...

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Treasury Chief Says Smarter AML Starts With Better Identity
Treasury Chief Says Smarter AML Starts With Better Identity
April 23, 2026  |  AML

A Wednesday (April 22) hearing on sanctions and illicit finance placed the machinery of anti-money laundering (AML) under scrutiny, as lawmakers and Treasury officials examined...

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FedNow Fortifies Security for Instant Payments
FedNow Fortifies Security for Instant Payments
April 23, 2026  |  Real-Time Payments

Federal Reserve Financial Services (FRFS) will launch a new risk mitigation tool for FedNow® Service participants on Tuesday (April 28). Get the Full Story Complete the form...

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Activist Hedge Fund TCIM Pushes Voya Toward Sale
Activist Hedge Fund TCIM Pushes Voya Toward Sale
April 23, 2026  |  Business

Asset manager Voya Financial is being pressured by hedge fund Toms Capital Investment Management (TCIM) to sell all or part of its pension and insurance...

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FASB Wants Companies to Reveal Stablecoin Holdings
FASB Wants Companies to Reveal Stablecoin Holdings
April 23, 2026  |  Cryptocurrency

The Financial Accounting Standards Board reportedly wants businesses to disclose their stablecoin holdings. Get the Full Story Complete the form to unlock this article and...

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Insurance Denials Meet Their Match in AI-Powered Appeals
Insurance Denials Meet Their Match in AI-Powered Appeals
April 23, 2026  |  Artificial Intelligence

A patient is denied coverage for a drug he has taken for 18 years. His insurer says he should try a cheaper alternative. He finds...

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Amazon and Walmart Push AI Deeper Into the Shopping Aisle
Amazon and Walmart Push AI Deeper Into the Shopping Aisle
April 23, 2026  |  Retail

Winning in retail has a new goal line: the logic that drives consumer choice itself. Get the Full Story Complete the form to unlock this...

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OnePay Adds Credit-Building Card to All-in-One Financial App
OnePay Adds Credit-Building Card to All-in-One Financial App
April 23, 2026  |  Consumer Finance

Consumer FinTech company OnePay has launched a product designed to provide Americans with a starting point for building credit. Get the Full Story Complete the...

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