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China’s Generative AI Regulations Go Live Next Month
China’s Generative AI Regulations Go Live Next Month
July 17, 2023  |  News

China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology...

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14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Digital-First Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

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JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
July 12, 2023  |  Banking

Silicon Valley Bank’s collapse in March has prompted J.P. Morgan to tap into the resulting vacuum and grow its business of banking venture capitalists and...

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Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023  |  Regulation

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI)....

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Report: Revolut US Payments Flaw Leads to $20 Million Theft
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023  |  Security & Fraud

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over...

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UK Businesses Say New Subscription Rules Too Rigorous
UK Businesses Say New Subscription Rules Too Rigorous
July 09, 2023  |  Subscriptions

British businesses are protesting new regulations to make it easier for customers to cancel subscriptions. As the Financial Times (FT) reported Friday (July 7), the broadcaster...

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UK Finance: 61% of Push Payments Fraud Tied to Meta
UK Finance: 61% of Push Payments Fraud Tied to Meta
July 09, 2023  |  Security & Fraud

British lobbying group UK Finance has reportedly tied a bulk of the country’s digital payments fraud to Meta Platforms. As the Financial Times reported Sunday (July 9) —...

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SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Faster Payments

SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35...

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BP Begins Rollout of Digital Payments Solution for Fleets
BP Begins Rollout of Digital Payments Solution for Fleets
July 05, 2023  |  B2B Payments

BP has begun its rollout of a digital payments solution for fleets. The energy company’s new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz...

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