Today on PYMNTS
Apple’s Ives Says Siri AI Integration Could Drive Services Revenue
Apple’s new smart home accessories, which were unveiled Tuesday (Oct. 13), are centered on Siri…
Pluto Security Raises $42 Million to Protect Corporate AI Without…
Pluto Security emerged from stealth Tuesday (Oct. 13), saying in a blog post that the company has…
ServiceNow Denies Reports of Takeover Interest in AI Agent Startup…
ServiceNow denied Tuesday (Oct. 13) media reports suggesting it has shown interest in purchasing…
Google Says New Frontier Model Excels at Deep Work Across…
Google’s new frontier model, Gemini 4 Argon, is now available to developers, enterprises, scientists…
US Fines Bank of America $1.2 Billion, Alleging AML and…
Three federal agencies have imposed penalties totaling more than $1.21 billion on Bank of America,…
Goldman Sachs CEO Flags Financing Risk in AI Buildout
Goldman Sachs CEO David Solomon’s comments on artificial intelligence flagged a financing risk with…
400 Scientists Call for AI Containment Systems and Incident Reports
More than 400 scientists have signed an open letter calling for additional measures on artificial…
Banks Widen Credit Access to Low-Score Borrowers
Large banks are putting more credit cards into the hands of consumers with low…
Tech Giants and Global Police Dismantle West African Scam Rings
A coordinated effort by international law enforcement agencies and tech companies to crack down…
Your Bank Wants to Plan and Pay for the Trip
Banks have always paid for the trip. Now, they want to help plan it….
Albertsons Presses Reset Button as Inflation Presses Its Customers
Grocery giant Albertsons is planning an extensive overhaul as inflation continues to hinder consumer spending. The…
Billing Friction Puts $12.3 Billion in Auto-Loan Payments at Risk
Auto lenders are entering a period in which collections performance will depend on more…
UnitedHealth Says Chart Review Time Falls 33% With AI Usage
UnitedHealth Group is using artificial intelligence and streamlined digital tools to tackle rising consumer demand…
Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets
Wells Fargo is devoting “significant management time and resources” to building artificial intelligence (AI)…
61 Million Shoppers Now Start Their Search With AI Assistance
New research shows that consumers are rapidly adopting artificial intelligence (AI) tools to conduct…
Cross River Picks Ex-Lazard CEO Evan Russo as President
Cross River Bank has selected former Lazard Asset Management CEO Evan Russo as its…
Citi’s Fraser Says Enterprises Value Tokenized Deposits Over Stablecoins
The race to modernize corporate payments is becoming a contest over where businesses want…
Rain Rolls Out Embedded Stablecoin Wallets
Stablecoin payments platform Rain has begun offering embedded stablecoin wallets. The new wallet is…
AI Robots Are Ready for Whatever Shoppers Send Back
Every returned item has to be picked up, identified and sorted before it can…
AI Labs Having Second Thoughts on Independent Safety Evaluations
The call for oversight may be coming from inside the artificial intelligence industry’s own…
J&J Spotlights FDA-Approved Surgical Robot Amid $100 Billion Revenue Push
Regulatory approval of a new Johnson & Johnson tool opens a new category in…
Ramp’s $1.5 Million Week of Spending Leads to Glass AI…
Ramp will begin offering its in-house artificial intelligence tool, Glass, to other companies, according…
Bakkt Picks Thredd to Launch Stablecoin Card Program
FinTech Bakkt turned to Thredd to launch a card-as-a-service program in the United States…
JPMorgan Card Spending Hits $539 Billion as Credit Improves
JPMorganChase’s third quarter results showed consumers kept spending and borrowing during the quarter, while…
Domino’s Uses Personalization to Fix Slumping Sales Growth
Domino’s is meeting a customer need for more personalized product options as it works…
Cyber Risks Turn Physical When Hackers Control the Retail Thermostat
An unidentified hacking group, or several of them, wrought havoc across hundreds of European…
FinCEN Clears Path for Digital IDs in Bank Customer Verification
Federal financial regulators have clarified that banks and credit unions can use government-issued digital…
PYMNTS Finds Enterprises Outpace Middle-Market Firms in Payment Guarantee Adoption
Large corporations are racing ahead in payment guarantee adoption while middle-market organizations hesitate over…
Huntington Expands Into International Corporate Banking Sphere
Huntington Bank has added an international corporate banking group to its corporate, specialty and government…
Character AI Files for Bankruptcy and Signs $20 Million Disney…
Character AI has declared bankruptcy and agreed to sell some of its assets to Disney. The…
Priority to Orchestrate NIL Payments for Notre Dame Athletes
Priority Commerce is teaming with Rally, a marketing and media group for Notre Dame…
Splitit Bets a White-Label Charge Card Can Make Mid-Sized Banks…
Watch more: Need to Know with Splitit’s Nandan Sheth In 1949, a businessman named…
Visa Receives Clearance to Bring Card Business to China
Visa has been granted permission from China to bring its card business to that…
Banking Regulators Tighten Oversight of Possible AI Risks
Banking watchdogs are reportedly ramping up efforts to control increasing risks from artificial intelligence…
Labor Shortages and Persistent Inflation Batter Small Business Optimism
Small business optimism dipped in September as concerns about “labor quality or availability” rose,…
Treasury’s Next Big Challenge Is Connecting the Systems It Already…
Watch more: Need to Know with Bank of America’s Daniel Stanton Companies have upgraded…
Paymentology Says AI Agents Must Earn the Right to Move…
Watch more: What’s Next In Payments | Paymentology | Tim Joslyn Payments infrastructure has…
Gen X Calls the Cards: What Gets This Generation to…
Gen X Still Favors Credit Cards Ask Gen X how it pays, and the…
Entrust Says Millions of AI Agents Will Test the Limits…
Watch more: Building a Trusted Foundation for Agentic AI Companies have spent the past…
Digital Assets: The Changing Talent Picture
Banks investing in digital money need more than the technology to issue, custody or…
Paycheck-to-Paycheck Consumers Are Running Out of Expenses to Cut
For millions of Americans living paycheck to paycheck, the hardest part of managing money…
Two-Thirds of Shoppers Let Payment Preferences Guide Store Choice
American shoppers are giving retailers a reason to rethink how they attract customers: The…
Ransomware Gang Claims MoneyGram Data Theft
A ransomware gang claimed Monday (Oct. 12) that it stole data from payment network MoneyGram and will publish…
Mashreq’s AI Agents Cut Integration Time Up to 70%
Every new payment rail, app feature or partner a bank adds has to be…
Treasury Screens 1.1 Billion Payments to Catch Errors Early
A federal payment can go wrong in two directions. Money can reach someone who…
Delta CEO Credits Loyalty Program For Record September Quarter
Delta Air Lines’ loyalty program helped the company sustain its earnings while dealing with…
Stablecoins Have a $10 Million Problem: All That Money Is…
A business receives $10 million in stablecoins on Monday, and by Friday, much of…
Banks Stop Counting AI Hours and Start Counting Returns
For years, banks have sold investors on artificial intelligence (AI) with usage counts and…
Meta Adds Memory and Focus to New Frontier Models for…
Meta introduced two new frontier models for personal and professional artificial intelligence agents, the…
PayJoy Acquires Mexico’s Finia to Gain Deeper Credit Insights
PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican…
PYMNTS Finds 42% of Companies Rely on Layered Defense to…
Forty-two percent of corporate finance departments deploy a stack of three or more artificial…
Louis Vuitton Trademark Dispute Leads to Sales Slump in China
Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China….
OpenAI’s Video Model Sora Could Get a Second Act
OpenAI is reportedly considering a plan to resurrect its video model Sora. The company…
Upgrade Joins New Wave of FinTechs Seeking Bank Charters
FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a…
Google Launches Women’s Health Partnership and New Fitbit
Google has launched a women’s health partnership as it deepens its footprint in the…
AI Safety Regulations Gain Momentum in Congress Ahead of Midterms
With leading artificial intelligence executives sounding the alarm over rogue autonomous agents and voter…
Meta and Sierra’s Poppy Lets Customers Set Limits for AI…
When a personal artificial intelligence agent makes a purchase or fixes a problem for…
FedEx Adds Duty and Tax Payments to APAC Import Tool
FedEx customers in nine Asia-Pacific (APAC) markets can now use the FedEx Import Tool…
Mastercard and WEX Launch APAC-Focused Fleet Management Partnership
Mastercard and WEX launched a fleet management partnership focused on the Asia-Pacific region, according…
FIS Wants to Help CFOs Forecast Cash Flow With Agentic…
FIS has debuted an agentic artificial intelligence solution to help finance teams manage collections, liquidity,…
IMF: Tokenized Stocks Show Demand for 24-Hour Trading, but Investor…
Tokenized securities are demonstrating genuine investor demand for around-the-clock trading and fractional ownership, but…
Convenience Stores Put Vertical SaaS to a Multi-Business Test
Vertical software as a service has generally benefited from specialization. A restaurant platform can…
How B2B Invoices Became Payment Infrastructure
Two years ago, a B2B invoice was largely a record of a transaction already…
Citi Readies Audit to Seek End of Federal Oversight and…
Citi aims to submit an internal audit to banking regulators by the first quarter…
IMF Says AI Fuels Growth but Could Disrupt Labor Markets
International Monetary Fund Managing Director Kristalina Georgieva said artificial intelligence investment is keeping global…
Microsoft President Argues AI Less Regulated Than Washing Machines
Microsoft’s president says artificial intelligence now faces less regulatory oversight than appliances and dairy…
Do Banks Need AI Employees More Than They Do Core…
Watch more: Monday Conversation With Kastle’s Rishi Choudhary Rishi Choudhary, Co-Founder and CEO of Kastle,…
Finance Teams Embrace AI but Many Still Struggle to Unlock…
Corporate treasury is approaching an uncomfortable reality about artificial intelligence. Almost every firm has…
Leela CEO Says AI Can Give FinTechs a 10-Person Compliance…
Compliance remains labor-intensive for financial institutions, which must satisfy multiple regulators and meet extensive…
More Than Two-Thirds of Firms Lose or Delay Revenue When…
A failed payment can look small on a transaction screen. For the business waiting…
AI Agents Give Main Street Businesses Big Business Muscle
Running a small business has always meant doing more with less. The owner takes…
71% of Card Switchers Choose a Card Already in Their…
Credit card issuers may think their biggest retention threat is another bank persuading a…
Pay-by-Bank Could Win 32% of Bill Payments With the Right…
Digital bank customers are more willing than the broader banking population to move transactions…
Amazon Weighs $7 Billion Purchase of AI Startup Decart
Amazon is reportedly in discussions to purchase artificial intelligence startup Decart in a roughly…
White House Says All AI Companies Must Report Security Incidents
The White House is reportedly requiring artificial intelligence companies to report and correct security…
Ramp Valued at $60 Billion Following New Funding Round
Ramp has reportedly reached a $60 billion valuation with its newest funding round. That’s…
CFTC Wants to Redefine Swaps to Include Prediction Platforms
The Commodity Futures Trading Commission (CFTC) wants to define financial swaps to include event…
Nvidia Looks to Purchase Open-Weight AI Firm Reflection
Nvidia is reportedly in talks to acquire Reflection AI, a U.S. maker of open-weight…
Microsoft CEO Calls for Safeguards Against Rogue AI
Microsoft’s CEO says companies should assume powerful artificial intelligence models could be compromised and…
20% of Americans Behind on Loans, Fed Data Shows
New Federal Reserve data shows wealth gains cooling among American families amid a spike…
Scamming Becomes $422 Billion Business With AI Assistance
Like many industries, scamming is getting an artificial intelligence-powered upgrade. That’s according to a…
AI Companies Expected to Drive 31% Uptick in Q3 Earnings
American third-quarter corporate earnings are reportedly set to jump on the strength of artificial…
EU Tech Chief Says AI Act Can Contain Rogue Agents
The guardrails put in place by the European Union’s AI Act are capable of meeting…
Online Auctions Put a Price on Strange
Somewhere, someone has decided that a drawer containing 171 eyeballs is worth $2,640. Presumably,…
OPay Files for US IPO with 50 Million Active Users and Expansion…
OPay, a digital financial platform built for emerging markets, has 50.1 million monthly active…
Revolut CEO Targets Long-Term Growth With Proprietary Models
Revolut aims to expand its suite of technology products and, over the long term, grow…
White House Urges Congress to Pass Credit Card Competition Act
President Donald Trump continues to urge Congress to pass the Credit Card Competition Act, a…
2 Years of SDNY FinCrime Cases Show New Technology Scaling…
Enterprise fraud and white-collar crime’s biggest shift over the past two years is less…
Overdrafts Expose a Divide in Credit Access
Running short of money before the next paycheck can force a consumer into making…
Vitalize Secures $31 Million to Address Healthcare’s Staffing Chaos
Vitalize raised $31 million in a Series A funding round to accelerate the growth…
Apple Scales Back iPhone 18 Orders as Price Hike Cools…
Apple has reduced its orders of components for the latest iPhones for October by…
Aston Martin F1 Uses AI to Monitor Rival Radio
Aston Martin’s Formula One team now listens to 40 race radio channels at once,…
Blockchain.com Seeks US Approval for Event Contracts and Derivatives
Digital asset platform Blockchain.com has applied for licenses to offer event contracts and cryptocurrency…
Bending Spoons Deploys AI to Overhaul Acquired Software Companies
Artificial intelligence has been valuable to Bending Spoons, a company that buys digital businesses…
Banks Put AI Agents Through Performance Reviews
A fund manager in Hong Kong emails BNY at 2 a.m. New York time…
Mastercard CEO Says Stablecoins Solve Cross-Border Payment Delays
Cross-border payments are proving to be the strongest use case for stablecoins, Mastercard CEO Michael Miebach said Friday…
Banks Face Easier CFPB Exams as Agency Funding Fight Drags…
Banks and other consumer lending institutions are finding it easier these days to score…
Automation and AI Move Deeper Into Payment Exceptions
Much of payment processing already happens without an employee touching the transaction. The “hands-on”…
AI Agents Can Make Cross-Border Payments Faster, But Not Fix…
Moving money across borders may be one of the last steps in an international…
Japan Races to Improve Cybersecurity After Hacks Expose IDs
Japan’s government agencies are racing to improve the country’s cybersecurity measures after more than…
Cost and Compliance Hurdles Could Slow AI Insurance Shopping Agents
Picture this. You ask an artificial intelligence assistant to find you cheaper car insurance,…
OpenAI Projects $20 Billion Jump in Annualized Revenue Before Year…
OpenAI expects its annualized revenue to reach at least $70 billion by the end…
Splitit CEO Says AI Agents Need the Full Financial Picture…
Watch more: Need to Know With Splitit’s Nandan Sheth Artificial intelligence could turn pay…
59% of Firms With AI Fraud Defenses Stop Losses Before…
Businesses that combine several artificial intelligence tools to fight payments fraud are nearly twice…
New Data Shows Small Businesses Use AI to Grow Without…
Key Findings Most small businesses now use AI, and the ones that are growing…