Marqeta’s enterprise customers can now offer stablecoin-backed cards powered by Coinbase, the companies said in a Friday (Oct. 16) press release. This offering is enabled by a new collaboration that integrates Marqeta’s card issuing platform with Coinbase’s infrastructure, according to the release. Together, they will provide a payment card solution that enables...
As FinTechs scale, they bring banks more deposits, loans, transactions and fees while gaining more choice over which institutions provide the funding and infrastructure behind them. Upgrade facilitated more than $53 billion in credit through a model built with banks and loan buyers when it applied this week to establish...
A federal judge refused to overturn a $5 million settlement that cryptocurrency exchange Gemini reached with the Commodity Futures Trading Commission in January 2025 and has already paid, CoinDesk reported Friday (Oct. 16). The CFTC has since said that it never should have brought the case against Gemini, and the...
President Donald Trump’s artificial intelligence (AI) task force, the Super Intelligence Force, will commission a report from the President’s Council of Advisors on Science and Technology to evaluate potential dangers of the technology, Bloomberg reported Thursday (Oct. 15), citing a White House account of a meeting. Thursday’s meeting was the first one held by...
The hardest job at a Taco Bell during the dinner rush is the headset. One worker takes orders from a line of cars, repeats them back over road noise and fields the complaints when a Crunchwrap comes out wrong. At more than 890 Taco Bell drive-thrus, voice artificial intelligence now...
Cross-border payments carry a working capital cost before money reaches the recipient. Payment providers frequently need funds available in advance to make payouts in other markets. For a company operating across currencies and time zones, that can mean maintaining cash in multiple bank, settlement or network accounts so payments can...
Regions Financial Corp., parent company of Regions Bank, expects the cost of cybersecurity to increase its adjusted noninterest expense by between 1.5% and 3.5% for full-year 2026, Chief Financial Officer Anil Chadha said Friday (Oct. 16) during an earnings call. The company’s investments in technology and infrastructure drove a 6% increase in its equipment...
Since the emergence of OpenAI’s ChatGPT platform in late 2022, a considerable amount of public attention and private capital has been directed toward GenAI and its potential. In “Regulating Generative AI: The Six Storylines of 2023,” PYMNTS reveals AI’s six storylines of 2023 in this new report featuring insights from experts in the field.
