Pymnts News/page/2 news and trends

AI Takes Turn as Archaeology Assistant to Uncover Ancient Commerce, Trade Routes
Artificial Intelligence // May 18, 2024

What if Indiana Jones had been able to use artificial intelligence? With AI, Indy could have quickly analyzed ancient texts, deciphered hieroglyphics and cross-referenced historical data, speeding up his research and reducing the time spent in dusty libraries. He could have been much more efficient in his...

DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams
Legal // May 17, 2024

Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of California Thursday (May 16), names two individuals who have been arrested: Daren Li, a dual citizen of China and St....

Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
Banking // May 17, 2024

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family...

Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling
Legal // May 17, 2024

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters of robust federal regulation. However, these supporters remain uncertain about the future of federal agency powers, given the court’s conservative...

Interviews & Exclusives
Lightspeed CEO on Helping Smaller Merchants Challenge Industry Goliaths

May 18, 2024
Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes. Blanchard’s quip highlights the fact that to successfully navigate marketplace challenges and capture new opportunities, businesses increasingly need to focus on creating scalable solutions for their customers’ top needs. And against the current dynamic operating […]

Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push

May 17, 2024
Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income...

AI Takes Flight in Airline Pricing

May 17, 2024
As travelers pack their bags for summer getaways, airlines are deploying artificial intelligence (AI) to squeeze every last dollar from their booking systems. Fetcherr, an Israeli startup, is helping carriers navigate the complex...

FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher

May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...

Quick Reads
DOJ Charges 2 With Money Laundering Around ‘Pig Butchering’ Scams

May 17, 2024
Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of California Thursday (May 16), names two individuals who have been arrested: Daren Li, a dual citizen of China and St. Kitts and Nevis, and Yicheng Zhang, a Chinese national, the […]

Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America

May 17, 2024
Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in...

Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling

May 17, 2024
The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters of robust federal regulation. However,...

Report: Dolce & Gabbana Sued Over NFT Sale

May 17, 2024
Dolce & Gabbana has reportedly been sued by a customer who said he spent $6,000 on non-fungible tokens (NFTs) offered by the company, only to have them arrive late and without...