Pymnts News news and trends

DOJ Probes Nvidia’s Hugging Face Deal Over AI Competition Concerns
Legal & Regulation // October 28, 2026

The Justice Department is looking into whether Nvidia’s deal to acquire Hugging Face could harm competition in the artificial intelligence industry by giving the company a control of a key distribution point, Reuters reported Wednesday (Oct. 28), citing unnamed sources. The inquiries the Justice Department...

Microsoft Sees Enterprise AI Adoption Accelerate as Copilot Usage Grows
Earnings // October 28, 2026

Microsoft is seeing enterprises move beyond artificial intelligence experiments toward systems that handle business processes. The company is also expanding how it charges for AI through subscriptions and usage-based billing. CEO Satya Nadella pointed to Unilever, Rolls-Royce and Austrian lender Raiffeisen Bank International on Microsoft’s...

FTC Orders 9 Companies to Explain Pricing and Compensation Methodologies
Legal & Regulation // October 28, 2026

The Federal Trade Commission (FTC) has ordered nine companies to provide detailed information about their pricing and compensation methodology, the regulator said in a Wednesday (Oct. 28) press release. This data will inform the FTC’s newly launched inquiry into the use of personal data to...

Google Pushes AI Agents Into Commerce as Spending Pressures Cash Flow
Earnings // October 28, 2026

Alphabet’s third-quarter results put a familiar fear back in focus: Big Tech’s artificial intelligence spending could outrun the earnings and cash needed to justify it. Google’s parent spent $51.4 billion on capital investments and reported negative free cash flow of $9.1 billion. But beyond the...

Interviews & Exclusives
Google Pushes AI Agents Into Commerce as Spending Pressures Cash Flow

October 28, 2026
Alphabet’s third-quarter results put a familiar fear back in focus: Big Tech’s artificial intelligence spending could outrun the earnings and cash needed to justify it. Google’s parent spent $51.4 billion on capital investments and reported negative free cash flow of $9.1 billion. But beyond the spending bubble concerns, executives outlined a development that could prove […]

California Puts a 15-Minute Clock on AI Customer Service Handoffs

October 28, 2026
It’s fairly common in the age of artificial intelligence and agents for AI to handle routine customer service faster and cheaper than a call center, but the customer on the...

Businesses Stack Working Capital as Bank Credit Tightens

October 28, 2026
Businesses are using several forms of working capital to pay bills that previously could have been covered by customer receipts arriving earlier. Bank credit lines, corporate cards and supplier payment...

Banks’ Own Policies Could Complicate Their AI Lending Push

October 28, 2026
Before a company’s loan request reaches a room full of bankers, a computer may have already sized it up. Artificial intelligence tools now score borrowers, sort through financial statements and...

Quick Reads
FedEx Converts Digital Insights Into New Market Expansion

October 28, 2026
FedEx is using its digital insights to unlock new markets, the company said in a Wednesday (Oct. 28) press release detailing its results for the quarter ended Sept. 30. The company is leveraging its data to offer visibility and supply chain management tools to customers, according to a third quarter earnings presentation released Wednesday. “Building […]

DOJ Probes Nvidia’s Hugging Face Deal Over AI Competition Concerns

October 28, 2026
The Justice Department is looking into whether Nvidia’s deal to acquire Hugging Face could harm competition in the artificial intelligence industry by giving the company a control of a key...

FTC Orders 9 Companies to Explain Pricing and Compensation Methodologies

October 28, 2026
The Federal Trade Commission (FTC) has ordered nine companies to provide detailed information about their pricing and compensation methodology, the regulator said in a Wednesday (Oct. 28) press release. This...

Paysafe Expands Digital Wallet Across Entire Euro Zone

October 28, 2026
PaysafeWallet is now available in all euro area markets, after being expanded in Eastern Europe, Paysafe said in a Wednesday (Oct. 28) press release. PaysafeWallet is a digital wallet that can be accessed through...