Whats Hot news and trends

Report: Middlemen Handle 50% of Russia’s Payments to China

April 28, 2024
Google: DOJ ‘Made Up Markets’ as Excuse for Antitrust Suit
Google // April 28, 2024

Google has accused the federal government of fabricating a market for its antitrust suit against the tech giant. Despite this, the Department of Justice (DOJ) has not shown that Google commands a 70% share of the online advertising market, the company said in a court filing asking a...

Banks Pay Savers More to Stay Amid Steep Interest Rates
Banking // April 28, 2024

For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted in a report Sunday (April 28) on the phenomenon. Among the lenders in question is Wells Fargo,...

Report: Apple and OpenAI Reopen iPhone AI Talks
artificial intelligence // April 28, 2024

Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone.  The two tech companies have begun talking about the possible terms of an agreement, and how OpenAI’s AI features could be added to the next version of the iPhone’s operating system,...

Republic First Sold to Fulton in Latest Regional Bank Failure
Banking // April 28, 2024

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26)....

Interviews & Exclusives
As RTP Turns 5, Matching Experience to Expectation Is the Challenge

November 22, 2022
The customer experience encompasses all of the touch points that customers take advantage of when interacting with a company’s employees, assets or operations — including and especially the payment experience. By streamlining and modernizing their payment experience through digital tools and future-fit investments, companies can provide a better, more repeatable experience for their customers, for […]

JPMorgan Sees ‘Big Data’ Becoming ‘Smart Data’ With Help of Super Apps

October 26, 2022
The digital front door is opening. Lia Cao, managing director and global co-head of corporate and eCommerce sales and solutions at J.P. Morgan Payments, told PYMNTS’ Karen Webster that the...

Amazon Prime Day Will Face Aggressive Rivals, Inflation-Weary Consumers

June 16, 2022
(Update: adds Target Deal Days announcement) With Amazon announcing the latest iteration of its annual Prime Day event, it didn’t take long before rival retailers began to unveil their own...

White House Crypto Executive Order Ignites Digital Dollar Debate

March 10, 2022
If you support creating a digital dollar, there’s a lot to be happy about in President Joe Biden’s Wednesday (March 9) executive order on the regulation of cryptocurrency. For one...

Quick Reads
Report: Middlemen Handle 50% of Russia’s Payments to China

April 28, 2024
Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for Chinese products are now handled by intermediaries, Reuters reported Friday (April 26), citing four sources. As the report noted, the United States Treasury has warned it could impose sanctions on […]

Google: DOJ ‘Made Up Markets’ as Excuse for Antitrust Suit

April 28, 2024
Google has accused the federal government of fabricating a market for its antitrust suit against the tech giant. Despite this, the Department of Justice (DOJ) has not shown that Google commands a...

Banks Pay Savers More to Stay Amid Steep Interest Rates

April 28, 2024
For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted...

Report: Apple and OpenAI Reopen iPhone AI Talks

April 28, 2024
Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone.  The two tech companies have begun talking about the possible terms of an agreement, and how...