The Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application to establish Erebor Bank, a new national bank that plans to provide deposit and lending products to businesses and individuals in the technology, payments systems, investment and defense industries, including participants in virtual currency...
OpenAI has hired former U.K. Treasury chief George Osborne to lead the artificial intelligence (AI) startup’s work with governments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The United States Trade Representative (USTR) said Tuesday (Dec. 16) that the U.S. will consider imposing fees or restrictions on foreign companies in response to lawsuits, taxes, fines and directives imposed on U.S. service providers by the European Union (EU) and some EU member states....
Real-time money movement is rapidly moving toward always-on status. The Federal Reserve has laid out a path to expand the operating days of its largest wholesale settlement rails, pushing final settlement deeper into weekends and holidays and shrinking the “wait until Monday” window that corporate...
Revolve Group, a fashion retailer for millennial and Generation Z consumers, now offers Affirm’s flexible payment options to shoppers in Canada and the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The threats snowballed in 2025. Cyberattacks stopped being episodic crises and instead became a persistent condition of doing business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Mastercard partnered with regional FinTech Ottu to expand access to local and global payment methods across four Gulf Cooperation Council (GCC) countries, including Kuwait, Qatar, Bahrain and Oman. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In its first action to implement the GENIUS Act, the Federal Deposit Insurance Corporation (FDIC) is considering a proposed rule that would establish procedures under which the insured depository institutions the regulator supervises could seek to issue stablecoin payments. Get the Full Story Complete the form to...
Wix has teamed with Stripe to offer more local payment options in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
