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American tech giants are reportedly upping their Gulf State investments amid President Trump’s visit to the region.
The Trump administration has brokered deals for two Middle Eastern allies — Saudi Arabia and the United Arab Emirates (UAE) — to bolster their artificial intelligence (AI) efforts, Bloomberg news reported Tuesday (May 13).
New agreements with the U.S., expected to be announced in...
Republican and Democratic senators are reportedly working to resurrect stablecoin legislation.
As Bloomberg News reported Tuesday (May 13), this legislation, supported by the cryptocurrency industry, had lost momentum due to backlash against President Donald Trump’s involvement in digital asset ventures.
However, Sen. Bill Hagerty (R-TN) told Bloomberg that lawmakers from both sides of the aisle...
If there’s one unwelcome constant in payments, it’s fraud.
Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures.
To battle fraudsters, financial institutions (FIs) need to take a proactive, holistic approach to security and scam protection in particular, Entersekt CEO Schalk Nolte told PYMNTS. That means using behavioral...
The 9-to-5 workday is going the way of the door-to-door salesman. So is the definition of “work.”
For a growing number of Americans, a traditional job is no longer their sole, or even primary, source of income. What were once considered sporadic “gigs” or supplemental ways to earn pocket money have rapidly evolved into a critical component of household financial stability.
According to a...
A $10 million instant payment is no longer a fantasy — it’s the new normal as real-time payments revolutionize global finance.
PYMNTS Intelligence’s latest “Real-Time Payments World Map” revealed a surge in instant payment capabilities across the globe, as announcements focus on bringing faster payments to new use cases for consumers and businesses.
The moves to broaden the reach of the payments...
Despite significant systemic barriers, consumers classified as subprime remain active participants in the credit market, seeking both traditional products and alternative options to manage finances and improve their credit standing, according to a new PYMNTS Intelligence report.
The report, “Subprime Borrowers Flock to Alternative Options Due to High Credit Card Denial Rate,” defines subprime...
Generative artificial intelligence, encompassing technologies like deepfakes and advanced voice synthesis, has become a double-edged sword in payments and cybersecurity.
Last year, a finance worker in Hong Kong transferred $25 million to fraudsters after a video call with what appeared to be the company’s chief financial officer and other executives. The twist? Every participant on the call was a...
Collaboration between credit unions and FinTechs can shape the future of financial services, Velera Chief Product Officer Denise Stevens writes in a new PYMNTS eBook, “The Listening Economy: How Customer Conversations Are Transforming Financial Services.”
While FinTechs were once considered rivals, most financial institutions now recognize FinTech partnerships as an essential part of their...
Anyone who wants to learn about a winning mindset can find no shortage of quotes to get inspired. Maybe the best one comes from the GOAT (Greatest of All Time) himself.
“I’ve missed more than 9,000 shots in my career,” basketball legend Michael Jordan has said. “I’ve lost almost 300 games. Twenty-six times, I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and...
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Walmart and Branch that it filed in December.
The agency filed a notice of dismissal Tuesday (May 13), Bloomberg reported Tuesday.
The CFPB sued Walmart and Branch on Dec. 23, alleging that the retailer and the FinTech company illegally opened accounts for gig economy delivery drivers without their consent,...