PYMNTS News

Nasdaq Halts Plans for US Digital Asset Custodian Business
Nasdaq Halts Plans for US Digital Asset Custodian Business
July 19, 2023  |  Cryptocurrency

Nasdaq has halted its planned launch of a U.S. digital asset custodian business, citing the shifting business and regulatory environment. At the same time, the company...

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Citi Debuts Working Capital Loans for Commercial Clients
Citi Debuts Working Capital Loans for Commercial Clients
July 19, 2023  |  Loans

Citi says it wants to help its commercial banking clients meet their working capital needs. The banking giant on Wednesday (July 19) announced the launch...

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ACI Worldwide and Dock Bring ‘Acquiring-as-a-Service’ to Brazil
ACI Worldwide and Dock Bring ‘Acquiring-as-a-Service’ to Brazil
July 19, 2023  |  Partnerships

ACI Worldwide says it wants to bring “Acquiring-as-a-Service” to the Brazilian market. To that end, the real-time payments software company has teamed with Dock, a...

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Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
July 19, 2023  |  Bank Regulation

The Federal Reserve has fined Deutsche Bank $186 million, saying it has made “insufficient remedial progress” on earlier consent orders around sanctions compliance and anti-money...

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As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
July 19, 2023  |  Earnings

Goldman Sachs’ retreat from Main Street banking continues — and the second quarter results showed the lingering impact. While Wall Street may be parsing the...

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Meta Sharpens AI Strategy as Tech Giants Crowd Marketplace
Meta Sharpens AI Strategy as Tech Giants Crowd Marketplace
July 19, 2023  |  artificial intelligence

The generative artificial intelligence (AI) landscape is getting crowded. And some of the world’s biggest technology companies are starting to jostle for elbow room. This,...

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Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
July 19, 2023  |  Faster Payments

And now comes the real test. Almost four years ago, the Federal Reserve announced that it would develop a “round the clock real time payment...

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TerraPay and Safaricom Team on Cross-Border Payments
TerraPay and Safaricom Team on Cross-Border Payments
July 19, 2023  |  Cross Border Commerce

Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance...

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When It Comes to Proving Their Identity, 40% of Consumers Say Make It Easy
When It Comes to Proving Their Identity, 40% of Consumers Say Make It Easy
July 19, 2023  |  Digital Identity

As fraudsters grow more sophisticated, so too must the fraud defenses of eCommerce sites and other operators who sail the shark-infested waters of digital commerce....

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