PYMNTS News

Germany’s Robin Capital Raises $13.6 Million for B2B SaaS Investments
Germany’s Robin Capital Raises $13.6 Million for B2B SaaS Investments
December 20, 2024  |  Investments

Germany-based venture capital fund Robin Capital closed its Robin Fund One at 13 million euros (about $13.6 million). “Robin Fund One is closed,” Robin Haak,...

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British Retail Sales Dampened by Consumers Waiting for Bargains
British Retail Sales Dampened by Consumers Waiting for Bargains
December 20, 2024  |  Retail

While retail sales in Great Britain rose in November, analysts said the results were dampened by consumers waiting for bargains. Retail sales rose by 0.2%...

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This Week in AI: Security Flaw Exposes AI Giants While Robot Workers Get Upgrade
This Week in AI: Security Flaw Exposes AI Giants While Robot Workers Get Upgrade
December 20, 2024  |  Artificial Intelligence

This week in AI, security researchers stole artificial intelligence models with near-perfect accuracy by capturing electromagnetic signals, as MIT unveiled a robot system that can...

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How ISO Standards Could Reshape Cross-Border Payments
How ISO Standards Could Reshape Cross-Border Payments
December 20, 2024  |  Cross-border Payments

Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication...

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Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
December 20, 2024  |  Legal

OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s...

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FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program
FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program
December 20, 2024  |  Earnings

FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company. These decisions...

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CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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European Commission Approves Nvidia’s Proposed Acquisition of Run:ai
European Commission Approves Nvidia’s Proposed Acquisition of Run:ai
December 20, 2024  |  Acquisitions

The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no...

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Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships
Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships
December 20, 2024  |  Partnerships

As the banking and payments sector stands on the cusp of 2025 on a new regulation-averse government worldview, one of the issues that bears watching...

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