Today on PYMNTS

Payments Innovation
PYMNTS’ Data-Driven Journey Through Payments Innovation

Oct. 20, 2009. The United States was starting to see daylight out of the...

Mastercard
Mastercard Debuts Open Banking ‘Command Center’ Connect Plus

Mastercard introduced a tool that lets consumers control the sharing of their financial data....

Investments
SandboxAQ Reportedly Seeks $5 Billion Valuation for AI Startup

Artificial intelligence startup SandboxAQ is reportedly plotting a fundraise that would value the company...

eCommerce
Buybuy Baby Shutters Stores to Go Digital-Only

Buybuy Baby’s brick-and-mortar comeback seems to be short-lived. The baby retailer — which had...

Regulation
Treasury Calls for Federal Payments Framework, but Key Details Remain...

Through the past several weeks and months, the drumbeat’s grown louder for regulations at...

B2B Payments
Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month

It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030,...

Banking
Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips

Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan...

Earnings
Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business

Fifth Third Bancorp continues to see positive results from its commercial payments operation. The...

Earnings
Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls

Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings...

artificial intelligence
Apple Says AI’s Math Skills Fall Short

Recent findings from Apple researchers have cast doubt on the mathematical prowess of large language...

Digital Payments
Truist Debuts Electronic Bill Pay for Wholesale Payments Clients

Truist debuted a billing payment solution for its wholesale payments clients. The bank’s Electronic...

Retail
Lidl Refreshes Brand to Capture Discount Grocery Buyers

Lidl reportedly relaunched its brand to stand out among other budget grocers. The company...

Bank Regulation
OCC Cites 4 Banks for ‘Unsafe or Unsound’ Practices

The OCC has released enforcement actions against national banks accused of “unsafe or unsound” practices. The...

Earnings
Millennials and Gen Z Consumers Boost Amex Card Spend in...

For American Express, as has been a longstanding trend, it’s the younger consumers, cards...

Subscriptions
Subscription Economy Faces New Consumer Expectations, Regulatory Demands

While Netflix raised membership prices in Japan, Italy, Spain, and parts of Europe, the...

Earnings
Procter & Gamble CFO Sees ‘Right Price Levels’ in US...

Recent challenges in key markets, particularly China and the Middle East, have significantly impacted...

Partnerships
Nium Forms Cross-Border Payments Pact With Indonesia’s BRI

Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150...

Amazon Commerce
Amazon Tests Satellite Grocery Store Next to Whole Foods

Amazon is expanding its grocery reach with a new type of store. The company...

artificial intelligence
This Week in AI: Tech Titans Debut AI for Healthcare,...

This past week, Adobe, Google, Microsoft, OpenAI and Tesla launched artificial intelligence (AI) innovations...

Security & Fraud
Making Sense of Why SOC 2 Compliance Matters for Payments

In the payment innovation space, security, trust and compliance are three non-negotiable pillars. Their...

Personnel
CVS Replaces CEO With Caremark President David Joyner

CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president...

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