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Credit union service organization (CUSO) Velera is getting a new chief executive.
President and CEO Chuck Fagan will step down as the group’s head Sept. 30 of this year, with Chief Administrative Officer Brian Caldarelli taking his place, Velera announced in a news release Wednesday (March 25).
“It has been an honor and a privilege to lead an industry asset like Velera for 11 years,”...
Lyft has announced a 60-day program designed to provide relief to Lyft drivers who are facing rising gas prices.
The program will include an additional 2% cash back for Elite tier drivers and an additional 1% cash back for Gold and Platinum tier drivers who use a Lyft Direct business debit card at eligible U.S. gas stations; an additional 14 cents through Upside; and the ability to...
New capital rules for U.S. banks could reportedly boost the private credit space.
That’s according to a report Wednesday (March 25) from the Wall Street Journal (WSJ), which noted that an “obscure” bank capital regulation has already helped foster the growth of non-bank lenders such as private credit outfits.
Now, U.S. regulators are working on new capital rules designed to promote...
As the April 15 tax filing deadline draws near, a notable behavioral shift is underway. Consumers who once turned to TurboTax or a CPA as their first resource are now opening ChatGPT, Google Gemini or Claude to ask whether they qualify for the home office deduction, how to report freelance income or what their refund might look like this year. Artificial intelligence has not replaced tax software...
Meta is reportedly launching a program to support artificial intelligence (AI) adoption among small businesses.
Meta Small Business is aimed at the more than 250 million small businesses around the world that use the company’s social media programs, Axios reported Wednesday (March 25), citing an internal memo from CEO Mark Zuckerberg.
“In the AI era, it should be easier than ever for...
Neobanks have spent years proving they could attract users. And now, there are indications that scale is translating into durable banking economics.
Revolut’s latest results underscore that transition. As PYMNTS reported recently, the company reported roughly $2.3 billion in profit on $6 billion in revenue, with growth tied to subscriptions and payments activity.
The numbers illuminate...
What’s a crypto market without volatility, anyway?
On Tuesday (March 24), the alleged contents of a new draft of the proposed CLARITY Act sent a tremor through digital asset markets, The Wall Street Journal reported. The legislation, still under debate, aims to prohibit platforms from offering yield on stablecoins, a practice that has become one of the foundational incentives for both...
Adonis, an artificial intelligence (AI) orchestration platform for healthcare revenue cycle management, has raised $40 million.
The Series C round, announced Wednesday (March 25), brings Adonis’ total funding to more than $95 million since it was founded in 2022.
“The announcement comes at an inflection point for the healthcare industry,” the company said in a news release. “Recent...
Meta will lay off several hundred people across Reality Labs, social media, recruiting and sales on Wednesday (March 25), The Information reported Wednesday, citing unnamed sources.
The company employed more than 78,000 people as of the end of 2025, according to the report.
Wednesday’s layoffs will be in addition to the 1,500 job cuts Meta made in its Reality Labs business in January...
Amazon has expanded its free returns program to 10,000-plus U.S. drop-off points.
The eCommerce giant announced Wednesday (March 25) that this expansion means that 80% of its U.S. customers now have a drop-off point within five miles of their home. These include 1,500 FedEx Office locations, part of a new partnership with the shipping company.
“Convenience doesn’t end once you place...