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In the complex world of small and medium-sized businesses (SMBs), financial and operational agility is often the key to survival and success.
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Against this backdrop, credit cards are emerging as both an essential tool and a persistent frustration.
A newly released PYMNTS Intelligence report, “SMB Growth Monitor Report: How Firms Use and Choose Credit Cards,” conducted...
Fitness International, the operator of LA Fitness and other gym chains, said Wednesday (Aug. 20) that it will defend its practices in court after the Federal Trade Commission (FTC) sued the company and alleged that it makes it “exceedingly difficult” to cancel memberships.
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The FTC said in a Wednesday press release that its complaint alleges that Fitness International...
Nubank has appointed FinTech veteran Armando Herrera to lead its Mexican operation, Nu Mexico, as CEO, effective Sept. 2.
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Herrera succeeds Iván Canales, who is on parental leave and will remain a contributor to Nu Mexico, the digital financial services platform said in a Wednesday (Aug. 20) press release.
Herrera is a 15-year veteran of the financial services industry...
Apple is behind Google in the race to add artificial intelligence (AI) features to smartphones, according to Wall Street Journal Personal Tech Columnist Nicole Nguyen.
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An iPhone user, Nguyen wrote Wednesday (Aug. 20) that her experience with Google’s upcoming Pixel 10 showed that Google has “lapped” Apple as both companies work to develop the “killer AI-powered phone.”...
Visa reportedly must continue to face a class action lawsuit filed by merchants alleging that the company has a monopoly in the debit card market.
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A judge rejected Visa’s argument that some of the merchant plaintiffs should be removed from the case because they released their claims in a 2019 settlement, Bloomberg reported Wednesday (Aug. 20).
The judge ruled that the...
Earlier this year, PYMNTS Intelligence detailed that in-store shopping was far from dead. But when it comes to buying online, we found that consumers spent more when getting items through digital channels, and key areas of discretionary spending were gravitating to online merchants.
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The data showed that consumers shopping online were more likely to purchase hobby items...
Several global financial trade associations are calling on the Basel Committee on Banking Supervision (BCBS) to reconsider the Crypto Asset Exposure Standard (SCO60) before its January 2026 effective date.
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The associations said in a Tuesday (Aug. 19) letter to the BCBS that the standard’s capital treatment of crypto assets is excessively conservative and overly punitive...
For much of the past decade, Wall Street watched the cryptocurrency industry warily from the sidelines.
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Regulators were opaque, balance sheet rules were tight and reputational risk loomed large. Trading desks and lending operations may have tempted a few adventurous players, but most kept their distance.
But now, with regulatory clarity slowly emerging and tokenization...
The Google Play store is updating its external offers program in the European Union to allow links to download developers’ own external apps and to let developers select ongoing service tiers.
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These changes will be available in the fall, Google said in a Tuesday (Aug. 19) post on a support page. The external offers program was introduced in March 2024.
“The external...
Identity solutions firm Incode Technologies is acquiring fraud detection provider AuthenticID.
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The deal, according to a Tuesday (Aug. 19) news release, is aimed at tapping into a digital identity market projected to reach $116 billion by 2027.
“In the age of synthetic fraud, AI impersonation, and Agentic AI, verifying human identity has become the foundation of digital...