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When companies talk about adopting artificial intelligence (AI), most of the attention goes to the large language model such as OpenAI’s GPT-5 or Google’s Gemini 2.5.
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But for enterprises, what really matters on a day-to-day basis isn’t just the model itself; it’s inference. That’s the stage where the model is actually used to generate predictions, responses or insights...
The Clearing House reportedly saw volume increases in real-time payments on its RTP® Network on the Memorial Day and July 4 weekends.
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The network handled 860,268 transactions valued at $2.6 billion on Memorial Day, up from 667,061 transactions at $307.9 million during the holiday in 2024, and more than 1 million transactions valued at $4.9 billion on July 4, up from 773...
Talk of innovation in healthcare often centers on new diagnostic tools, surgical robotics or artificial intelligence (AI)-enabled patient monitoring.
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But across major health systems and independent providers alike, it’s the financial back office and billing departments where one of the industry’s most transformative shifts is underway.
The reason? Advances in robotic...
Mastercard has launched a money movement partnership with Worldpay in the United Arab Emirates (UAE).
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The collaboration, announced Monday (Aug. 18), is designed to streamline money movement for consumers and businesses in the UAE through Mastercard Move.
“Through this collaboration, Worldpay Push-to-Card solution will enable a wide range of fast, seamless domestic and...
Human resources and finance platform Workday suffered a data breach in which fraudsters accessed some information from its third-party customer relationship management (CRM) platform.
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The company was targeted by fraudsters in a social engineering campaign in which they contacted employees by text or phone, pretended to be from human resources or IT, and tricked...
Flexible payments firm/digital bank Klarna says it has landed $26 billion in new funding.
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That’s the result of a multi-year agreement with financial services and investment firm Nelnet, the company announced Friday (Aug. 15). Under this arrangement, Klarna will sell up to $26 billion in receivables from its “Pay in 4” installment program to Nelnet.
“This is a landmark...
The expansion of banking ecosystems has long been in place as financial institutions (FIs) link with providers to fine-tune and modernize operations.
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PYMNTS Intelligence has found that a majority of traditional financial services firms have inked pacts with third-party providers, including FinTechs. Past surveys indicate that 65% of banks and credit unions have entered ...
Add Monzo to the growing list of digital banks exploring the mobile phone market.
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The U.K. FinTech is weighing the launch of its own digital SIM and monthly contracts, the Financial Times (FT) reported Monday (Aug. 18), citing sources familiar with the matter. The report added that Monzo confirmed it had entered the “early stages” of its plan.
“When we heard from our...
OpenAI’s chief executive said the artificial intelligence (AI) market is in a bubble.
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“When bubbles happen, smart people get overexcited about a kernel of truth,” Sam Altman said in a Friday (Aug. 15) interview with The Verge.
“If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a...
It’s rare to witness a classic payment instrument not just endure but thrive by reinventing itself. Such is the case with gift cards.
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Mary Bailey, senior product manager for Bank of America’s gift card program, has witnessed this evolution firsthand over nearly two decades. Bailey recounted that when she first began working with gift card programs, issuers were limited...