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In a digitized financial landscape, traditional banks are facing an imperative to transform their payment infrastructures, driven by customer expectations and competition from digital-first challengers.
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The PYMNTS Intelligence report “Payment Hubs Fuel Digital Modernization for Banks,” a collaboration with FIS, revealed that for today’s consumers and businesses, fast,...
Apple reportedly aims to bring an artificial intelligence (AI)-powered upgrade of its Siri voice assistant to market in spring 2026, after facing delays and failing to meet its original goal of fall 2024.
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The new Siri features could be previewed in the fall before being released in the spring, Bloomberg reported Thursday (June 12), citing unnamed sources.
When asked by...
Shopify has begun rolling out a feature that enables merchants to accept USDC stablecoins within their existing payment and order fulfillment flows.
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This new capability will make it easier for merchants to tap into global markets, as they will be able to “sell to a customer on the other side of the world as easily as their next-door neighbor,” the company said in a...
Coinbase said Thursday (June 12) that it will launch a credit card for members of its Coinbase One subscription program in the U.S. this fall.
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The Coinbase One Card will be powered by the American Express Network and will allow members to earn between 2% and 4% bitcoin back on every purchase, depending on the amount of assets they hold on the Coinbase platform, Coinbase...
Chime’s debut on the Nasdaq stock exchange Thursday was resoundingly positive, as the shares closed more than 37% higher.
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The shares went public at $27, and opened at more than $43 at the start of trading before closing at $37.11. The intraday high was nearly $45.
Chime, for its part, raised about $864 million, as we reported Wednesday night. And by the time the stock...
Coinbase said Thursday (June 12) that it plans to launch a “crypto operating account” for startups and small businesses later this year.
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The Coinbase Business platform will let these users send and receive payments, manage crypto assets and automate financial workflows, the company said in a Thursday blog post.
The company invited businesses to sign up on a waitlist for...
The Federal Reserve’s inspector general is reportedly reviewing the Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau (CFPB).
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The Office of the Inspector General, which is an independent watchdog overseeing the Federal Reserve and the CFPB, is reviewing the administration’s attempts to lay off most of the CFPB’s staff and cancel the...
Peymo, a FinTech based in the United Kingdom, launched an artificial intelligence-powered digital finance platform that integrates fiat banking, cryptocurrency wallets, tokenized assets and embedded finance.
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With this platform, which the company dubbed an “AI-powered multi-hybrid bank,” users can manage British pounds, euros, crypto assets and branded debit cards, the...
DeFi Development Corp. said it gained a $5 billion equity line of credit.
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The company, which was formerly known as Janover and says it is the first U.S. public company with a treasury strategy built to accumulate and compound Solana (SOL) digital assets, entered into a share purchase agreement (ELOC) with RK Capital Management, according to a Thursday (June 12) press...
Nacha’s Payments Innovation Alliance has updated two of the tools it offers to help financial institutions protect older Americans from financial fraud.
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To help financial institutions educate the public about the prevalence of elder financial exploitation, the Alliance’s Consumer Financial Exploitation Project Team has developed an infographic that provides key...