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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...
Beyond the raw numbers of mobile wallet adoption, a recent analysis by PYMNTS Intelligence uncovers the psychological underpinnings of digital payment habits, revealing that it is consumer motivation and behavioral profiles, not just technology, that truly drives the “Pocket Revolution.”
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Our report, titled “How the World Does Digital 2025: Pocket Revolution: How Mobile...
When the payments industry talks about the “future of money,” the conversation often revolves around abstract visions spanning decentralized finance, tokenized assets and frictionless global transfers.
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But for FIS, a $14 billion FinTech giant serving 10,000 customers worldwide, the future isn’t just an idea. It’s a product roadmap. And in late 2024, that roadmap took a...
The CE 100 Index outpaced all benchmarks, with a big boost from the Be Well segment, where a key component got a thumbs up from famed value investor Warren Buffett.
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The overall index gathered 2.2%, as most pillars were higher, with the exception of the Move segment, down 0.2%, and the Shop group, dipping 0.6%.
UnitedHealth Group’s 21.2% surge led the Be Well components...
It’s good to be Instacart these days. That’s the topline of our app provider rankings this week, which focuses on “aggregator” apps, or better known as the platforms that bring together numerous businesses offering similar products or services and make them available to consumers under a unified brand.
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The PYMNTS.com aggregator apps ranking page offers a monthly...