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Coinbase reportedly knew in January about a data breach at an outsourcing company that it publicly disclosed May 14 in a filing with the Securities and Exchange Commission (SEC).
The cryptocurrency exchange was notified immediately when an India-based employee of the outsourcing company was caught taking photos of data on her work computer, Reuters reported Monday (June 2), citing unnamed sources...
Temu reportedly lost 58% of its eCommerce platform’s daily U.S. users in May after the U.S. ended the de minimis exemption on imported goods from China on May 2.
Reuters reported the drop Monday (June 2), citing data from market intelligence firm Sensor Tower.
Bain...
As consumers increasingly shop for goods using artificial intelligence (AI) chatbots — and as AI agents are being developed to autonomously pay at checkout — traditional brand websites must adapt or risk being invisible in this new internet.
New Generation, or simply New Gen, is a San Francisco-based startup that aims to solve a core part of that problem.
Founded a year ago by Harvard Business...
The Illinois state legislature voted Sunday (June 1) to delay the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions of credit and debit card transactions.
The law, the Interchange Fee Prohibition Act (IFPA), was set to go into effect on July 1, but the vote delayed it for a year, until July 1, 2026, according to the Illinois General...
Thomson Reuters has launched an artificial intelligence (AI) platform designed to help professionals automate complex workflows.
The platform — Agentic Intelligence — integrates with professional applications to plan, reason and act across tasks while maintaining audit trails and data controls. The launch also includes a new tool, CoCounsel for Tax, developed for tax, audit and accounting...
The only thing more complicated than paying with cryptocurrency appears to be regulating it.
Despite Washington inching closer to policy clarity for digital assets since President Donald Trump’s reelection, crypto rulemaking in the United States remains as fluid and uncertain as ever.
The industry’s hopes lie in two legislative packages, the GENIUS Act and the Digital Asset Market Clarity (...
London-based Zilch, an ad-enabled payments technology company that provides virtual payment cards to one in seven U.K. working adults, is set to launch its first physical payments card in September.
The launch of the physical card is enabled by Zilch’s new strategic multi-year partnership with Visa, which the companies announced in a Monday (June 2) press release emailed to PYMNTS.
The...
Meta Platforms plans to create and target advertisements using artificial intelligence by the end of 2026.
The move is a key element of CEO Mark Zuckerberg’s vision for the future evolution of Meta, where advertising remains the core revenue driver, The Wall Street Journal reported Monday (June 2).
The development could potentially benefit small- to medium-sized businesses (SMBs), which represent...
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms.
But the recent spate of news tied to enforcement actions and settlements over data breaches gives the nod to a few takeaways of what not to do against a backdrop of shifting regulations at...
Elon Musk’s artificial intelligence company, xAI, reportedly launched a $5 billion debt sale and a $300 million share sale.
The $5 billion debt sale was launched Monday (June 2) through Morgan Stanley, with commitments due June 17, and its proceeds will be used for general corporate purposes, Bloomberg reported Monday, citing an unnamed source.
The $300 million share sale will allow staffers to...