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A German financial watchdog has reportedly recorded a record number of crypto-related suspicious activity reports.
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Notifications from banks and financial services companies related to cryptocurrency rose 8.2% to 8,711, Bloomberg News reported Tuesday (June 10), citing information from Germany’s Financial Intelligence Unit (FIU).
The increase came even as the overall...
Six weeks after The Clearing House raised the transaction limit on real-time payments from $1 million to $10 million Feb. 9, transactions over $1 million accounted for 52% of the value of all U.S. real-time payments processed on the RTP® network by Bank of America.
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The bank’s clients have embraced the new, higher limit to enable new use cases in B2B payments, Bank of...
Pay-later platform Sezzle has filed an antitrust lawsuit against eCommerce platform Shopify.
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The lawsuit, filed Monday (June 9) in the U.S. District Court for the District of Minnesota, accuses Shopify of engaging in monopolistic and anticompetitive practices to limit competition for buy now, pay later (BNPL) options on its platform.
Sezzle said in a news release that...
Meta’s Mark Zuckerberg is reportedly taking a hands-on approach to expanding the company’s AGI team.
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This effort is born out of Zuckerberg’s frustration with the tech giant’s limitations in artificial intelligence (AI), Bloomberg News reported Tuesday (June 10), citing sources familiar with the matter.
According to the report, the CEO is recruiting from a pool of AI...
In an age dominated by automation and algorithms, it’s easy to assume that the rise of artificial intelligence (AI) will inevitably diminish the importance of human expertise.
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But for leaders in complex, high-stakes industries like payments, the reality is more nuanced and more collaborative. The traits that make a person a person, and an expert an expert, can’t be...
Many innovations have a crucial graduation date: when they move from speculative R...
An optimal payment experience, which is frictionless in nature, involves collaboration.
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Issuers and merchants must work together to ensure that the merchant makes the sale, and the issuers want their cards to be top of wallet.
Amy Pierce, managing director of merchant engagement at Bank of America, told PYMNTS that to get to that optimal state, data sharing must take...
Latin America continues its financial transformation as digital payments surge, pushing traditional cash toward the periphery of commerce and financial access.
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The region is becoming a nexus for innovation, driven by a combination of burgeoning FinTech companies and government-backed initiatives. According to the PYMNTS Intelligence report “Digital Developments:...
Innovation has emerged as a key factor in determining whether credit unions can thrive in a competitive, rapidly evolving financial ecosystem. As expectations from consumers and small to medium-sized businesses (SMBs) shift toward digital convenience and tailored experiences, not-for-profit financial institutions face growing pressure to modernize, not just to compete with traditional banks, but...
Everyone seems to have an opinion on trade policies and tariff rates these days. But the ones that matter are from the companies that need to plan in accordance with their fluctuations.
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Increasingly, U.S. companies appear to be placing their bets that the White House’s plan to bring overseas manufacturing back to America won’t turn out to be so harsh in the long run....