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The war in Iran is increasingly giving the freight sector a fright.
As of Monday (March 16), the geopolitical risks of the Middle East engagement have already reshaped global trade patterns around air freight and shipping, directly impacting energy supply chains as well as other critical high-value goods like electronics and pharmaceuticals.
The trade flow shifts resemble earlier...
Chinese eCommerce giant JD.com has launched a shopping platform in Europe.
Joybuy, which debuted Monday (March 16), serves six European countries, including the U.K. and Germany, along with the Netherlands, France, Belgium and Luxembourg.
“The UK and Europe have some of the savviest shoppers in the world, and we’re bringing our decades of retail and logistics experience to the UK and...
Cryptocurrency platform BlockFills says it is seeking bankruptcy protection after suspending client accounts last month.
“After extensive discussions with investors, clients, creditors, and other stakeholders, BlockFills has determined that a voluntary chapter 11 filing is the most responsible path forward in order to preserve the value of the business and maximize recoveries for...
Meta has formed a $27 billion infrastructure agreement with AI cloud company Nebius.
Under the agreement, Nebius will — starting early next year — provide $12 billion of dedicated capacity across multiple locations, the companies announced Monday (March 16).
According to the announcement, the effort will involve “one of the first large-scale deployments of the NVIDIA Vera Rubin...
Indian digital payments provider PhonePe has paused its plans to go public.
The Walmart-backed company cited geopolitical conflicts and market upheaval as reasons for delaying its initial public offering (IPO), according to a statement from the FinTech provided to PYMNTS Monday (March 16).
“We sincerely hope for a swift return to peace in all the affected regions. We remain committed...
Watch more: Monday Conversation With Propel Holdings’ Clive Kinross
Karen Webster didn’t send Clive Kinross the questions ahead of time. So when she asked him, point-blank, whether the FICO score was dying, he hadn’t prepared an answer.
What came out was unscripted. And more revealing for it.
“Our consumers, you can’t score on a FICO basis,” the CEO and co-founder of Propel Holdings...
Watch more: Visa Protect With Visa’s Michele Herron
Check fraud has gained prominence as a measurable source of losses for financial institutions, businesses and consumers. Even as digital payment adoption accelerates, paper continues to circulate through the U.S. banking system at extraordinary scale, preserving structural vulnerabilities that criminals increasingly exploit. According...
Watch more: What’s Next in Payments With Veriff’s Hubert Behaghel
The surge in artificial intelligence-powered fraud has placed identity verification in the spotlight.
Tools capable of generating photorealistic faces, synthetic voices and forged identity documents have lowered the barrier to entry for fraud rings.
As generative AI tools make it easier than ever to fabricate documents,...
Developments in The Prompt Economy over the past few weeks has been moving from retail and infrastructure issues to a focus on financial services. And that focus has resulted in new thinking and use cases for that sector as banks find a place for agentic AI in executing their business models as well as protecting them.
And one of the biggest issues there is in identifying non-human...
A growing share of consumers in the United States are using credit not simply because they have to, but because they see it as a flexible financial tool that can serve different needs at different moments.
That was one of the central findings in the PYMNTS Intelligence report “Credit’s New Reality: Seven Numbers Reshaping the Card Economy,” which explored how consumers approach...