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Consumers are becoming far more deliberate about how they use Pay Later tools, assigning each payment option a specific role in managing their finances. The emerging pattern suggests that speed, credit strategy and liquidity are no longer competing ideas in the Pay Later market. They are becoming separate use cases.
That shift appears in “Speed vs. Strategy: How Consumers Choose...
Watch more: Need to Know With Mastercard’s Mark Barnett
The most digital generation in history is running a surprising share of its businesses the old-fashioned way: with cash in hand.
“The fact that 52% of the payments that Gen Z SMBs make are in cash … it’s staggering,” Mark Barnett, global head of small and medium enterprises at Mastercard, told PYMNTS.
The mythology around...
OneMain Financial said Monday (March 16) that it will vigorously litigate a lawsuit brought against it by a group of states.
Thirteen state attorneys general sued OneMain Financial on Monday, alleging that the nonbank installment lender tricks borrowers into adding “expensive and often useless” products such as insurance to their loans.
In their complaint, the plaintiffs allege that...
When Conan O’Brien took the stage at the 98th Academy Awards on Sunday night, his opening line landed as both a joke and a warning. “I am honored to be the last human host of the Academy Awards,” he said, adding that next year’s host would be “a Waymo in a tux.”
Less than 24 hours later, a moment at Nvidia’s annual GTC conference made that joke feel a little less far-fetched.
At the...
Encyclopedia Britannica and its subsidiary Merriam-Webster have sued OpenAI, alleging the artificial intelligence company committed copyright infringement by scraping their articles to train its AI, TechCrunch reported Monday (March 16).
Britannica also alleges that OpenAI violated trademark law by making up information and falsely attributing it to the publisher, according to the...
A Utah bill that was passed by the state Legislature and now awaits the governor’s signature would create a voluntary digital identity program.
This program would enable the state’s adult residents who opt in to store a digital credential on their mobile device, present it to businesses instead of a physical ID, and share only the information required by the transaction, according to a...
The Securities and Exchange Commission (SEC) is preparing to propose that it eliminate the quarterly reporting requirement and allow public companies to report earnings only twice a year, The Wall Street Journal (WSJ) said Monday (March 16).
The regulator has been talking with officials at major exchanges about the potential change and could publish a proposal for public comment as...
When Conan O’Brien took the stage at the 98th Academy Awards on Sunday (March 15), his opening line landed as both a joke and a warning.
“I am honored to be the last human host of the Academy Awards,” he said, adding that next year’s host would be “a Waymo in a tux.”
The quip drew laughs from those at the Dolby Theatre, but also reflected reality. Artificial intelligence is now being...
Three Bank for International Settlements (BIS) economists said Monday (March 16) that banks could be impacted by a trend in which artificial intelligence hyperscalers are tapping private credit firms to help build AI infrastructure.
Amid the rapid increase in investment in AI infrastructure, hyperscalers have turned to both corporate bond markets and off-balance sheet arrangements,...
Blockchains don’t take bank holidays. It is a core promise of blockchain finance that has persisted for years despite 24/7 crypto trading not finding much traction compared to traditional financial venues and platforms.
But as oil futures began moving rapidly this weekend due to the conflict involving Iran in the Middle East, a curious thing happened: Trading activity didn’t wait for...