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Watch more: Digital Shift: Block’s Brian Boates
Across the double-edged sword of technology, it’s fraud that can cut businesses the sharpest.
The digital payments revolution has delivered speed, convenience and new pathways for financial empowerment. But it has also accelerated the pace and sophistication of criminal opportunity.
“Scammers have evolved and they take new shapes and...
Shoppers are using mobile wallets more often, but the new data suggests that this shift is doing less to consolidate Apple Pay’s dominance than to widen the field for its rivals. That is the tension running through “Apple Pay @11: Usage Is Up, but Competitors Are Gaining Ground,” a new PYMNTS Intelligence report that shows strong growth in mobile wallet activity, yet only modest movement in Apple...
What separates top card issuers from everyone else often comes down to one capability: the ability to use analytics to see the full value of a customer relationship.
Research from PYMNTS Intelligence and Visa DPS shows that the issuers with the highest customer lifetime values are the ones whose issuing platforms can turn raw transaction data into clear, actionable insight about...
The latest earnings from Kohl’s, Burlington Stores and Dick’s Sporting Goods, all released Tuesday (Nov. 25), show a consumer who is still spending but doing so in tighter, more income-constrained ways. Management across all three retailers described households stretching paychecks, delaying seasonal purchases and focusing on value, timing and convenience. Tariffs are also playing a role...
Visa has partnered with Aquanow to provide stablecoin settlement capabilities across the Central and Eastern Europe, the Middle East and Africa (CEMEA) region.
The integration of Visa’s technology stack and Aquanow’s global digital asset infrastructure will allow Visa’s network of issuers and acquirers to settle transactions using approved stablecoins, the companies said in a press...
Bank of America Strategists Say Prediction Markets and Sports Gambling Could Pressure Credit Quality
Bank of America strategists reportedly expect consumers’ growing use of prediction markets and sports gambling sites to create new credit risk for lenders.
Users’ losses on these platforms could create financial stress, with consumers taking on too much debt and defaulting on loans, the bank’s strategists said, according to a Tuesday (Nov. 25) report by Bloomberg.
“Easy access and...
Walmart is reportedly considering placing ads in its artificial intelligence (AI) shopping assistant, Sparky.
The retailer tested a potential ad format from September to early November and is now considering how to proceed, the Wall Street Journal reported Tuesday (Nov. 25), citing a Walmart sales presentation.
One possible format is a “sponsored prompt” that when clicked by the user,...
Two major artificial intelligence (AI) releases landed less than a week apart. Google introduced Gemini 3 on Nov. 18, presenting the model as a major step forward in multimodal reasoning and visual understanding. PYMNTS reported that the launch marked a deeper shift in Google’s approach to AI and reflected its push to regain leadership in the sector.
Anthropic followed six days later...
Prediction market Polymarket said Tuesday (Nov. 25) that it received an approval from the Commodity Futures Trading Commission (CFTC) that positions the company to return to the United States under a fully regulated exchange structure.
The CFTC issued an Amended Order of Designation that permits Polymarket to operate an intermediated trading platform subject to the requirements...
The federal bank regulatory agencies have modified certain regulatory capital standards, saying they aim to reduce disincentives that may have kept banks from intermediating U.S. Treasury markets and engaging in other lower-risk activities.
They did so in a final rule released Tuesday (Nov. 25) by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB) and Office...