Feed Items
For years, loyalty followed credit, but new data shows that rewards are now chasing spending habits shaped by caution rather than leverage.
That is the central finding of PYMNTS Intelligence’s Embedded Finance Tracker, titled “Rethinking Rewards With a Loyalty Platform for the Debit Generation.”
The report argues that co-branded debit cards are moving from a niche concept to a viable...
The biggest change in payments and commerce over the past five years has been the speed at which technology moves, and the speed at which it’s being adopted.
As artificial intelligence (AI), real-time payments, and global commerce converge, financial functionality will become even more deeply woven into digital experiences. Complexity will increase, not decrease. Expectations will...
The Supreme Court is weighing the legality of the White House’s wide-ranging tariffs.
But if the justices decide against the Trump administration, a ruling requiring repayment of the duties would be a major challenge, the president’s top economic adviser said in an interview Sunday (Dec. 21) with CBS News.
“We really expect the Supreme Court is going to find with us,” Kevin Hassett,...
OpenAI has reportedly seen better margins from its paid offerings this year.
A report Sunday (Dec. 21) from The Information — also cited by Bloomberg News — says the artificial intelligence (AI) startup has improved on its “compute margin,” an in-house metric for the share of revenue after it factors in the cost of running AI models for its paying corporate and consumer users.
As of...
The EU Council has reportedly endorsed a new negotiating position for a digital euro.
The council is now supporting the idea of a version of the central bank digital currency (CBDC) that includes online and offline functionality, Reuters reported Friday (Dec. 19).
As the report noted, this diverges from past proposals by the European Parliament focused solely on offline usage. Under...
Visa and Mastercard will reportedly pay $167.5 million to settle a long-running ATM fee lawsuit.
That’s according to a report Friday (Dec. 19) from Reuters, citing court documents in a case that had accused the payment giants of conspiring to artificially boost ATM access fees.
According to the report, the agreement would potentially pay millions of ATM users who were charged an...
The CFPB has allocated $46 million to victims of Synapse Financial Technology’s collapse.
The Consumer Financial Protection Bureau (CFPB) announced the payment from its Civil Penalty Nov. 28, though it came to light late last week in reports from Bloomberg Law and then FinTech Business Weekly.
As the latter report noted, the $46 million figure — $46,248,291 to be exact — may not be the...
American lawmakers are developing a cryptocurrency tax framework that would cover stablecoin payments.
The draft legislation, released Saturday (Dec. 20) by U.S. Rep. Max Miller, R-Ohio, and U.S. Rep. Steven Horsford, D-Nev., is designed to update the tax code for digital assets.
“America’s tax code has failed to keep pace with modern financial technology,” Miller said in a news...
Cryptocurrency investors began the year in a festive mood, with prices hitting record highs.
Now, those same investors have little to celebrate as 2025 winds down, Bloomberg News reported Saturday (Dec. 20). The price of bitcoin, the most popular form of cryptocurrency, is down 10% since this time last year, with billions erased after around $1 trillion was wiped out from the total...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...