October, 2024

October, 2024

Mastercard Debuts Open Banking ‘Command Center’ Connect Plus
Mastercard introduced a tool that lets consumers control the sharing of their financial data. Connect Plus is a “data command center” that lets consumers determine how, where and with whom their d...

SandboxAQ Reportedly Seeks $5 Billion Valuation for AI Startup
Artificial intelligence startup SandboxAQ is reportedly plotting a fundraise that would value the company at $5 billion. The company, which spun off from Google parent company Alphabet, is in talks wi...

Buybuy Baby Shutters Stores to Go Digital-Only
Buybuy Baby’s brick-and-mortar comeback seems to be short-lived. The baby retailer — which had been part of Bed Bath and Beyond — closed and liquidated 115 locations last year as its parent went...

Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and Big Tech. And while the goal may ...

Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week of the Outlo...

Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips
Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan demand fell. The regional lender released quarterly earnings Friday (Oct. 18) showing a 5.7% decline in net inter...

Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business...

Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stric...

Apple Says AI’s Math Skills Fall Short
Recent findings from Apple researchers have cast doubt on the mathematical prowess of large language models (LLMs), challenging the notion that artificial intelligence (AI) is on the brink of human-l...

Top 3 Artificial Intelligence (AI) Coins of the Third Week of October 2024
Artificial intelligence (AI) tokens are making waves, with Humans.ai (HEART), VIRTUAL Protocol, and DIA emerging as the top gainers among AI coins in the third week of October. HEART has surged 88%, w...

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October