Новости за 16.12.2024

At a first-principles level, math forms the foundation of the entire payments ecosystem. There are encryption methods that rely on advanced mathematics to secure sensitive payment data; tokenization that replaces sensitive data, like card numbers, with a nonsensitive equivalent called a token; cryptocurrencies like bitcoin built entirely on mathematical principles. Math isn’t just at the […]

A new regulatory report shows a variety of unlawful activity in America’s student loan market. The report, issued by the Consumer Financial Protection Bureau (CFPB) Monday (Dec. 16, covers violations connected to student loan refinancing, private lending and servicing, debt collection and federal loan servicing. “Companies break the law when they mislead student borrowers about their protections or […]

Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. In a previous interview with PYMNTS, Sudip Mazumder, SVP, retail industry lead, North America at digital consultancy Publicis Sapient, said Big Lots relied on a traditional brick-and-mortar […]

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” In a Thursday (Dec. 12) letter addressed to Federal Reserve Board Chair Jerome H. Powell, ABA Senior Vice President and Executive Director of the Card Policy Council Tom […]

Japanese tech investment firm SoftBank will reportedly invest $100 billion in the United States over the next four years. SoftBank CEO Masayoshi Son announced the investment Monday (Dec. 16) at President-elect Donald Trump’s Mar-a-Logo residence in Florida and said the money will be deployed by the end of Trump’s term, CNBC reported Monday. The investment […]

Bitcoin’s price topped $106,000 on Donald Trump’s apparent plans for a bitcoin reserve. The world’s most popular cryptocurrency reached that new record Monday (Dec. 16), the latest in a series of milestones in the wake of the pro-crypto president-elect’s victory last month. In an interview the day before on CNBC, Trump suggested his administration would adopt pro-crypto […]

The United Kingdom’s Financial Conduct Authority is seeking public comment on its plans to improve the transparency of the country’s cryptocurrency markets. The FCA’s request for feedback follows its release of a discussion paper that will inform the development of its rules for crypto-asset admissions and disclosures and crypto-asset market abuse, the regulator said in […]

The United Kingdom’s internet regulator issued final safety guidelines for online service providers. “People in the U.K. will be better protected from illegal harms online, as tech firms are now legally required to start taking action to tackle criminal activity on their platforms and make them safer by design,” Ofcom said in a news release […]

Walmart’s Mexican business unit, Walmart de México y Centroamérica (Walmex), said a decision by Mexico’s antitrust authority will not affect its business. The company also said in a Friday (Dec. 13) press release that it will challenge the Comisíon Federal de Competencia Económica’s (COFECE) Thursday (Dec. 12) decision that Walmex engaged in a monopolistic practice […]

Today’s treasury operations are a far cry from your father’s, as the saying goes. Agility, powered by real-time insights and dynamic decision-making, is increasingly allowing treasury teams to move beyond reactive cash management and take a proactive role in driving value. Key to that proactive role is a growing reliance on real-time data, a reality […]

FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky News reported, citing unnamed sources. An announcement is said to be forthcoming. FIS did not immediately reply to PYMNTS’ request for comment. A spokesperson for Demica said the company does […]

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In an age where relationships with banks are nearly ubiquitous — the Federal Reserve noted last month that just about 96% of households have at least some form of checking or […]

Google unveiled a platform that provides artificial intelligence agents and AI-powered search to enterprises. The new Google Agentspace brings together the company’s Gemini AI model and search capabilities and the enterprise’s data, wherever it’s stored, Google said in a Friday (Dec. 13) press release. “Google Agentspace makes your employees highly productive by helping them accomplish […]

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments.  “We allege HSBC Australia’s failings were widespread and systemic, and […]

The paper check endures, perhaps bafflingly so, in the digital age. There are easier ways to pay, of course, but for commercial transactions, the paper check remains entrenched as a key way to get funds from buyers to suppliers. In fact, as PYMNTS Intelligence has estimated, as many as 75% of firms still send checks […]

Today’s interconnected world is, well, increasingly connected. Fundamentally, that means it relies on trust. In the contemporary era dominated by digital payments and financial innovation, advances and threats alike are not isolated but interdependent. The complex reality of digital payments innovation can in some ways amplify the potential for systemic vulnerabilities that can erode that […]

The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. As just one data point, ThredUp, a quiet powerhouse in the space, has processed over 220 million secondhand clothing items to date. Behind the digital racks of its 4-million-item inventory lies a sophisticated […]

More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable. Those are some key takeaways from the recent PYMNTS Intelligence report “How People Pay: Cash-Short Consumers Drive BNPL […]

What goes up must come down — and after three straight weeks of rallies, the CE 100 wound up snapping a long streak of wins, declining 2.2% in the penultimate “full” week of trading for 2024. All pillars lost ground. MongoDB Slips on 4Q Guidance  Mongo DB shares sank 22.4%, leading the Enablers segment of […]

Companies have a lot to consider — the market, their employees, short-term implications, potential outcomes and more. In the mobility industry, the changing nature of how and why entities move means those decision-making processes involve a lot of volatility. And too often sector treasurers are left on the sideline, even as their choices impact the […]

The year of the cyberattack is apparently not going to end quietly. For example, a report Friday (Dec. 13) by Ars Technica deals with a yearlong attack that has been stealing login credentials from both “malicious and benevolent” security personnel by infecting them with Trojanized versions of open source GitHub and NPM software. According to […]

President-elect Donald Trump is reportedly looking for ways to get tougher on cyberattackers. That’s according to U.S. Rep. Mike Waltz, R-Fla., Trump’s choice to serve as national security adviser. Speaking to CBS’ “Face the Nation” on Sunday (Dec. 15), Waltz said the government needed to stop focusing so much on shoring up its cyberdefense measures. […]

New research from Goldman Sachs shows muted artificial intelligence (AI) use at American companies. Just 6.1% of businesses are using AI to produce their products or services, according to research by the banking giant cited in a Seeking Alpha report Sunday (Dec. 15). That’s up from 5.9% during the third quarter. Finance and insurance companies […]

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers on Sunday (Dec. 15) that efforts by banks to lower administrative costs for customers “were not enough.” Mitsotakis announced a cap of €0.50 ($0.52) on banks’ fees for transfers of […]

After years of smaller updates, Apple is reportedly thinking big by thinking thin. The tech giant plans to debut a new iPhone next year that will be thinner than current models, The Wall Street Journal (WSJ) reported Sunday (Dec. 15), citing sources familiar with the company’s plans. The report said this model is intended to […]