Today on PYMNTS

Retail
Sorry, Mom: Mother’s Day Shoppers Are Waiting to the Last...

Many shoppers are no longer planning out their Mother’s Day gifts weeks in advance...

Credit Cards
Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees

The government’s new rule that would limit credit card late fees has been blocked...

Bank Regulation
Banks Urge Fed to Withdraw Rule Lowering Cap on Debit...

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card...

Real Estate
FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies

The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do...

B2B Payments
Instant B2B Payments Unlock Certainty While Reshaping Buyer-Supplier Dynamics

The B2B payments landscape is uniquely large, and largely unique. Responsible for around $125...

Cryptocurrency
US House to Vote on Crypto Bill

A bill that promises regulatory clarity for digital assets has moved a step closer...

Artificial Intelligence
The City That Never Sleeps Dreams of Being Silicon Valley

New York City, the concrete jungle where dreams are made, is now dreaming of a...

artificial intelligence
IBM Launches Service to Help Enterprises Add GenAI Copilots

IBM has introduced a new service that will help enterprises integrate generative artificial intelligence (AI) copilots into...

Credit Cards
Co-Branded Credit Card Holders Seek Perks From Retailers

Among consumers turning to co-branded credit cards to maximize their rewards, the lion’s share...

Economy
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back...

Cryptocurrency
Making Sense of the State of Crypto in 2024

There might be as many opinions about crypto as there are cryptocurrency tokens. And...

Digital Payments
47% of FinTechs Enable Sending P2P Payments

FinTechs must make money mobility a top priority if they want to woo consumers...

Subscription Commerce
Duolingo Credits GenAI for 54% Leap in Paid Subscribers

Duolingo reportedly credits generative artificial intelligence (AI)-powered features for the 54% leap in paid subscribers it...

artificial intelligence
This Week in AI: Digital Agents, Quantum AI, Automated Pharmacies...

This week in artificial intelligence (AI) news, a company is developing AI agents that...

B2B Payments
Wells Fargo Launches Business Credit Card With Cash Rewards

Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The...

Earnings
Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious

As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new...

B2B Payments
PhotonPay and Discover Partner on Commercial Card for Cross-Border Businesses

Hong Kong-based global payment platform PhotonPay and Discover Global Network have partnered to launch...

Travel Payments
New Q1 Data Shows Older Demographics Driving Surge in Travel...

They’re probably not going to Paris to see Taylor Swift. But spending among older, high-income...

B2B Payments
Transforming Back-Office Functions Lets Firms Move Forward With Certainty

Innovation across the payments sector has taken off over the last decade. Driven by...

Investments
Sift Healthcare Raises $20 Million to Grow Payments Intelligence Platform

Sift Healthcare has raised $20 million in a Series B funding round to grow its...

Consumer Insights
Consumer Sentiment Weakens Due to Inflation and Job Worries

Consumers are souring about the near-term outlook — on inflation, job prospects and interest...

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