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As cyberthreats scale in both volume and sophistication, enterprises are being forced to reevaluate the assumptions of digital security.
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In the midst of this reformation, protecting one of the most overlooked but vulnerable parts of the enterprise, disconnected applications, is becoming crucial. For financial institutions, where trust is paramount and the attack surface...
New analysis challenges conventional assumptions about consumer credit reliance, revealing that financial stability — not merely income — is the primary determinant of how consumers use credit, from lifeline necessities to strategic rewards.
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The PYMNTS Intelligence report “Financial Lifestyles Shape Credit Reliance” highlighted a more complex relationship between...
For years, B2B payments innovation has focused on driving forward the shift from paper checks to digital platforms.
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But this transition has been both a long time coming and surprisingly resistant to full adoption. Despite widespread awareness of the benefits of digital payment systems, particularly virtual cards, many companies remain stuck in legacy processes.
The...
Credit unions (CUs) face a critical juncture that threatens their long-term viability.
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Baby boomers dominate CU membership, making up 39% compared to 31% for millennials and Generation Z combined, and the average CU member age stands at 53 — older than the U.S. average of 38.5. This puts CUs at risk of losing ground to other financial institutions.
To gain younger...
Manual accounts payable (AP) processes are emerging as a significant pain point for the hospitality sector. In an industry known for its high transaction volumes, ranging from housekeeping supplies to food services, finance teams are inundated by a relentless stream of invoices and payment reconciliations each month. In such a setting, a reliance on manual processes introduces significant risk....
In the fiercely competitive world of consumer credit, securing a “top-of-wallet” position is not merely a preference but a determinant of an issuer’s financial health and profitability.
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PYMNTS Intelligence’s May 2025 report, “The Credit Economy: Top-of-Wallet Credit Cards,” produced in collaboration with i2c, details consumer preferences and behaviors influencing...
JPMorgan Chase plans to launch a product called a “deposit token” that will serve as a digital representation of commercial bank money and will be available only to the bank’s institutional clients.
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The deposit token, dubbed “JPMD,” will provide an alternative to stablecoins and will be closely connected to traditional banking systems, CNBC reported Tuesday (June 17),...
U.S. President Donald Trump, who has referred to himself as America’s first “crypto president,” wanted stablecoin legislation to reach his desk prior to the Congressional recess in August.
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On Tuesday (June 17), that wish got one step closer to reality with the Senate passing the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins...
Elon Musk’s artificial intelligence (AI) startup, xAI, reportedly expects to spend $13 billion this year while bringing in revenues of $500 million.
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The company shared this data with investors while working to raise $9.3 billion in debt and equity, Bloomberg reported Tuesday (June 17), citing unnamed sources.
XAI did not immediately reply to PYMNTS’ request for comment...
Robinhood said Tuesday (June 17) that it has begun rolling out two tools as part of its effort to become the top destination for active traders.
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The new tools include charting capabilities on mobile and options simulated returns pre-trade, the trading platform said in a Tuesday press release.
“Active traders want fast, intuitive tools that keep them at the cutting edge...