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Watch more: The Digital Shift With Paysafe’s Bruce Lowthers
Somewhere between the first ticket purchase and the final prop bet, $20.2 billion changed hands.
That was the projected spending around this year’s Super Bowl on food, drinks, apparel, tickets, streaming and festivities, with nearly $2 billion more in legal wagers in the United States on everything from the final score to...
This time each year, millions of consumers in the United States tell themselves comforting but misleading stories about their tax refunds.
One story is that the check from the U.S. Treasury is “found money” or a “windfall.”
What it actually signals is that you withheld too much from your paycheck. That means you effectively gave the U.S. government an interest-free loan of your hard-...
Pay by bank is starting to look less like a niche payment option and more like a switch consumers will make when merchants pair it with real value and clear protections.
The PYMNTS Intelligence report “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch” examined how willing consumers in the United States are to move everyday spending to direct-from-bank payments and what it...
Republican lawmakers vowed Tuesday (Feb. 17) to reform the Consumer Financial Protection Bureau (CFPB) after a White House report detailed what it said are the costs of the agency and its regulations.
The White House said Tuesday that the CFPB has cost consumers at least $237 billion since the agency was launched 2011.
Much of that cost is due to the regulatory burden imposed by the...
Stripe-owned Bridge announced Tuesday (Feb. 17) that it received conditional approval from the Office of the Comptroller of the Currency (OCC) to organize a federally chartered national trust bank.
When the charter is fully approved, Bridge will be able to operate stablecoin products and services under direct federal oversight, the company said in a Tuesday press release.
Subject to...
Every financial crisis has a villain that nobody saw coming. In 2008, it was mortgage-backed securities. In March 2020, it was prime money market funds, which saw investors pull billions in days as panic spread through the system. Now, researchers at the Federal Reserve Bank of Boston are asking a pointed question: could the next wave of digital financial products trigger a similar stampede...
Privately held software firms McAfee, Rocket Software, Perforce Software and Cloudera released their earnings to lenders ahead of schedule to reassure those lenders at a time when some are concerned that the rise of artificial intelligence could disrupt the industry, Bloomberg reported Tuesday (Feb. 17).
McAfee told debt investors that its fourth-quarter revenue was little changed year...
Earnings season rarely yields a single organizing narrative, yet the most recent cycle has revealed a narrative tied to cards: Issuance is increasingly positioned as embedded infrastructure.
Across investor materials and management commentary, companies and highlighted spend intensity and workflow integration, as issuance has become a connective layer linking payments, liquidity and,...
Apple is accelerating its development of three artificial intelligence (AI)-powered wearable devices: smart glasses, a pendant and AirPods, Bloomberg reported Tuesday (Feb. 17), citing unnamed sources.
The three devices will be built around the company’s Siri digital assistant and will be linked to the iPhone, according to the report.
The pendant and the AirPods with expanded AI...
Amazon has proposed a second big-box store in the Chicago area, Mass Market Retailers (MMR) reported Tuesday (Feb. 17), citing a paywalled article in the Chicago Tribune.
The company submitted to local officials a proposal for a store in the Chicago suburb of Oak Brook, after doing the same earlier in nearby suburb Orland Park, according to the MMR report.
The proposed facility in Oak...