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With its previous CEO headed to Washington, Fiserv has picked a new chief executive.
Michael Lyons, a longtime banking executive, has been chosen to lead the payments FinTech, Fiserv announced Tuesday (May 6), the same day outgoing CEO Frank Bisignano’s nomination to lead the Social Security Administration was approved by the U.S. Senate.
“For more than 40 years, Fiserv has been a transformative...
President Donald Trump’s election last year was good news for the cryptocurrency industry.
Smaller investors in the Trump-branded $TRUMP meme coin introduced earlier this year apparently haven’t been as fortunate.
Roughly 764,000 wallets that purchased the token have lost money on their investment, CNBC reported Tuesday (May 6), citing Chainalysis data.
Most of these wallets — accounts that store...
Latin America is undergoing a dramatic shift in how money moves. But it isn’t traditional financial institutions that are leading the charge. Instead, mobile wallets and real-time payment systems are rapidly gaining ground across the region, and these 21st century solutions to the age-old problem of money movement are even overtaking banks in the race to digitize transactions.
Data from the...
Inflation is changing the ways in which we eat, whether buying food at the grocery store or dining out.
The PYMNTS Intelligence Paycheck-to-Paycheck report titled “Navigating the Shifting Sands of Consumer Spending Amid Rising Prices and New Tariffs” found that, with the responses of 2,280 U.S. consumers in hand, and extrapolating the data to the larger population, more than 50 million...
Cybersecurity risks are not merely a cost center for middle-market firms but represent a significant impediment to technological innovation, a challenge amplified dramatically for those operating in environments of high uncertainty, according to a recent report by PYMNTS.
The analysis, part of the 2025 Certainty Project, surveyed 60 chief financial officers (CFOs) from middle-market firms with...
Once considered a nice-to-have, instant payments are fast becoming a must-have in the disbursement economy.
According to new PYMNTS Intelligence research, nearly 38% of consumers now receive their nongovernment disbursements via instant payment. This share is up from 4.1% in 2017. The shift isn’t simply about access to faster payments. It also reflects deeper demand for financial control, peace...
A personal touch pays dividends in customer loyalty, Maverick Payments VP, Client Services Maria Mejia writes in a new PYMNTS eBook, “The Listening Economy: How Customer Conversations Are Transforming Financial Services.”
Throughout my nearly decade-long career with Maverick Payments, I have found that a personal touch goes a long way. No matter the customer’s size, they will always remember...
A hacking group known as Scattered Spider, which previously caused significant disruption on the Las Vegas Strip, is suspected of being behind recent cyber intrusions targeting U.K. retailers, according to reporting by The Wall Street Journal (WSJ).
London department store Harrods, along with retailers Marks...
Dick’s Sporting Goods announced Tuesday (May 6) that it led a $120 million strategic investment in Unrivaled Sports through its corporate venture arm, DSG Ventures.
The funding round also included Dynasty Equity, LionTree, Miller Sports...
Lending platform Upstart Holdings’ first quarter results saw loan originations nearly double from a year ago, driven in part by automated processes, while management pointed to strong credit metrics among the lending platform’s borrowers.
Platform originations were up 89%, the company said, to $2.1 billion. Within that activity, personal loans of $2 billion were up 83% during the first quarter,...