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Personal finance firm SoFi has launched SoFiUSD, a dollar-pegged stablecoin.
The launch makes SoFi the first national bank to issue a stablecoin on a public, permissionless blockchain, the company said in a Thursday (Dec. 18) news release.
SoFi said the coin will allow it to act as a stablecoin infrastructure provider for banks, FinTechs, and enterprise platforms. Because SoFiUSD is on...
Credit union service organization (CUSO) Velera appointed Todd Lane, president and CEO of California Coast Credit Union, as a member of its board of directors.
Lane has served as an associate board member since 2021, Velera said in a Thursday (Dec. 18) press release.
“In his time as an associate director, he has played an integral role in our progress and been a trusted partner in...
UPS-owned reverse logistics company Happy Returns reportedly plans to use artificial intelligence to combat returns fraud.
The company is testing an AI fraud detection tool with some clients during the holidays to combat what it said is a $76.5 billion problem for retailers, Reuters reported Thursday (Dec. 18).
The National Retail Federation found that around $849.9 billion worth of...
Bitso Business’s stablecoin-powered payments platform is on track to process $82 billion in annualized total payment volume (TPV) this year.
The company has also seen growth in local real-time payments in Mexico, with its payout rails enabling transactions that reached $15.6 billion in annualized volume, Bitso Business said in a Thursday (Dec. 18) press release emailed to PYMNTS.
Bitso...
Wall Street began the year hopeful that 2025 would usher in a wave of dealmaking.
Dealmakers got their wish, as this year has seen an almost record-breaking number of mergers and acquisitions (M...
After weeks of a government shutdown, economic data continue to roll in, and the latest inflation figures sketch a picture that is far from definitive.
In a nutshell, and per Bureau of Labor Statistics data from Thursday (Dec. 18), price growth is cooling overall but leaving consumers still contending with higher costs for everyday essentials.
For households, the read-across is nuanced...
The story of enterprise transformation in 2025 wasn’t just about technology but about who was making the decisions.
Not all companies are moving at the same speed or with the same mindset. The data-backed archetypes that PYMNTS Intelligence uncovered throughout 2025 include Adaptive CFOs to Strategic Movers, Stable Operators and more. They offer a preview of how organizational...
Visa is on track to offer artificial intelligence-enabled commerce to consumers within months and expects that millions of consumers will be using AI agents to complete purchases by the end of 2026.
The company said this Thursday (Dec. 18) while announcing that it and several partners have successfully completed hundreds of agent-initiated transactions.
“This holiday season marks the...
OpenAI has reportedly made deep inroads with American colleges.
The artificial intelligence (AI) startup has sold more than 700,000 licenses for its ChatGPT product to around 35 universities for use by faculty and students, Bloomberg News reported Thursday (Dec. 18), citing a review of purchase orders.
The report adds that the true number could be much higher, as private schools’...
Artificial intelligence (AI) is becoming a default tool at work because it is delivering measurable productivity gains. New PYMNTS Intelligence survey data shows most employers now encourage AI use rather than merely allowing it, while only a small minority discourage it. At the same time, companies are racing to put policies in place to govern how AI tools, data and workflows are used as...