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Two reports released Friday (Dec. 5) showed a consumer economy that remains active and alert but increasingly pressured.
Data from the Bureau of Economic Analysis and the University of Michigan revealed that income gains are slowing, spending growth is cooling off, and sentiment is stuck at unusually low levels for this time of year.
PCE Data Signals Slowdown in Income and Consumption...
The New York Times sued Perplexity Friday (Dec. 5), alleging that the artificial intelligence (AI) startup repeatedly violated its copyrights.
The New York Times reported Friday (Dec. 5) that the suit accuses Perplexity of violating its copyrights by retrieving The Times’ content with its AI-powered search engine and displaying large parts of that content in a way that competes with...
Cloudflare said Friday (Dec. 5) that it resolved an incident in which its network became unavailable for several minutes earlier in the day.
The company first announced what it called “Cloudflare service issues” in an 08:56 UTC Friday update on its status page, saying that it was investigating issues with the Cloudflare Dashboard and related APIs and that customers using the Dashboard/...
The promise of artificial intelligence (AI) in healthcare has long centered on the vision of an autonomous diagnostic engine, a machine that sees disease where human eyes fail. Yet, the current reality in the banking, payments, and digital health ecosystem is far more strategic and immediate: AI is stepping in not to replace the doctor, but to save their time.
This shift is the...
Launching a payment card program has never been more complex—or more consequential. Between compliance, partner coordination and customer-experience expectations, effective program management is now the linchpin of every successful financial product. As innovation accelerates and regulations evolve, companies face a pivotal decision: whether to run their programs in-house or rely on an...
Account analysis, a procedural chore tucked deep inside treasury operations, has traditionally been known mostly for producing dense monthly statements that few clients read and even fewer bankers enjoy explaining.
Safe to say it is one of the most overlooked functions in commercial banking.
But findings from the September 2025 Digital Financial Services Tracker® Series, a PYMNTS...
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Verification systems built for yesterday’s fraud no longer work in today’s threat landscape. While firms could once assume that criminals needed skill, capital and patience to mount sophisticated attacks on onboarding or identity systems, that old playbook has fallen out of sync with a world defined by generative imagery, deepfakes and hyper-scalable fraud...
Companies may be chasing automation, but late payments and cash flow strain are pushing a deeper shift in how finance teams think about modern payables.
The persistent drag of manual processing is creating unexpected momentum for virtual cards, which could reshape B2B payments.
The PYMNTS Intelligence report “Why 2025 Could Be the Year of the Virtual Card” found that businesses...
Reported ransomware incidents and payments dropped in 2024 after law enforcement’s disruption of two high-profile ransomware groups, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said Thursday (Dec. 4).
FinCEN announced this trend in a press release highlighting findings from its “Financial Trend Analysis: Ransomware Trends in Bank Secrecy Act Data...
SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock.
The digital financial services company also plans to grant the underwriter a 30-day option to purchase as much as an additional 15% of the shares of common stock offered in the offering, it said in a Thursday (Dec. 4) press release...