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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...
Apple announced some executive transitions Thursday (Dec. 4), saying two executives are preparing to retire.
Lisa Jackson, vice president for environment, policy and social initiatives, will retire in late January 2026, while Kate Adams, general counsel, will retire in late 2026, Apple said in a press release.
Before her retirement, Adams will begin overseeing the government affairs...
Prediction market Polymarket said Wednesday (Dec. 3) that it has begun rolling out its U.S. app.
The move came nearly four years after the company was shut out of the American market by the Commodity Futures Trading Commission (CFTC) and about three months after a no-action letter from the CFTC gave it a regulatory green light to re-enter the market.
“Against all odds. Polymarket’s U.S...
Target is reportedly testing new ways to provide next-day delivery.
The new models the retailer is testing include shifting fulfillment from busy stores to ones that are less busy, opening a new facility focused on overnight deliveries, and having gig workers handle some deliveries, the Wall Street Journal reported Thursday (Dec. 4).
When Target began having stores that were less busy...
N3XT has launched as a fully blockchain-powered bank designed to enable clients to make instant, programmable B2B payments in U.S. dollars at any hour, on any day.
The bank operates globally under a Wyoming Special Purpose Depository Institution charter, is a full-reserve bank with every dollar of deposits backed one-to-one by cash or short-term U.S. Treasuries, and publishes its...
A trio of labor reports, spanning government, private sector data and PYMNTS Intelligence findings, shows that uncertainty is rising among hourly workers even as their spending continues.
Jobless claims are at a three-year low, but companies are planning more cuts, and wages for the 60 million workers who make up the Labor Economy have slipped.
PYMNTS Intelligence’s Wage to Wallet...
Listed spot cryptocurrency products will begin trading for the first time in U.S. federally regulated markets on Commodity Futures Trading Commission-registered futures exchanges.
“You can now trade listed spot crypto on CFTC exchanges,” CFTC Acting Chairman Caroline D. Pham wrote in a Thursday (Dec. 4) post on social platform X. “We’re working smarter and faster to protect Americans...