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House Report Finds 1,800% Increase in Fraud Losses Since 1997

A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Intuit Intros QuickBooks-Linked Small Business Credit Card

Intuit has debuted a new small business-focused credit card in collaboration with Mastercard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...

Amazon Trims AGI Team to Focus on Core Initiatives

Amazon has cut jobs in its artificial general intelligence (AGI) group, Reuters reported Wednesday (July 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Crypto Wallet SecondFi Shutters After $2.4 Million Theft

Cryptocurrency wallet SecondFi is shuttering after an attack drained $2.4 million from its users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...

Watchdogs Build Their Own Agents to Keep Up

Banks and FinTechs are racing to put AI agents to work. The agencies that police them are doing the same thing. The U.K. Financial Conduct Authority is embedding artificial intelligence across supervision and enforcement as it prepares to absorb about 60,000 additional businesses into its anti-money laundering supervision, a figure...

3 Ways Card Issuers Are Looking Beyond Credit Scores

Capital One and Synchrony earnings results this week highlight a consumer credit market that is becoming more segmented: lenders are drawing finer distinctions within credit tiers, millions of new accounts are still being opened and card products are increasingly being matched to both a borrower’s credit profile and expected spending...

The Digital Chamber Sues Illinois to Halt Digital Asset Tax

Blockchain industry organization The Digital Chamber filed a lawsuit Tuesday (July 21) asking the court to halt the state of Illinois’ planned tax on digital asset business activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Regulating Generative AI: The Six Storylines of 2023 – December 2023

Since the emergence of OpenAI’s ChatGPT platform in late 2022, a considerable amount of public attention and private capital has been directed toward GenAI and its potential. In “Regulating Generative AI: The Six Storylines of 2023,” PYMNTS reveals AI’s six storylines of 2023 in this new report featuring insights from experts in the field.