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UK Wants Central Bank to Support Stablecoin Innovation
England wants its central bank to support innovation in stablecoins and other digital money.…
- Treasury announced Thursday (Aug.
- 27) that it had set a new objective for the Bank of England to make su…
- “Developments in digital payments technology, including tokenization a…
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Socure Acquires Fraud Fighter Fravity as Valuation Hits $5.2 Billion
Identity and risk intelligence infrastructure provider Socure is now a $5.2 billion company.…
- The firm reached that valuation Thursday (Aug.
- 27) following a new $156 million round of funding led by Summit Partne…
- “Identity has become a primary control point for trust in an AI-driven…
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Nasdaq Verafin Adds Q6 Cyber’s Dark Web Intelligence to Fraud Platform
Nasdaq Verafin and Q6 Cyber have partnered to help financial institutions identify and respond to emerging fraud and scan threats, Nasdaq Verafin said in a Thursday (Aug.…
- 27) press release emailed to PYMNTS.
- The partnership will add Q6 Cyber’s dark web fraud intelligence to Nas…
- The combination enabled by the new partnership will provide financial …
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Nvidia Nearing $13 Billion Deal For AI Startup Hugging Face
Nvidia is reportedly close to acquiring the artificial intelligence platform Hugging Face.…
- Nvidia and Hugging Face have held discussions about a $13 billion deal…
- 26) by Business Insider that cited a source familiar with the matter.
- Another report Wednesday by The Information – citing sources with know…
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35% of Subprime Consumers Remain Outside the Card Market
More than 1 in 3 subprime consumers sit outside the card market, leaving lenders and merchants with room to build a more manageable entry point to credit.…
- The PYMNTS Intelligence report “Who Is the Subprime Consumer?
- A Behavioral Profile,” released in May, found that subprime consumers …
- They represented 17% of consumers in the United States in January, and…
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Synchrony Says AI Has Put Every Checkout in Play
Watch more: What’s Next in Payments With Synchrony’s Maran Nalluswami Agentic commerce is forcing payments companies to make investment decisions before they know where the transaction will ultimately take place.…
- A shopper may begin with an artificial intelligence platform, move to …
- Over time, the AI platform itself could become the place where the pur…
- Each possibility changes where merchants need their products to appear…
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Credit Unions Are Missing the Rewards Their Members Want Most
A credit union credit card can sit in a member’s wallet for years and still miss most of the action.…
- When rewards enter the picture, familiarity doesn’t always win the pur…
- “The Rewards Opportunity Credit Unions Can No Longer Ignore” is a PYMN…
- It examines how loyalty and rewards programs can help credit unions ca…
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CFOs Find Working Capital Hiding in Every Payment
Watch more: Need to Know With Priority Commerce’s Court Toomey The next working capital lever for chief financial officers may not require renegotiating supplier terms, borrowing more cheaply or squeezing additional days out of days payable outstanding.…
- It may already be embedded in the payment decision itself.
- “At the end of the day, AP is responsible for the largest liability of…
- But it’s never been viewed as a strategic lever operationally for thos…
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WEX Says Faster Payments Need Smarter Brakes
Watch more: What’s Next in Payments With WEX’s Ron Griswold The linear model of traditional business payments is breaking apart thanks to embedded payments, instant rails and artificial intelligence (AI).…
- “Payments went from being just a line on a P&L [profit and loss statem…
- ” As a result, companies are beginning to treat payments less like fin…
- “Customers want to get more creative with payments,” Griswold said.
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AdvancedMD Uses AI to Cut Physician Pajama Time and Recover Revenue
Watch more: Need to Know With AdvancedMD’s Amanda Sharp The last patient has gone home, but the physician hasn’t finished working.…
- Hours later, doctors are still completing charts and catching up on do…
- Healthcare has a deceptively comfortable name for it: “pajama time.
- ” For Amanda Sharp, CEO of AdvancedMD, this is where artificial intell…
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Bank of England Welcomes Government Plan to Drive UK Payments Innovation
The British Treasury plans to give the Bank of England a new “secondary objective” to support innovation in payments technology and digital currencies, including stablecoins, Reuters reported Wednesday (Aug.…
- The proposed objective aims to ensure that regulation keeps up with ch…
- City Minister Lucy Rigby said in the report: “Whilst financial stabili…
- ” While the U.
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FIFA World Cup Adds $3.5 Billion to New York and New Jersey Economies
The FIFA World Cup 2026 generated $3.5 billion in total economic impact across New York and New Jersey, New York Gov.…
- Kathy Hochul said in a Wednesday (Aug.
- 26) press release.
- Citing a study conducted by Tourism Economics, an Oxford Economics com…
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Nvidia CEO Says AI Is Already Productive, Not Just Promising
Artificial intelligence has moved past the hype stage, according to Nvidia’s CEO.…
- Jensen Huang put it plainly on the company’s second quarter earnings c…
- It’s doing useful work.
- Its tokens are productive and profitable.
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