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More than $300 billion in illicit funds are laundered each year in the United States, with criminals processing their profits to conceal their source and law enforcement cracking down on front businesses that enable them. Money…

It’s hard to argue the digital shift in any business, but particularly at retail. PYMNTS research shows that 97.3 million U.S. consumers have now switched to performing at least one routine activity online — working from home on their…

In a mid-January conference call with analysts, J.P. Morgan Chase CEO Jamie Dimon told analysts that his firm, and other banks, should be scared “s—tless” by FinTechs.The sentiment speaks volumes to a competitive landscape that has…

The idea of spreading payments over time is not new in healthcare — certain practitioners, such as orthodontists, have successfully offered buy now, pay later (BNPL)-like plans for 20 years. But the idea has not been widely adopted…

Streaming services are helping many families stay entertained during the pandemic, but managing the monthly payments for these offerings — as well as recurring bills for necessities like gas and water bills — can be…

Digital-first is the mantra of the moment in commerce. Payments are being reconfigured and rewired, creating commerce ecosystems that move with consumers across channels. In a sense, the industry is witnessing a head-to-head matchup…

One previously unreported reason Jack Ma's Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal (WSJ) writes.The previously reported reasons the highly coveted IPO didn't go…

Apple is offering new discounts on health apps this month in honor of American Heart Month, according to a report from 9to5Mac.American Heart Month takes place in February to observe the ways Americans can adopt healthier lifestyles to…

U.S. air traffic passengers fell to their lowest numbers since 1974 as the number of scheduled passengers dropped 62 percent from December 2019 to December 2020, a Bureau of Transportation study found.The data came from 22 airline…

Lucid Motors, the luxury electric vehicle maker, is close to a deal for an initial public offering (IPO) at a $12 billion valuation after a deal with Michael Klein's special purpose acquisition company (SPAC), Reuters writes.The merger…