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21% of Financially Stressed Grocery Shoppers Use Digital Wallets
Grocery shoppers under financial pressure are spending more per purchase, giving retailers an opportunity to help households manage bigger bills with more flexible ways to shop and pay. That’s a central finding of “The New Checkout: Crimped
PYMNTS · Published 10/20/2026, 16:00Ramp Seeks National Trust Bank Charter for Digital Asset Custody
Finance platform Ramp aims to form a national trust bank that would offer fiduciary investment management and custody of digital assets, the company said in a Monday (Oct. 19) post on X. Ramp submitted an application to establish the propos
PYMNTS · Published 10/20/2026, 07:07AI Agent Cuts Centalion’s Trade Finance Amendment Time 80%
Issuing a bank guarantee at a large commodity trader is still a desk job. A treasury employee checks how much room is left on a credit facility, pulls the banking details from one system, confirms the limits in another and keys the transact
PYMNTS · Published 10/20/2026, 07:00Analysts Expect Touch-Screen MacBook Pro Debut at Apple’s Oct. 28 Event
Apple will host a product launch event dubbed “Pro and tell” on Oct. 28, and analysts expect the company to introduce its first touch-screen MacBook Pro, according to multiple media reports. Greg Joswiak, senior vice president of worldwide
PYMNTS · Published 10/20/2026, 06:44Kansas City Fed Flags Funding Challenges From Tokenized Deposits
Banks are developing tokenized deposits to give corporate customers faster access to their money. In doing so, they are making the deposits they use for funding easier to move. A research briefing from the Federal Reserve Bank of Kansas Cit
PYMNTS · Published 10/20/2026, 05:55Relay and Nium Handle $500 Million in Cross-Border Payments in Partnership’s First Year
Users of Relay’s small business banking and money management platform have sent over $500 million in cross-border payments through Nium’s global money movement platform since the companies launched their partnership about a year ago, accord
PYMNTS · Published 10/20/2026, 04:57Character.ai Bankruptcy Exposes the High Cost of AI Companionship
Character.ai, an artificial intelligence (AI) companion platform that lets users chat with AI versions of their favorite characters, filed for Chapter 11 on Oct. 12. About 12 million monthly users could not make it profitable. The company w
PYMNTS · Published 10/20/2026, 04:17Circle and Proof Help Businesses Trust AI Agent Transactions
Proof and Circle Internet Group said Monday (Oct. 19) that they will demonstrate at Money20/20 how open identity and payment protocols can work together to enable businesses to trust transactions made by agents. The companies’ demo will inc
PYMNTS · Published 10/20/2026, 04:10Fiserv Aims to Simplify Cross-Border Commerce With Commerce Hub
Payments and financial services technology solutions provider Fiserv has launched its Commerce Hub platform. The new offering is designed to let merchants “orchestrate and simplify commerce through a single connection to Fiserv’s commerce c
PYMNTS · Published 10/20/2026, 03:05Square Shifts Business Credit Cards to Marqeta Platform to Speed Credit Innovation
Square has consolidated its credit and debit programs on Marqeta’s card issuing platform, saying this will enable the company to bring new credit features to market more quickly. With this move, Square migrated its Square Credit Card to Mar
PYMNTS · Published 10/20/2026, 02:54U.S. Bank Debuts Tool to Streamline Consumers’ Recurring Bills
U.S. Bank says it is giving customers a quicker way to shift recurring payments to a debit or credit card. Payment Switch, announced Monday (Oct. 19), lets consumers transfer payments for things like utility bills or streaming services to a
PYMNTS · Published 10/20/2026, 02:33Kapital Looks to Enhance Finance Platform With $30 Million Woz Deal
Mexico-based B2B financial platform Kapital is set to acquire artificial intelligence startup Woz. The $30 million deal is designed to strengthen Kapital’s financial ecosystem with the addition of Woz’s advanced coding agents for “complex b
PYMNTS · Published 10/20/2026, 02:11Mastercard and Extend Team to Improve Bank and Business Software
Mastercard has chosen spend management/virtual card FinTech Extend as one of its financial operations platform partners. The collaboration, announced Monday (Oct. 19), is designed to bring new spend and expense management tools directly to
PYMNTS · Published 10/20/2026, 02:01Big Banks Won’t Let Outside AI Agents Move Money
A customer who hands a login to an artificial intelligence agent now gets turned away at four of the biggest names in banking in the United States. Charles Schwab sees the attempts firsthand. Across all its clients, the brokerage blocks the
PYMNTS · Published 10/20/2026, 01:30DHS Bans DeepSeek Across Federal Government Networks
The Department of Homeland Security (DHS) has issued an order banning federal civilian agencies from acquiring products and services developed by DeepSeek and requiring them to remove the company’s products from their information technology
PYMNTS · Published 10/20/2026, 01:29Nvidia-Backed Double AI Debuts AI ‘Code Execution’ Models
Israeli startup DoubleAI is reportedly set to introduce what it describes as a new category of artificial intelligence (AI). The company, whose backers include Nvidia and Dell, calls this new category “code execution” models (CEMs) which pl
PYMNTS · Published 10/20/2026, 00:39US Exchanges to Extend Trading Hours, Raising the Stakes for Financial Firms
U.S. stock exchanges are preparing to extend trading to 23 hours a day, five days a week, creating new opportunities for investors while requiring financial firms to adapt their technology, risk controls and overnight operations. The Securi
PYMNTS · Published 10/20/2026, 00:25Fifth Third Plans to Beat AI Disruptors at Their Own Game
The banking industry will respond to the rise of artificial intelligence-driven cash optimization tools by using relationships with customers and offering the same services these tools offer, with the added benefit of bank-grade information
PYMNTS · Published 10/20/2026, 00:21Banks Can Slow Stablecoin Growth by Paying Depositors More, BIS Paper Finds
Banks campaigning to prevent stablecoins from draining their deposit base may already hold a simple but powerful competitive tool. A new working paper published by the Bank for International Settlements (BIS) finds that higher bank deposit
PYMNTS · Published 10/20/2026, 00:20Mastercard Extends Risk Capabilities to Stablecoin Payments
Mastercard introduced a risk intelligence solution designed to enable more secure stablecoin payments, the company said in a Monday (Oct. 19) press release emailed to PYMNTS. The new Stablecoin Security solution combines payment and blockch
PYMNTS · Published 10/20/2026, 00:00Google Helps Huntington Bank Deploy AI-Powered Operating System
Huntington National Bank has debuted a new operating system designed for small businesses. The 1866 Studio, named for the year the bank was founded, was built using Google’s Gemini artificial intelligence (AI) platform, the tech giant annou
PYMNTS · Published 10/19/2026, 23:52Stablecoins Move From Making Payments to Making Loans
More digital assets are moving into lending strategies, turning stablecoin and cryptocurrency holdings into credit exposure for investors seeking yield. The growth shows how the uses for digital assets are expanding. Stablecoins and other t
PYMNTS · Published 10/19/2026, 23:49Skyfire and Forter Team to Strengthen Agentic Commerce Decisioning
Skyfire, a financial stack for agentic commerce, has announced a partnership with fraud prevention company Forter. The integration expands on Forter’s fraud management for agentic commerce capabilities, which now uses Skyfire’s know your ag
PYMNTS · Published 10/19/2026, 23:30Congress’ AI Expertise Gap Hampers Push for Meaningful Regulation
Pressure on Congress to address artificial intelligence is exposing a weakness in its ability to respond. Many lawmakers lack the technical knowledge and specialized staff needed to evaluate the technology, scrutinize industry claims and tr
PYMNTS · Published 10/19/2026, 23:26