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Luxury Shoppers Put Their Money Where Their Feet Are
A banana-shaped heel is an unusual place to look for evidence of consumer spending discipline. But in luxury retail, financial restraint can apparently come with very adventurous footwear. There’s growing interest in eccentric designer shoe
PYMNTS · Published 10/17/2026, 16:00New York Fed Finds Surging Costs Turn Executive Outlook Negative
Service sector firms in New York State and nearby areas became pessimistic about the business outlook in early October, for the first time since December 2025, the Federal Reserve Bank of New York said in its October “Business Leaders Surve
PYMNTS · Published 10/17/2026, 07:39Acorns Acquires Frich to Scale Financial Education
Acorns has expanded its financial education community by acquiring Frich, the company said in a Wednesday (Oct. 14) press release. Frich is a community where young Americans learn about money from each other, while Acorns is a financial wel
PYMNTS · Published 10/17/2026, 06:57Marqeta and Coinbase Take Stablecoin Spending Mainstream
Marqeta’s enterprise customers can now offer stablecoin-backed cards powered by Coinbase, the companies said in a Friday (Oct. 16) press release. This offering is enabled by a new collaboration that integrates Marqeta’s card issuing platfor
PYMNTS · Published 10/17/2026, 06:35Upgrade’s Bank Ambitions Show How FinTech Growth Expands Choices
As FinTechs scale, they bring banks more deposits, loans, transactions and fees while gaining more choice over which institutions provide the funding and infrastructure behind them. Upgrade facilitated more than $53 billion in credit throug
PYMNTS · Published 10/17/2026, 05:39Federal Judge Denies Gemini and CFTC Bid to Erase 2025 Settlement
A federal judge refused to overturn a $5 million settlement that cryptocurrency exchange Gemini reached with the Commodity Futures Trading Commission in January 2025 and has already paid, CoinDesk reported Friday (Oct. 16). The CFTC has sin
PYMNTS · Published 10/17/2026, 04:47Trump Task Force Orders Report on AI Dangers
President Donald Trump’s artificial intelligence (AI) task force, the Super Intelligence Force, will commission a report from the President’s Council of Advisors on Science and Technology to evaluate potential dangers of the technology, Blo
PYMNTS · Published 10/17/2026, 04:15Taco Bell Says AI Helps Workers Live Más, Quit Less
The hardest job at a Taco Bell during the dinner rush is the headset. One worker takes orders from a line of cars, repeats them back over road noise and fields the complaints when a Crunchwrap comes out wrong. At more than 890 Taco Bell dri
PYMNTS · Published 10/17/2026, 04:02Stablecoins Take Aim at Cash Locked in Prefunding
Cross-border payments carry a working capital cost before money reaches the recipient. Payment providers frequently need funds available in advance to make payouts in other markets. For a company operating across currencies and time zones,
PYMNTS · Published 10/17/2026, 03:16Regions Bank Says AI Cybersecurity Drives Up Costs 1.5% to 3.5%
Regions Financial Corp., parent company of Regions Bank, expects the cost of cybersecurity to increase its adjusted noninterest expense by between 1.5% and 3.5% for full-year 2026, Chief Financial Officer Anil Chadha said Friday (Oct. 16) d
PYMNTS · Published 10/17/2026, 02:48FTC Subpoenas AI Companies Over Security Breaches Amid Shifting White House Policy
The Federal Trade Commission (FTC) on Wednesday (Oct. 14) sent civil subpoenas to OpenAI and Anthropic seeking documents related to a series of recent safety and security incidents in which the companies’ artificial intelligence (AI) agents
PYMNTS · Published 10/17/2026, 01:44
