How PayPal’s New Tax Service Fits Into Its Overall Strategy
PayPal is introducing free federal and state tax filing for its debit card holders, allowing refunds to be deposited directly into user accounts. The move expands PayPal’s existing lineup and is intended to encourage broader engagement across the platform. The service is a collaboration with april, a provider of white-label tax filing tools. Its AI-driven […]
UK Regulators Voice Concerns About AI’s Role in Financial Services
As more financial institutions deploy artificial intelligence for key functions such as credit assessments, a group of UK lawmakers has raised concerns that the industry may be unprepared to withstand a major AI-related incident. The lawmakers recently advised the Financial Conduct Authority and the Bank of England to implement AI‑focused stress tests that could help […]
PhotonPay Expands UK Local Payment Rails via New Collaboration with ClearBank
ClearBank, the enabler of real-time clearing and embedded banking, has announced a collaboration with PhotonPay, an AI-powered global digital financial infrastructure provider offering payment solutions to businesses worldwide. Through this collaboration, PhotonPay’s business customers will gain access to a wider range of financial services, including virtual accounts, GBP collections, payouts, and Confirmation of Payee (CoP) functionality. […]