Nvdium130 published todayFinancial technology, payments and digital banking.
PayPal has paused its planned sale of its venture capital portfolio after offers came in at no higher than 60 cents on the dollar, Seeking Alpha reported Friday (Sept. 4), citing a paywalled article by Axios that was based on unnamed sources. The investments in PayPal’s portfolio include shopping app Tabby and crypto p
An Apple event scheduled for Wednesday (Sept. 9), Surprise and Shine, will mark the beginning of the longest series of device releases in the company’s history, Bloomberg reported Friday (Sept. 4). The wave will continue through 2029 and beyond, and it will include new product areas, according to the report. Many of th
For banks seeking a larger share of their commercial customers’ operating cash, new federal deposit rules may help those efforts. The Federal Deposit Insurance Corp.’s interim final rule, adopted Aug. 27 and effective Tuesday (Sept. 1), substantially increases the amount of reciprocal deposits that qualifying banks can
Merchants can now use one Yuno connection to add Revolut’s biometric one-click checkout, Revolut Pay, as well as Revolut’s acquiring and gateway services, Yuno said in a Thursday (Sept. 3) press release. The offering is enabled by a new partnership of Yuno and Revolut Business, according to the release. The partnership
Brazilian digital bank PicPay has begun rolling out an integration with Anthropic’s Claude that enables PicPay customers to check financial information in Claude by using natural-language commands. The integration with Claude will be rolled out gradually to customers on an early-access list, and it will be free to Andr
Williams-Sonoma is putting hard numbers behind what conversational artificial intelligence can do for a retailer’s bottom line. Engagement with Olive, Williams-Sonoma’s AI shopping assistant, has risen 700% since the start of the year, and revenue tied to the tool is up 620%, Sameer Hassan, the company’s chief technolo
Prescription platform GoodRx has launched a new plan that covers a primary member and up to four dependents, including children, adult family members and pets, the company said in a Thursday (Sept. 3) press release. The new GoodRx Companion Family Plan offers healthcare savings that includes more than 250 generic medic
The banking day is disappearing faster than the treasury operating model built around it. Citi on Thursday (Sept. 3) said it processed live U.S. dollar transactions with First Abu Dhabi Bank and OCBC using Swift’s blockchain-based ledger, extending an industry push toward cross-border payments that can operate continuo
The European Central Bank (ECB) is exploring a potential interlinking between its TARGET Instant Payment Settlement (TIPS) platform and the Central Bank of Brazil’s Pix platform, Reuters reported Thursday (Sept. 3). The ECB said this in response to Reuters’ inquiry about a claim by unnamed sources that the two central
Ant International, a global provider of digital payment, digitization and financial artificial intelligence (FinAI) solutions, has received a Payment Institution (PI) license from the Central Bank of Brazil, the company said in a Thursday (Sept. 3) press release. The PI license will strengthen Ant International’s local
Enterprise artificial intelligence adoption is spreading, but the money is piling up fast among a small group of companies. New data from Ramp shows the top 1% of customers account for 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that has held steady even as more businesses start paying for g
This weekend’s gas prices are set to be the highest ever for a Labor Day weekend, AAA said in a Thursday (Sept. 3) press release. The national average gas price is $4.14, which is above the current Labor Day record of $3.82, which was set on Sept. 3, 2012, according to the release. “Even though gasoline demand decrease
The most useful fraud signal in a cryptocurrency investment scam may not be the cryptocurrency transaction. It may be the customer’s balance sheet deteriorating in real time. That is among the key takeaways from a Financial Crimes Enforcement Network (FinCEN) analysis released Thursday (Sept. 3), which examined 33,904
Payments platforms have plenty of transaction data. Smart checkout is raising the value of the merchant information they do not have. The technology can draw on payment history, customer identity, product information, rewards, previous purchases and transaction performance to determine what a shopper sees at checkout.
OpenAI committed $1 billion in subsidized access to its security program, Daybreak, for community and regional banks and other operators of essential services, the company said in a Thursday (Sept. 3) blog post. The new global initiative, Daybreak for Frontline Defenders, is also available to water and wastewater syste
Consumers are splurging more via subscription payments, often for fashion and entertainment, a new Bank of America report says.
Anthropic is preparing to finalize an expansion of its revolving credit facility to $15 billion, up from the $2.5 billion facility it secured last year, Bloomberg reported Friday (Sept. 4), citing unnamed sources. Companies typically finalize their revolving credit facility before notifying banks of their roles in the
The expense-management company has expanded into the nascent field of artificial intelligence routing as companies seek to keep tabs on their AI costs.
The FBI is investigating a possible breach that may have exposed scans of millions of American drivers’ licenses, according to Bloomberg News. A bureau spokesperson confirmed the investigation on Thursday. The news lands as identity verification companies face growing pressure to protect the documents they collect. Thi
Watch more: Need to Know With Citadel Credit Union’s Bill Brown Small businesses can be profitable on paper and still find themselves short of cash when payroll, inventory or equipment bills arrive before customers pay their invoices. That mismatch is shaping conversations between small business owners and lenders in s