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A merchant can negotiate a better payment processing rate and still face an expensive move if its saved customer credentials are tied to its existing provider. That tension sits at the center of payment orchestration’s promise. The technology connects businesses to multiple payment providers and dir...
Treasury’s effort to regulate payment stablecoins hinges on questions on when a coin has actually been issued, who issued it and how a stablecoin created outside the country can legally reach a customer in the United States. The department’s proposed rule, published Aug. 18, would implement statutor...
Consumer financing company Synchrony saw record third-quarter purchase volume, with both discretionary and non-discretionary out-of-partner spend on its consumer co-branded cards growing by double digits, Synchrony President and CEO Brian Doubles said Tuesday (Oct. 20) during an earnings call. The p...
Mastercard has launched early access to Agent Pay for Machines, a tool designed to let autonomous artificial intelligence agents purchase digital services. The new offering builds on x402, an open protocol that allows digital services to request payment online, and “connects it with the trust, secur...
The U.S. mortgage market has “weakened meaningfully” since July, though the rest of the U.S. market remains as healthy as it was, Equifax Chief Financial Officer and Chief Operations Officer John Gamble said Tuesday (Oct. 20) during an earnings call. “Mortgage market transaction volume began to decl...
Hasbro saw 15% year-over-year revenue growth in the third quarter, fueled by its Wizards of the Coast and Digital Gaming segment, according to a Tuesday (Oct. 20) earnings press release. “Despite all of the macro noise in the quarter, we stayed true to our superpower, inspiring a lifetime of play,” ...
For a long time, robots made little economic sense for food manufacturers juggling many recipes, each with its own mix of ingredients. Chef Robotics, a San Francisco startup that sells artificial intelligence (AI)-guided robot arms to food plants, now says its robots have handled more than 120 milli...
State and local governments need to prepare for attackers getting inside their networks, with cybersecurity protocols that contain intrusions before they disrupt water systems, transportation, benefits payments and other essential services. That is the central recommendation of a commentary publishe...
Financial infrastructure company Mural said it has raised $15 million in new funding. The Series A financing round will support the firm’s global expansion and investments in the regulatory and payments infrastructure needed to scale agentic finance, Mural said in a Tuesday (Oct. 20) news release. “...
Automaker General Motors has begun offering Apple Wallet car key support in some vehicles. The integration went into effect last month, and was flagged Monday (Oct. 9) in a report on the website MacRumors. It applies to select Cadillac, Chevrolet, and GMC vehicle models, with other General Motors (G...
DeepSeek has made its in-house inference framework, DeepInfer, fully open source, saying this will help make artificial intelligence more affordable. DeepInfer powers the company’s DeepSeek-V4.1-Flash model at scale with high throughput and low latency, DeepSeek said in a Tuesday (Oct. 20) post on X...
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 through a model built with banks and loan buyers when it applied t...
