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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Cash App Pilots No-Fee Business Tools for Sole Proprietors
2+ day, 6+ hour ago (319+ words) Cash App is piloting a new experience that helps eligible sole proprietors accept peer-to-peer payments and manage their earnings in their personal Cash App account, the company said in a Thursday (Sept. 10) press release. This experience does not require a…...
Instacart???s Clementine AI Turns One Message Into a Grocery Cart
2+ day, 7+ hour ago (341+ words) Instacart launched Clementine on Wednesday (Sept. 9) in the United States and Canada, an AI assistant that turns a message like “high-protein easy dinners for two” into a ready-to-buy cart, built on 1.6 billion lifetime orders and 10 million daily inventory signals. It’s…...
Nu Partners With Lead Bank to Launch Full US Banking Suite
2+ day, 7+ hour ago (484+ words) Nu, which has built its digital bank in Latin America over the past 13 years, entered the United States with a full suite of products, the company said in a Thursday (Sept. 10) press release. Nu launched in the U.S. through a partner…...
OpenAI Cuts Off Rivals??? Ads on ChatGPT
2+ day, 11+ hour ago (592+ words) OpenAI cut off ChatGPT ads for any product that competes with its own image and audio tools, and Adobe found out the hard way, losing the ability to promote its Firefly image generator without warning. OpenAI just shipped ChatGPT Images…...
MVB Partners With Velocity for Visa Direct Stablecoin Settlement Pilot
3+ day, 6+ hour ago (340+ words) MVB Financial has partnered with Velocity to join a Visa Direct pilot supporting stablecoin-enabled funding and settlement for push-to-card payouts, Velocity said in a Wednesday (Sept. 9) press release. Through their partnership, MVB will use stablecoin payments to settle its Visa…...
Splitit and Jack Henry Team to Help Banks Compete With BNPL
3+ day, 10+ hour ago (248+ words) Bank-linked installment payments company Splitit launched integrations with two Jack Henry platforms, according to a Wednesday (Sept. 9) press release. The platforms include Jack Henry’s SilverLake core banking platform and Banno Digital Platform through the Jack Henry Fintech Integration Network (FIN),…...
Marqeta Turns to BVNK for Stablecoin-Backed Card Capabilities
3+ day, 10+ hour ago (407+ words) “The integration will enable Marqeta’s customers to embed stablecoin capabilities into wallets, cards and everyday financial products,” the companies said in a news release. “Together, the companies are unlocking stablecoin spendability to allow users to transact in digital dollars at…...
Chime Inks $590 Million Deal to Buy Longtime Bank Partner Stride
4+ day, 3+ hour ago (342+ words) Chime plans to acquire its bank partner, Oklahoma-headquartered Stride Bank, to further Chime’s efforts to provide “mainstream America” with better banking, the company said in a Tuesday (Sept. 8) press release. Chime signed a definitive agreement to acquire Stride for $590 million…...
Anthropic Wants More Control Over Its Payments Stack
4+ day, 10+ hour ago (163+ words) Anthropic is evaluating which parts of its billing, payments, fraud and tax infrastructure to build in-house, cutting its reliance on Stripe. The company’s revenue jumped to more than $11.5 billion last quarter, up from $787 million a year earlier, growth fast enough…...
Fifth Third Completes Comerica Integration to Become 9th Largest US Bank
4+ day, 12+ hour ago (318+ words) Fifth Third Bancorp completed the technical and brand conversion of the Comerica franchise over the Labor Day weekend, the bank said in a Tuesday (Sept. 8) press release. The conversion, which followed the Feb. 1 merger of Fifth Third and Comerica, brought…...