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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
Visa Direct Targets Cross-Border Trade???s SMB Payment Gap
2+ day, 4+ hour ago (1021+ words) SMBs can now reach customers, suppliers and workers globally without having the treasury staff that larger companies use to manage cross-border payments. Legacy cross-border rails can leave smaller businesses waiting days for payments while dealing with limited traceability, intermediary fees…...
AI Agents Need Permissioned Funding Sources. Not Company Bank Accounts.
2+ day, 5+ hour ago (530+ words) AI agents may not need money; they need permission to spend it. Treasury can keep liquidity centralized while software receives programmable authority to create approved obligations. Virtual cards, stablecoins and bank rails become execution options, not the core product. The…...
Cash App Pilots No-Fee Business Tools for Sole Proprietors
2+ day, 7+ 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…...
This Week in Stablecoins: Everything but the Coin
2+ day, 8+ hour ago (517+ words) Stablecoins are becoming financial infrastructure, not just payment rails. The competitive moat is shifting toward the layers around the token: custody, credit, liquidity, settlement, FX, compliance and developer distribution. Payments data is starting to become a financing input. Visa’s settlement…...
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…...
Target Turns App AI Features Into Bigger Orders and Faster Checkout
2+ day, 9+ hour ago (371+ words) Target is seeing results from the artificial intelligence-powered shopping features it added to its app over the past year, the retailer said in a Tuesday (Sept. 8) press release. “Guests move naturally between our stores and digital channels, and we’re using…...
Coinbase and Moov Team to Help Community Banks Embrace Stablecoins
2+ day, 10+ hour ago (387+ words) The partnership, announced Thursday (Sept. 10), aims to add acceptance, settlement and real-time funding, built directly into the systems the banks already use. “Community banks and credit unions have witnessed their customers use digital assets for years,” Ryan VanGrack, vice chair…...
Walmart Expands Tap to Pay as Amazon Builds Its AI Capacity
2+ day, 11+ hour ago (714+ words) Walmart is loosening control at checkout to strengthen the broader customer relationship, betting that payments can become more open as long as identity, loyalty, data and engagement stay inside its ecosystem. Amazon is pushing retail competition upstream into AI infrastructure,…...
OpenAI Cuts Off Rivals??? Ads on ChatGPT
2+ day, 12+ 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…...