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FBI Investigates Possible Breach of Millions of American IDs
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 pressur…
- This raises fresh concerns about how easily stolen IDs can fuel fraud …
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55% of Gen Z Lets Installment Payment Options Influence Healthcare Choices
Installment plans can turn the first financed purchase into a lasting shopping habit, giving merchants a chance to win repeat business well beyond the original checkout.…
- That pattern stands out in “Financing the Decision,” the April install…
- Based on a survey of 2,763 U.
- consumers conducted from Feb.
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CFO Caution Creates an Opening for Bolder Competitors
Corporate America may have a capital allocation problem hiding inside its risk management discipline.…
- The PYMNTS Intelligence report “The Cost of Caution: Why CFOs Put Grow…
- More than half said they need a high level of certainty before committ…
- When conditions become harder to read, companies don’t simply become m…
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Citadel CEO Says Small Business Lending Starts Before the Application
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 a…
- Rather than beginning with a term loan or a large capital request, man…
- “The kinds of conversations we’re having with small business owners re…
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Bottomline Partners With Chainlink to Connect 600 Banks to Blockchain Settlement
Bottomline, a top-three provider of Swift services, has partnered with Chainlink to give more than 600 bank customers access to blockchain-based cross-border settlement.…
- The deal is one of the largest efforts yet to link the Swift messaging…
- According to Bitcoin.
- com, Bottomline processes more than $16 trillion in payments annually …
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800 AI Agents Now Run GE Appliances’ Factory Floor
GE Appliances has deployed more than 800 artificial intelligence agents across its manufacturing, logistics and supply chain operations, using Google Cloud’s Gemini Enterprise, the company said in its announcement.…
- “AI is now integral to the way work gets done at GE Appliances,” said …
- The agents run inside a data platform GE Appliances calls Brilliant Fa…
- It tracks production, parts and worker activity across every line and …
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The 4 New Working-Capital Levers CFOs Can Pull in Real Time
The next generation of payment infrastructure is giving CFOs something more valuable than speed.…
- It’s giving them optionality.
- Real-time rails, richer ISO 20022 data, virtual accounts, embedded FX …
- A CFO doesn’t necessarily want to pay faster simply because the infras…
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Memecoin App Pons Drives Record Fees on Robinhood’s New Blockchain
A third-party token-creation application has emerged as one of the digital asset industry’s largest fee generators, driven by active retail trading on Robinhood Markets’ newly launched blockchain network.…
- According to a Thursday (Sept.
- 3) report by CoinDesk, users paid about $5.
- 95 million in fees over a 24-hour period to create and trade tokens th…
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nCino Expands Buyback as AI Demand Supports Growth
nCino reported higher revenue and profitability for its fiscal second quarter while authorizing another $100 million for share repurchases, as the banking software provider pointed to growing customer commitments to its artificial intelligence capabilities.…
- According to FinTech Global, nCino’s total revenue for the three month…
- Subscription revenue increased 10% to $143.
- The company’s GAAP operating margin reached 8%, up 15 percentage point…
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ACI Worldwide to Add Microservices Card Switching Through Cranium Acquisition
ACI Worldwide has agreed to acquire Cranium Ventures, a privately held developer of cloud-native card payment switching technology, as it seeks to expand its card-processing capabilities.…
- The Omaha, Nebraska, payments technology company said Tuesday (Sept.
- 1) in a press release that it will incorporate Cranium’s microservices…
- ACI launched the card platform in March as part of ACI Connetic, its c…
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Thinking Machines Lab Seeks $1 Billion at $40 Billion Valuation
Thinking Machines Lab, the artificial intelligence startup led by former OpenAI Chief Technology Officer Mira Murati, is in talks to raise at least $1 billion at a valuation of at least $40 billion, The Information reported Thursday (Sept.…
- Existing investor Accel is considering leading the funding round, whil…
- The proposed valuation would represent a fourfold increase from the $1…
- However, it is below the over $50 billion valuation the startup sought…
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Stablecoins This Week: Building the Market’s Visa and Mastercard Layer
The stablecoin market, in an evolution that belies its own prefix, is entering a period of flux.…
- While the stablecoin market’s first phase rewarded issuance and liquid…
- Twenty-one major financial institutions are moving forward with plans …
- The Securities and Exchange Commission is preparing transfer-agent rul…
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Diameter Pay Raises $10 Million to Expand Stablecoin Payments Infrastructure
Diameter Pay has reportedly raised $10 million in a Series A funding round as the stablecoin payments infrastructure provider looks to expand its banking, payments and digital asset capabilities.…
- The round was co-led by CMT Digital and Lightspeed Faction, according …
- 3) report in The Block.
- Other investors included SixThirty Ventures, Stellar Development Found…
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