Mastercard Offers Brazilian Acquirers 50% Payout and Services in Will Bank Dispute
Mastercard is proposing to pay half the amount demanded by Brazilian merchant acquirers that were impacted by the collapse of Will Financeira, also known as Will Bank, a FinTech tied to the failed Banco Master, Bloomberg reported Friday (Aug.…
14), citing unnamed sources.
The offer follows an earlier one that Mastercard offered amid the fall…
Mastercard said in the report: “We have been working through this situ…
Platforms Use Payments Data to Push Deeper Into Merchant Credit
A merchant that once represented a stream of transaction fees can now represent a lending relationship, and second-quarter earnings results show payments platforms putting more money behind that proposition.…
Block and PayPal and others already have a financial relationship with…
PayPal Discussing Sale to Stripe After Rejecting First Offer
PayPal Holdings is in talks with a group that includes Stripe and Advent International, negotiating to sell itself at a price potentially higher than the one the companies offered in July, The Wall Street Journal (WSJ) reported Friday (Aug.…
14), citing unnamed sources.
The two sides have been negotiating since July, when Stripe and Advent…
A deal could come together within weeks, although there is no guarante…
JPMorgan Cut Polymarket Banking Ties Over Regulatory Concerns
Regulatory concerns drove JPMorgan Chase to end its banking relationship with prediction market Polymarket last year, the Financial Times reported Friday (Aug.…
14), citing unnamed sources.
Polymarket is now working with a new lender after JPMorgan Chase told …
At the time JPMorgan made the change, Polymarket was operating under a…
Insurance company Allstate is investing in quantum computing now so that the company is ready to take advantage of the technology when it arrives, Allstate Chair, President and CEO Tom Wilson told The Wall Street Journal in a report published Friday (Aug.…
Allstate plans to expand its quantum team that currently includes 10 p…
The team is exploring the use of quantum computing for tasks such as d…
Wilson said in the report that he doesn’t know when quantum computing …
Goldman Sachs Mobilizes Investors for Nvidia’s $500 Billion AI Infrastructure Push
Goldman Sachs is talking with potential investors about participating in Nvidia’s $500 billion artificial intelligence financing initiative that was announced Monday (Aug.…
10), Reuters reported Friday (Aug.
Goldman Sachs has talked with banks, asset managers, insurers and priv…
The firm’s investment bank can help place the debt into private credit…
Apple Teams Up With Alibaba to Bring Apple Intelligence to China
Apple worked with Alibaba Group to develop and train an Apple artificial intelligence model specifically for the Chinese market, Reuters reported Friday (Aug.…
14), citing unnamed sources.
Apple has previously used third-party models to power the AI features …
Now, following the collaboration with Alibaba Group, the company plans…
Enterprise AI’s Hottest Job Just Found Its Biggest Skeptic
The fastest-growing job in enterprise AI is the forward-deployed engineer, the specialist companies hire to make the software actually work inside their walls.…
Decagon, a customer service artificial intelligence startup that cross…
Monthly job listings for the role rose more than 800% between January …