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Bots account for a vast majority of stablecoin transactions, recent Visa research shows.
Fewer than 10% of these transactions come from genuine users, according to a new metric from Visa and Allium Labs, showing that just $149 billion of the $2.2 trillion in total transactions last month came from “organic payments activity.”
The findings were flagged in a report Sunday (May 5) evening by...
J.P. Morgan and Visa have teamed to offer faster domestic payments via Visa Direct.
The collaboration, announced Monday (May 6) is designed to improve merchant experiences and empower cardholders for customers of J.P. Morgan Payments.
“With Visa Direct’s extensive reach in the U.S., J.P. Morgan Payments will empower merchants, businesses and FinTechs to embed faster domestic payments into their...
Bakkt is cutting staff after warning earlier this year about the future of the company.
The cryptocurrency platform said in a securities filing Friday (May 3) that it is laying off 28 workers, or 13% of its non-call center staff.
“The reduction in force is a component of a broader strategic review of the company’s operations that is intended to more effectively align resources with business...
The amount of data now being generated by consumers is testing the constraints of the dictionary.
Only 10 years ago it was measured in terabytes, which is a trillion bytes. But now those 329 million terabytes of data are generated every day, and data scientists have applied a relatively new term: The Zettabyte Era.
It’s the last metric standing as data continues to explode daily. And in case you’...
A new global business identity platform is on the scene, enabling banks, FinTechs and enterprises to verify and onboard businesses of all sizes, particularly smaller businesses. Four years and hundreds of millions of data points in the making, Markaaz has a unique, two-sided business model and some serious executive credentials behind it as it shoots for nothing less than recasting the way...
Data integrity and technology that provides flexibility are key for businesses in a dynamic market, Boost Payment Solutions CFO Mariana Lamson writes in the new PYMNTS eBook, “The Implications of Uncertainty.”
The major uncertainty faced by B2B business is the lack of a clear answer to the question, “How is the economy really performing?” While there is a plethora of data available on B2C and...
The CE 100 Index gained 0.7%, buoyed by continued earnings reports that boosted the fortunes of the Shop and Live pillars.
Shares of Koninklijke Philips N.V. (Philips) were 27.6% higher, as the Live segment of the CE 100 Index was 4.2% higher.
The company said comparable sales were 2% higher year over year, to 4.1 billion Euros, driven by the Diagnosis...
Private equity companies are reportedly stepping up efforts to compete with banks on low-interest loans.
For example, the Financial Times (FT) reported last week, Apollo Global has increased its long-term forecasts for its lending business, telling investors it expected to be able to originate more than $200 billion a year in new loans, up from $150 billion.
Apollo Co-President Jim Zelter said...
What if Apple’s voice assistant Siri “was really, really, really good?”
That question is at the heart of much of the tech giant’s artificial intelligence (AI) research, according to a report Sunday (May 5) by The Verge reviewing those efforts.
For example, a team of Apple researchers has been trying to develop a way to use Siri without having to use a wake word.
Rather than waiting for the user...
Cryptocurrency startups are reportedly engaging in aggressive fundraising as the digital asset space recovers.
As Bloomberg News reported Saturday (May 4), this approach entails an open-ended form of fundraising that keeps money flowing and fast-tracks valuations. It’s the opposite of the standard venture capital strategy of low-key rounds spaced out over years.
“When a deal is very...