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A new Bank of America solution aims to turn 401(k) assets into a retirement income.
401k Pay, announced Thursday (Nov. 13), is a centralized hub featuring 401(k) recordkeeping, flexible deposit options and advice, designed to help plan participants to set, deposit and track their income throughout retirement.
“401k Pay was developed hand-in-hand with our corporate clients who wanted to...
Paysafe shares sank Thursday (Nov. 13) on the heels of third-quarter earnings results.
Although eCommerce growth was in the double digits, it moderated somewhat. Digital wallets and other product roadmaps also faced headwinds, tempering forward guidance.
CEO Bruce Lowthers told analysts during a conference call that the updated outlook “reflects our current business dynamics and a...
The artificial intelligence agent boom could mark a structural change in how enterprise software is designed, delivered and valued.
Nearly every major platform that powers the back office or customer-facing front end now promises a future in which reliable, semi-autonomous software “workers” can handle everything from invoice processing and forecasting to lead qualification and service...
Mastercard launched a stablecoin-focused partnership with money-movement firm Thunes.
The collaboration, announced at the Singapore FinTech Festival, is designed to speed money movement for banks, payment service providers and end users by expanding stablecoin wallet payout capabilities, according to a Thursday (Nov. 13) press release. This involves Mastercard Move facilitating near-...
Fast delivery startup Gopuff is reportedly raising $250 million in new funding.
The round will value Gopuff at $8.5 billion, the Financial Times reported Thursday (Nov. 13), citing unnamed sources. That’s a decline from Gopuff’s COVID-era peak of $15 billion.
Top competitors to Philadelphia-based Gopuff, including Getir and Gorillas, have merged and exited the United States, the report...
Apple reportedly reached a payments agreement with Chinese tech giant Tencent.
The new arrangement will see Apple handle payments and take a 15% cut of purchases of mini games and apps from Tencent’s WeChat social media platform, Bloomberg reported Thursday (Nov. 13), citing unnamed sources.
The two sides had been negotiating the issue for more than a year, according to the report. The...
The Model Context Protocol, or MCP, is an open standard introduced by Anthropic in late 2024 to make artificial intelligence (AI) systems more useful in real-world business settings. At its core, MCP allows AI models such as Claude, ChatGPT or Gemini to securely connect to business tools, databases and workflows.
This foundational integration layer allows AI to move beyond generating...
U.K.-based consumer payments platform Zilch has raised $175 million in debt and equity.
The new funding will go towards marketing efforts, product development and improvement to Zilch’s platform, as well as exploring merger and acquisition possibilities, the company said in a Thursday (Nov. 13) news release.
Launched in 2020, Zilch’s offerings include virtual and physical credit cards...
Watch more: The Digital Shift: Block’s Owen Jennings
When Owen Jennings joined Cash App a decade ago, it was a simple way to send money to a friend. Now it’s one of the largest consumer finance platforms in the country, home to the fourth largest debit card program in the United States and millions of customers who treat it as their primary bank account, he told Karen Webster.
That...
The past decade has transformed cross-border payments from a slow, opaque process into one that is faster, cheaper and increasingly transparent.
Yet the dream of seamless global transactions that are instant and low-cost remains aspirational. The biggest culprit is a patchwork of regimes that has introduced complexity and fragmentation even as new technology, functionalities,...