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Startup founder Charlie Javice has been sentenced to seven years in prison for defrauding JPMorgan Chase.
Javice, 33, had been convicted of fraud in March after being charged with overstating the customer base of her student loan financing platform Frank.
According to multiple published reports Monday (Sept. 29), she must also pay $22.36 million in forfeiture and $287 million in...
Squarespace has introduced what it calls an “AI-powered business partner” for entrepreneurs.
Squarespace Beacon AI, announced by the website design platform Tuesday (Sept. 30), is part of a group of products, features and updates under the company’s “Refresh 2025” banner.
“At Squarespace, we know entrepreneurs are navigating a complex digital landscape and looking for guidance on how...
OpenAI reportedly recorded roughly $4.3 billion in revenue for the first half of 2025.
That’s a 16% increase over last year, The Information reported late Monday (Sept. 29), citing disclosures from the artificial intelligence (AI) startup to its shareholders.
The report notes that OpenAI’s cash burn rate for the half year came to $2.5 billion, chiefly related to research and...
Labor shortages, high turnover and shifting consumer habits are reshaping the restaurant industry, and payments are at the center of the transformation. What was once a perk—same-day pay, instant tips and real-time supplier payments—is quickly becoming a survival tool. For operators managing lean budgets and unpredictable staffing, instant payments are no longer optional.
The pressures...
For decades, enterprise resource planning (ERP) systems have promised a single source of truth for finance leaders. But as the pace of business accelerates, many CFOs are finding that their ERP is not built to handle the growing complexity of accounts receivable (AR).
That’s where specialized AR platforms are stepping in, and why finance chiefs are rethinking the way they balance...
Watch more: Working Capital Turns ThredUp’s Resale Engine Into a Flywheel for Growth
In an economy where consumers are stretching dollars and seeking new ways to supplement income, consignment has become a sweet spot. ThredUp, the online resale marketplace, is leaning into that trend.
For sellers, consignments represent an additional stream of income; for buyers, they provide value at...
Mobile wallet use is spreading, but these digital apps aren’t replacing credit and debit cards. They’re burying them.
The PYMNTS Intelligence report “Pocket Revolution: How Mobile Wallets Are Changing Payments Worldwide” found that across 11 countries representing half of global GDP, mobile wallets now handle 35% of online purchases and 21% of in-store transactions. Yet the funding...
Bank of America is using AI to help its Global Payments Solutions team serve clients.
The new Ask Global Payments Solutions (AskGPS) tool, announced Tuesday (Sept. 30), lets employees pose “simple to complex” client queries and get answers within seconds. The tool was created in-house and trained on more than 3,200 internal documents and presentations, such as product guides, term...
Visa is adding stablecoins to its money movement playbook, piloting a way for businesses to prefund cross-border payouts on Visa Direct without tying up cash in traditional accounts.
Announced at SIBOS 2025, the pilot lets banks, remittance firms and other institutions load stablecoins into Visa Direct as a standing funding source for global disbursements. Visa treats those tokens as...
The AI boom’s second act is being financed not just by venture dollars but by borrowing, as companies sprint to build the data centers and buy the chips needed to train and run large language models. That shift is changing who can compete and how quickly and introduces new risks for enterprises buying AI services.
Oracle’s $300 Billion Bet
The most visible example is OpenAI and Oracle’...