Visa debuts a new product designed to make it safer to pay directly from your bank account
Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit…
Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures
Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading…
BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year…
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion…
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall…
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in…
From FedEx to airlines, companies are starting to lose their pricing power
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…
Biden and Xi’s meeting sent an important signal for U.S. business in China
BEIJING — U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom line in…
