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…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told…
Tim Cook, Elon Musk, Steve Schwarzman spotted at Xi Jinping dinner with U.S. CEOs
Apple CEO Tim Cook, Tesla chief Elon Musk and Blackstone’s Steve Schwarzman were among the guests Wednesday night at a…
UK launches £1 billion fintech fund to compete with Silicon Valley
The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a…
The fight over a bill targeting credit card fees pits payment companies against retailers
A bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors —…
