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Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country.
A banking license from the Central Bank of Argentina will allow Mercado Pago to add more investment tools and new lines of credit, the company said in a Wednesday (May 28) press release.
Mercado Pago has pursued this strategy in...
The Department of Labor’s Employee Benefits Security Administration has rescinded a 2022 compliance assistance release that directed fiduciaries to exercise “extreme care” before adding cryptocurrency options to the investment menus for 401(k) retirement plans.
The language in the 2022 guidance was not in line with the requirements of the Employee Retirement Income Security Act or with the...
India’s government has reportedly sent more than 400 notices to eCommerce platforms and retailers, asking them to remove “dark patterns” that deceive customers.
Dark patterns are manipulative practices that include hidden charges, discounts that create a false sense of urgency and items that retailers sneak into shoppers’ baskets, Bloomberg reported Wednesday (May 28).
The government has also...
Meta is reorganizing its generative artificial intelligence team to accelerate rollouts of products and features as the AI race intensifies.
Meta is splitting the team into two groups, according to reports by Axios and The Information. One group will be focused on products and led by Vice President of Product Connor Hayes. The other group will be an AGI Foundations unit co-led by Head of GenAI...
Walmart added digital tools on its website and app that are designed to help select customers identify over-the-counter (OTC), food and wellness products that can be purchased with their Medicare Advantage supplemental benefits.
The tools include a “benefits program eligible” badge on eligible products, the ability to filter search results to include benefits-eligible items, and a benefits...
Payment tech company Global Payments is selling its payroll business for $1.1 billion.
Global Payments will divest payroll operations to Michigan-based FinTech Acrisure, according to a Wednesday (May 28) press release.
“The divestiture of its payroll business is the latest step Global Payments has taken to further simplify its business and position the company as a leading pure-play commerce...
Artificial intelligence (AI) infrastructure firm Chalk is halfway to being a billion-dollar company.
The startup announced Wednesday (May 28) that it had raised $50 million in a Series A round, valuing the company at $500 million.
“This funding marks a huge milestone and a powerful validation of our vision for real-time AI infrastructure,” Marc Freed-Finnegan, Chalk’s co-founder/CEO, wrote on the...
JPMorganChase is accelerating the rollout of the affluent banking offering it introduced late last year.
Two of these J.P. Morgan Financial Centers opened in late 2024, and now 14 more will officially open this week, the bank said in a Tuesday (May 27) press release.
The bank plans to continue adding J.P. Morgan Financial Centers and to have 31 in operation by the end of 2026, according to the...
Anthropic has begun rolling out voice mode in beta for its artificial intelligence (AI) assistant, Claude.
“Try starting a voice conversation and asking Claude to summarize your calendar or search your docs,” the company said when announcing the feature in a Tuesday (May 27) post on X.
Voice mode in beta is available in English and is coming to all the company’s subscription plans “in the next...
Apple has extended Tap to Pay on iPhone to eight more European countries.
The feature, which enables merchants to use an iPhone to accept in-person contactless payments, was launched Tuesday (May 27) in Belgium, Croatia, Cyprus, Denmark, Greece, Iceland, Luxembourg and Malta, Apple said in a Tuesday press release.
With an iPhone and a partner-enabled iOS app, businesses can accept payments from...