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JPMorgan Chase and Apple are reportedly close to reaching a deal in which the bank would become the tech giant’s credit card partner.
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The companies have been negotiating since early 2024, and those talks have accelerated, the Wall Street Journal (WSJ) reported Tuesday (July 29), citing unnamed sources.
The report added that a deal has not been signed, and the...
PayPal Holdings Inc. used its Q2 earnings call to talk less about inflation or consumer spending softness and more about the tactics it says will secure its place at the virtual and in-store cash register. Chief Executive Alex Chriss laid out a five-point plan — digital wallet reach, BNPL, agentic AI, debit expansion and crypto rails — that shaped the discussion even more than the company’s 5%...
FinTechs are maturing, evolving and consolidating, creating new growth opportunities.
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While headlines can often spotlight layoffs and down rounds, SoFi’s second-quarter 2025 earnings call Tuesday (July 29) saw executives share a different story with investors, one not only showcasing a company firing on all cylinders, but also serving as a potential bellwether for the...
Mastercard has introduced a pair of solutions designed to enhance virtual card use.
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The company on Tuesday (July 29) announced it had launched “widescale global availability” of Mastercard Receivables Manager, an automated solution aimed at making virtual cards more efficient, secure and cost-effective for businesses to accept.
In addition, Mastercard introduced...
Microsoft and OpenAI are reportedly in advanced talks on a deal that would give Microsoft continued access to OpenAI’s technology after that company achieves artificial general intelligence (AGI).
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Under the companies’ current deal, Microsoft would lose access to any new technology from OpenAI when that company’s board determines it has developed AGI, Bloomberg reported...
Peloton is reportedly launching a national expansion of its bikes/treadmill resale marketplace.
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A pilot version of this program yielded about three dozen sales in the last two months, and now the connected fitness company is expanding the marketplace on a national scale, Bloomberg News reported Tuesday (July 29).
The Repowered Marketplace, first announced in June, lets...
Intuit has introduced updated automated accounting features for its QuickBooks product.
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The new enhancements are designed to offer companies the use of artificial intelligence (AI) automation to help eliminate the use of “multiple disconnected tools,” Intuit said in a news release Tuesday (July 29).
“As businesses grow in size and complexity, we know that they need a...
Cash App has begun rolling out a new feature designed to facilitate group payments for things like vacations and wedding gifts.
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Dubbed “Pools,” the new peer-to-peer payment feature allows users to create a pool, request contributions within the app or by sending a text or a link, track the contributions, close the pool at any time and transfer the balance to their Cash...
Navan announced Tuesday (July 29) that it has partnered with American Express to offer unique virtual card numbers with embedded expense controls for U.S. business and corporate cards.
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When travelers make bookings with their American Express card on Navan, a travel booking and business expense platform, their real card numbers won’t be used. Instead, new numbers linked...
With sales falling, Apple is reportedly closing a store in China for the first time.
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Apple’s store at the Parkland Mall in Dalian City will close Aug. 9, Bloomberg News reported Tuesday (July 29), citing a statement from the company which said a changing landscape at the shopping complex was behind the decision.
According to Bloomberg, Apple has around 56 stores in the...