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When two regional banks merge, it’s not just their balance sheets that combine. It’s their digital ambitions and competitive strategies, too.
The latest and among the most consequential example came Monday (Oct. 6) when Fifth Third Bancorp announced plans to acquire Comerica in an all-stock transaction valued at $10.9 billion, creating the ninth-largest bank in the United States by...
Verizon appointed its independent lead director and former PayPal Holdings CEO Dan Schulman as CEO, effective immediately, saying he will lead the company’s “new chapter of growth.”
Schulman succeeds Hans Vestberg, who will serve as a special advisor through Oct. 4, 2026, and as a member of the board of directors until Verizon’s 2026 annual meeting, the company said in a Monday (Oct. 6...
OpenAI launched a multibillion-dollar partnership with chip designer Advanced Micro Devices (AMD).
The collaboration will see the companies develop artificial intelligence data centers running on AMD processors, according to a Monday (Oct. 6) press release.
“This partnership is a major step in building the compute capacity needed to realize AI’s full potential,” OpenAI co-founder and...
Fifth Third Bank will be the ninth-largest bank in the United States after it acquires Comerica.
The $10.9 billion merger between the lender and the Texas-based regional bank will create an entity with a combined $288 billion in assets, according to a Monday (Oct. 6) press release. The transaction is expected to close in the first quarter of 2026.
The merger will also help Fifth Third...
Personal styling service Stitch Fix has launched an artificial intelligence (AI)-powered visualization tool.
Stitch Fix Vision, announced Monday (Oct. 6), gives customers personalized imagery of their likeness in an array of shoppable outfit recommendations based on their style profile and the newest fashion trends.
“When Stitch Fix launched nearly 15 years ago, we disrupted the retail...
PayPal is letting American customers earn 5% cash back through its pay later program.
The offering, in effect now for the remainder of the year, is designed to offer PayPal Buy Now Pay Later (BNPL) users more financial breathing room during the holiday shopping season, the company said Monday (Oct. 6).
“Our customers seek payment options that make holiday shopping easier and more...
Watch more: Monday Conversation: Misfits Market, Abhi Ramesh
There’s a lot more to the Misfits Market story these days than ugly food. What began with misshapen carrots and off-size avocados has grown into a full‑stack grocery and logistics platform that now sells household essentials. and increasingly looks like a new model for how perishable commerce works online.
Misfits Market’s...
Watch more: Need to Know: Fifth Third Bank, Robert Norman
Cash still matters in a digital economy. Much of the world has gone digital, yet for millions of consumers, cash remains a critical payment method. It still accounts for roughly 30% of tender, particularly in small, everyday purchases where it is fast, familiar and universally accepted.
Robert Norman, senior vice president of...
Paper checks have long been a fixture in U.S. government disbursements, but their days are numbered. President Trump’s recent executive order mandating the phase-out of paper checks in federal payments aims to modernize fund flows from agencies and contractors.
The shift is more than efficiency. As check fraud remains one of the most exploited vectors in payments, moving government...
To prosper, economies need catalysts. Catalysts aren’t just entrepreneurs with bright ideas. They’re people who stick their necks out when the odds are long and paybacks are uncertain.
But every great advance starts with someone willing to take a chance.
Bucking the Four-Star Generals
Procter...