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Mastercard and payment gateway provider HyperPay have partnered to issue commercial cards in Saudi Arabia, the United Arab Emirates and Qatar.
The commercial cards will be launched in Saudi Arabia and later expanded to the UAE and Qatar, the companies said in a Wednesday (Sept. 17) press release.
The collaboration aims to serve small and medium-sized businesses (SMBs), helping them...
The House of Representatives will reportedly start using Microsoft Copilot, more than a year after banning congressional staffers from using the artificial intelligence (AI) chatbot.
Now, both members and staffers will have access to Copilot with “heightened legal and data protection,” Axios reported Wednesday (Sept. 17), citing an announcement it received.
According to the report, a...
PayPal and Google are collaborating on agentic shopping and commerce experiences and other initiatives to advance agentic commerce.
These initiatives are part of a new multiyear strategic partnership between the companies, they said in a Wednesday (Sept. 17) press release.
With the combination of PayPal’s global payment infrastructure, personalization and identity solutions and Google’...
The U.S. Federal Reserve’s quarter-point interest rate cut, a move widely expected after months on pause, offers a glimmer of hope for U.S. households, but it remains to be seen how quickly, and how deeply, relief will be felt in everyday budgets, especially for the more than two-thirds of consumers living paycheck to paycheck.
Consumer finance data and PYMNTS Intelligence reporting...
Oracle’s $300 billion agreement to provide cloud services to OpenAI beginning in 2027 is one of the largest technology contracts on record.
According to The Wall Street Journal, the five-year deal secures vast amounts of computing power and requires 4.5 gigawatts of electricity, roughly equal to what 4 million U.S. homes consume.
The size of the contract reflects how artificial...
Fitness tracking app Strava is reportedly set to hear pitches from investment banks for roles in the company’s initial public offering.
The company could launch its IPO in early 2026, though that depends on market conditions, and it has not finalized the amount it plans to raise or the valuation it will seek, Reuters reported Wednesday (Sept. 17), citing unnamed sources.
Strava did not...
MoneyGram plans to launch a new stablecoin-based solution for cross-border finance in Colombia and then expand it to additional markets.
The solution will be available to customers in Colombia in an upcoming version MoneyGram’s mobile app, for which a waitlist is now open, the company said in a Wednesday (Sept. 17) press release.
It uses a digital, U.S. dollar-backed stored value...
Spend management platform Clara has launched a partnership with crypto-focused financial services firm Bitso.
The collaboration, announced Wednesday (Sept. 17), will see Clara work with Bitso Business, the company’s B2B arm, to launch stablecoin-backed payments and corporate cards for businesses in Latin America.
“This collaboration enables companies holding stablecoins in Bitso to use...
Investment fund advisers will have another year to comply with amendments to Form PF, a confidential reporting form used by some private fund advisers.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said in a Wednesday (Sept. 17) press release that they extended the compliance date to Oct. 1, 2026.
The extension included in this final...
New U.S. port fees are set to be charged on Chinese ships beginning Oct. 14, but U.S. businesses are reportedly uncertain who will ultimately pay them.
Carriers say they don’t plan to pass on the costs to importers and exporters, but some businesses are concerned that may change, The Wall Street Journal (WSJ) reported Wednesday (Sept. 17).
The report noted that a reduction of trade...