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The U.S. House voted Thursday (July 17) to approve the three bills that are part of Crypto Week.
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In separate votes, representatives passed the CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act, according to the roll call votes portion of the website of the Office of the Clerk of the House of Representatives.
The CLARITY Act passed on a 294-134 vote...
The Bank of England reportedly asked some banks to assess their dependence on U.S. dollars and test whether they could handle a U.S. dollar shock.
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This move came after European Central Bank supervisors made a similar request of lenders in that central bank’s region, Reuters reported Thursday (July 17).
The requests were touched off by concerns that President Donald...
Retail spending in the United States showed signs of resilience in June, with sales rising 0.6% from May and climbing 3.9% versus the same month a year ago, according to data released Thursday (July 17) by the U.S. Census Bureau. The report, based on a survey of roughly 4,800 firms, marks a partial recovery from two months of declines, but hints at changing consumer priorities as Americans...
The summer of 2025 is emerging as a crucible for global retailers.
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Sitting at the intersection of geopolitical headwinds, U.S. tariffs, AI disruption and an increasingly cost-conscious consumer, the question hanging over the retail industry is this: Can anyone thrive when the shopper won’t save them?
While extended sales events like Amazon’s Prime Day and Walmart+ Week...
Blue Remit and TerraPay have partnered to create a remittance experience that they said is faster, more transparent and compliant.
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This collaboration enables real-time payouts to bank accounts, mobile wallets and cards globally, they said in a Monday (July 14) press release.
The solution is enabled by the integration of the digital-first platform of Blue Remit, which is...
PairSoft and Finexio have renewed their partnership allowing users of PairSoft’s procure-to-pay automation and AI solutions to use Finexio’s embedded payments solution for accounts payable (AP).
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The combination enabled by this partnership, which has been in place since 2022, provides AP payments solutions designed for greater operational efficiency, increased digital...
The Clearing House’s RTP® Network processed $481 billion in the second quarter, a 195% increase over the prior quarter.
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“What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February,” the payments service said in a news release Thursday...
Amazon has reportedly cut hundreds of jobs in its Amazon Web Services (AWS) cloud division.
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Those cuts happened Thursday (July 17), Reuters reported, citing two sources. A spokesperson for Amazon confirmed the cuts in a statement to PYMNTS.
“After a thorough review of our organization, our priorities, and what we need to focus on going forward, we’ve made the difficult...
Bitcoin Standard Treasury Co. (BSTR) plans to go public through a business combination with special-purpose acquisition company (SPAC) Cantor Equity Partners I (CEPO), which is sponsored by an affiliate of Cantor Fitzgerald.
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BSTR will launch with 30,021 bitcoin on its balance sheet, which would make it the fourth-largest public bitcoin treasury, the company said in a...
Virginia is launching a pilot program that will use artificial intelligence (AI) agents to streamline regulations — the first such effort in the country — and reinforce the state’s standing as a friendly place to do business.
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Gov. Glenn Youngkin issued an executive order to deploy AI agents to review and streamline Virginia’s regulations. The tool will scan all...