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U.S. Bancorp said Tuesday (Jan. 20) that its payments transformation contributed to its achievement of record net revenue of about $7.4 billion during the fourth quarter.
This payments transformation was one of the bank’s three strategic priorities in 2025, along with organic growth and expense management, according to a presentation released in conjunction with its fourth-quarter...
Google has reportedly seen a surge in sales of its Gemini artificial intelligence (AI) models.
This uptick indicates an improvement in the quality of those models, according to Seeking Alpha, which itself cited a paywalled report by The Information Tuesday (Jan. 20).
This could add more revenue from Google Cloud’s core business of server sales, as the money customers shell out for AI...
Artificial intelligence (AI) could create a never-before-seen scenario in which both GDP growth and the unemployment rate are very high, creating greater inequality, Anthropic CEO Dario Amodei said Tuesday (Jan. 20).
Interviewed by the Wall Street Journal at the World Economic Forum in Davos, Switzerland, Amodei said that these trends are “the signature of this technology.”
“Now, that’...
Amazon’s CEO says White House tariffs have begun showing up in the price of some goods.
The tech giant and many of its third-party sellers bought products ahead of time to fend off tariff-related price hikes, though most of that inventory has since run out, Andy Jassy told CNBC in an interview at the World Economic Forum meeting in Davos, Switzerland on Tuesday (Jan. 20).
“So you start...
For millions of people paid in digital dollar stablecoins, the hardest part isn’t getting the money. It’s using it.
When a freelance designer in Buenos Aires invoices a U.S. client in stablecoins, or when a Nigerian importer settles a cross-border supplier payment in digital dollars, the transaction can feel close to miraculous. Funds arrive in minutes, not days. Fees are measured in...
B2B payments platform TreviPay has debuted its “Pay by Invoice” tool for Visa-issuing banks.
The new offering, announced Tuesday (Jan. 20), is designed to help issuers garner a larger share of the $58 trillion North American B2B payments space.
“For years, banks have been looking for a scalable way to capture the significant share of B2B payments still happening off-card,” said Brandon...
Cross-border payments platform Wise saw growth across its business as it diversified its income, continued building its infrastructure and prepared for a dual listing that will include the United States as well as the United Kingdom.
During the third quarter of its fiscal year 2026, Wise saw year-over-year increases of 25% in gross cross-border volume, which reached 47.4 billion pounds...
KeyCorp’s fourth-quarter results, released on Tuesday (Jan. 20), underscored a bank leaning into artificial intelligence (AI) and automation as tools of execution discipline, with an eye on wider transformation. Management framed technology spending as infrastructure that supports operating leverage as the franchise scales.
Chairman and CEO Chris Gorman said during the conference call...
The so-called “modern” paper check has been around for centuries. Before the United States ever gained its independence, the Bank of England in 1717 was using pre-printed forms.
Fast forward over 300 years, and checks still play a meaningful, even outsized, role in U.S. commerce, particularly for medium-sized businesses. But as comments on a request for information and comment on the...
British financial regulators have cleared an open banking project by the UK Payments Initiative (UKPI).
The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSA) announced Tuesday (Jan. 20) that they will not prioritize a competition investigation into the centralized “access fee” pricing model being developed by the UKPI for commercial variable recurring payments...