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The world’s largest bitcoin ATM operator has been temporarily barred from conducting business in Connecticut.
Bitcoin Depot had its money transmission license suspended by the state’s banking commissioner last week due to allegations that it had violated compliance requirements, overcharged customers and failed to refund fraud victims.
The action was reported Wednesday (March 18) by...
The latest producer price data suggest that inflation is no longer being driven primarily by what businesses pay for goods, but by what those enterprises decide to charge as those goods move through the system.
February’s Producer Price Index (PPI) came in above expectations, rising 0.7% for the month and 3.4% year over year, with core prices advancing 0.5% on the month and 3.9%...
The Office of the Comptroller of the Currency (OCC) terminated enforcement actions against four banks in March.
In each case, the OCC said it believes “the safety and soundness of the Bank and its compliance with laws and regulations does not require the continued existence” of the consent order or formal agreement.
The regulator issued an order terminating an April 2024 consent order...
Merchant friction and user confusion are two big barriers holding retail stablecoins back.
Or is it user friction and merchant confusion?
Regardless, the success of stablecoins as a payment mechanism across eCommerce is increasingly coming from platforms that are embedding crypto into mainstream commerce, all without asking anyone to care that it’s crypto.
Shopify, for example, is...
U.S. Bank-owned payments processing company Elavon has named a new CEO.
Wally Mlynarski has been tapped to serve as its chief executive, Elavon announced in a news release Wednesday (March 18).
According to the release, Mlynarski joins Elavon from Bank of America, where he oversaw merchant services and receivables. He had spent seven years with U.S. Bank supporting Elavon, the company...
Firms’ year-ahead inflation expectations increased by 0.2 percentage points to 2.1% in March, according to the Federal Reserve Bank of Atlanta’s March Business Inflation Expectations (BIE) Survey.
That figure is up from the 1.9% recorded in the February BIE Survey but down from the 2.5% recorded in the March 2025 survey.
“Year-ahead unit cost expectations have fallen considerably since...
Crypto’s goal of replacing fiat has never been able to overcome certain roadblocks.
Many of them are operational, not ideological. Stablecoin adoption, for example, has been limited as a standalone system because while the digital assets are able to solve the movement of value problem, they do so in a relative vacuum, and don’t yet solve the coordination problems that impact users,...
Visa is supporting Stripe and Tempo’s Machine Payments Protocol (MPP) by enabling card-based payments for trusted autonomous agent payments.
The company is extending MPP to support card-based payments on its global network and enabling the protocol on the Visa Acceptance Platform, it said in a Wednesday (March 18) press release.
Visa, which is a design partner on MPP, is releasing a...
Microsoft and Google are racing to embed artificial intelligence (AI) directly into their spreadsheet products, and the results suggest that Excel and Google Sheets, not purpose-built AI tools, may become the dominant interfaces for enterprise AI adoption.
With many financial planning teams still running on Excel despite years of alternatives, AI developers are abandoning the strategy...
Alibaba is reportedly increasing its AI and computing storage prices by up to 34%.
That’s according to a report Wednesday (March 18) from Bloomberg News, which says this places the Chinese tech giant among several of its contemporaries hoping to make the most of heavy demand following major tech investments.
The price increases include a 5% to 34% hike on the company’s T-Head...