OpenAI says it is acquiring Astral, a startup that creates Python tools for developers. The deal, announced Thursday (March 19), is part of the company’s increasing focus on coding, and is designed to integrate Astral’s team with OpenAI’s Codex project. “Our goal with Codex is to move beyond AI that...
J.P. Morgan Payments and Mastercard have launched a new virtual card in Europe. The new offering is designed to support traditional accounts payable needs in industries such as insurance, healthcare, travel and commercial real estate, the banking giant said in a news release provided to PYMNTS on Wednesday (March...
JPMorgan and other banks stopped a $5.3 billion debt deal for software firm Qualtrics International after investors in the leveraged loan and junk bond markets declined to participate, Bloomberg reported Tuesday (March 17). The report attributed the halt of the deal, which was in early...
There’s a fundamental flaw in how many observers view the stablecoin boom. There’s an assumption that the ability of stablecoins to improve settlement is equivalent to replacing the payments experience. The logic, after all, appears straightforward: if stablecoins enable faster, cheaper, always-on settlement, why would...
Secure connectivity firm Tailscale has acquired privileged access management (PAM) firm Border0, Tailscale said in a Tuesday (March 17) blog post. This acquisition adds Border0’s solutions for managing access to sensitive infrastructure such as production systems and Kubernetes to Tailscale’s solutions for secure connectivity, according...
Reviews website Trustpilot is reportedly seeking partnerships with eCommerce giants amid the rise of AI-powered shopping. “If you imagine AI agents are out there doing the shopping, they want to know as much as possible about different businesses, and the best AI agents will be...
Video editing software company MotionVFX says it has been acquired by Apple. “For over 15 years, we’ve been on a mission to create world-class, visually inspiring content and effects for video editors,” the company said on its website Monday (March 16) “From the very beginning, we’ve been all about...
Visa has expanded its partnership with payments and financial technology provider Fiserv. The collaboration, announced in a news release Monday (March 16), introduces what Visa calls a “unified, API driven acceptance layer” aimed at simplifying integration for acquirers and helping merchants boost authorization rates, prevent fraud and improve customer...
Truist Financial has teamed with Plaid to expand open banking access for its clients. The data access agreement is designed to give customers better financial control and insights, Sherry Graziano, Truist’s head of digital, client experience and marketing, said in a Thursday (March 12) news release. “This is...