Payments technology company ACI Worldwide has acquired financial messaging/open banking solutions provider Payment Components. With this acquisition, ACI plans to integrate Payment Components technology into ACI Connetic, its cloud-native unified payments platform, the company announced Monday (Nov. 3). Terms of the deal were not disclosed. “ACI’s acquisition of Payment Components...
T-Mobile is launching its first credit card in partnership with Capital One. The wireless company’s new card will feature no annual fees and 2% in T-Mobile rewards, company officials told Bloomberg News on Saturday (Nov. 1). “It’s not often you get to build a card...
Bending Spoons, an Italian technology company, has agreed to acquire AOL from Yahoo. The acquisition, announced Wednesday (Oct. 29), follows weeks of reports that AOL, a one-time web titan, was up for sale. “AOL is an iconic, beloved business that’s in good health, has stood the test of time,...
PNC Bank and Visa have renewed their strategic collaboration and will further expand the immediate payments capabilities the bank offers its treasury management clients. This collaboration enables PNC Bank’s Treasury Management Platform to access real-time payment rails through Visa Direct and offer PNC clients streamlined...
Visa and United Kingdom-based bank Barclays expanded their six-decade partnership. The new agreement spans issuing and acquiring across Barclays’ retail, corporate, business, United States and private bank businesses, according to a Wednesday (Oct. 29) press release. Visa will continue to support Barclays issued card credentials...
Nvidia is investing $1 billion in Nokia through a partnership with the Finnish tech company. The partnership, announced Tuesday (Oct. 28), involves the addition of Nvidia-powered, commercial grade artificial intelligence radio access network (AI-RAN) products into Nokia’s RAN portfolio. This will allow communication service providers to...
OpenAI has completed its restructuring, pushing longtime benefactor Microsoft’s valuation north of $4 trillion. The artificial intelligence (AI) startup announced Tuesday (Oct. 28) that it had transformed its for-profit arm into a public benefit corporation. The new arrangement gives Microsoft a 27% stake — worth...
Grubhub customers will soon be able to order goods from Instacart’s network of grocery stores and pharmacies within the Grubhub app or website. This capability will be enabled by a new partnership between the two companies, in which Instacart has become Grubhub’s grocery delivery partner,...
Barclays’ consumer banking unit in the United States is set to acquire personal loan platform Best Egg. The $800 million deal between Barclays U.S. Consumer Bank (USCB) and the startup is set to be completed next year in the second quarter, according to a Tuesday...