Deutsche Bank and the World Bank launched a 1-billion-euro (about $1.1 billion) trade finance platform, according to a Tuesday (July 14) press release. The platform is designed to increase access to trade finance in frontier and emerging markets, the release said. “Trade finance is the...
Issuer processor Thredd has turned to Visa to advance its Asia-Pacific cloud strategy. The company announced Wednesday (June 24) the implementation of Visa Cloud Connect in the Asia-Pacific (APAC) region, allowing companies to access Visa’s VisaNet global payment network via a cloud-based infrastructure. “For Thredd, the implementation is part of a...
Bath & Body Works has teamed with Ulta Beauty to bring its products to the retailer’s stores. The partnership, announced Tuesday (June 23), is designed to bring a “curated” selection of Bath & Body Works body care and home fragrance products to more than 600 Ulta Beauty stores around...
Blockchain infrastructure platform Alchemy integrated its artificial intelligence-powered agent card with Visa Intelligent Commerce. The integration is designed to provide AI agents a “complete identity and payment stack” and let them make online purchases on consumers’ behalf, according to a Thursday (June 18) press release....
Payments and data company Deluxe is set to acquire small business-focused payments solution firm Celero Commerce, according to a Thursday (June 18) press release. The $625 million deal is designed to help Deluxe derive more revenue from “higher growth” segments, per the release. It is...
Amazon invested in and launched a partnership with artificial intelligence startup Odyssey, the Financial Times reported Wednesday (June 17). The tech giant took part in a $310 million funding round for Odyssey, which builds AI systems designed to simulate the physical world, the report said....
Users of the European shared mobility platform Bolt will soon be able to use Klarna’s “pay in full” option to pay for car rides, scooters and car rentals. This capability is now being rolled out and will be fully available across Germany, Sweden, Norway and...
French FinTech ID Distribution (IDD) has expanded its partnership with issuer processing platform Thredd as it expands its offerings. IDD’s current offerings include Vaziva, an employee benefits and payments platform that features a card program that helps companies manage and distribute employee benefits, Thredd said in a Tuesday (June 16) press release. Thredd has...
SpaceX will spend $60 billion to acquire artificial intelligence coding startup Cursor. The deal, announced in a regulatory filing Tuesday (June 16), comes soon after SpaceX’s gargantuan initial public offering (IPO). The all-stock transaction is expected to close in the third quarter of the year....