PYMNTS News

Valon Hits $2.3 Billion Valuation as Mortgage Servicers Swap Mainframes for AI

Valon Hits $2.3 Billion Valuation as Mortgage Servicers Swap Mainframes for AI
Valon Hits $2.3 Billion Valuation as Mortgage Servicers Swap Mainframes for AI
October 05, 2026  |  Investments

Valon Technologies raised $150 million in a Series D funding round to accelerate the deployment of its artificial intelligence (AI) platform for mortgage servicing, the...

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Small Businesses Skip the Cross-Border Plumbing Big Companies Can’t Escape
Small Businesses Skip the Cross-Border Plumbing Big Companies Can’t Escape
October 05, 2026  |  Cross-border Payments

Conventional wisdom says large corporations should dominate cross-border payments. They have global banks, treasury teams, negotiated FX rates, sophisticated treasury management system (TMS) platforms and...

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Physical AI Builder RobCo Doubles Valuation to $1 Billion
Physical AI Builder RobCo Doubles Valuation to $1 Billion
October 05, 2026  |  Artificial Intelligence

RobCo, a builder of autonomous industrial robotics, topped a $1 billion valuation in an employee secondary share sale, the company said in a Monday (Oct....

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Businesses Finding It Harder to Predict AI Spending
Businesses Finding It Harder to Predict AI Spending
October 05, 2026  |  Artificial Intelligence

Companies are reportedly finding it increasingly difficult to forecast their AI spending. That’s according to a report Monday (Oct. 5) by The Wall Street Journal (WSJ), which...

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OpenAI CEO Says AI’s Benefits Are Worth ‘Bad Things Happening’
OpenAI CEO Says AI’s Benefits Are Worth ‘Bad Things Happening’
October 05, 2026  |  Artificial Intelligence

OpenAI’s CEO says the benefits of artificial intelligence (AI) are worth some of its risks. Sam Altman made that argument Sunday (Oct. 4) in an interview with Politico’s...

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Basware Acquires Trustpair for Fraud Prevention
Basware Acquires Trustpair for Fraud Prevention
October 05, 2026  |  Fraud Prevention

Invoice lifecycle management Basware has completed its acquisition of payment fraud prevention platform Trustpair. “The acquisition extends Basware’s invoice lifecycle management capabilities all the way to the payment...

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AWS Says Banks Face a 24/7 Payments Balancing Act
AWS Says Banks Face a 24/7 Payments Balancing Act
October 05, 2026  |  Real-Time Payments

Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive...

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Going Global Exposes Payments’ Weak Spots
Going Global Exposes Payments’ Weak Spots
October 05, 2026  |  Cross-border Payments

Watch more: Need to Know With Spreedly’s Nick Daley Selling in another country can force a merchant to find out how much growth its payments...

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