Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the U.K.’s Payment Systems Regulator (PSR) said in its review of cross-border interchange fees on transactions...
Mistral AI, a European provider of artificial intelligence solutions, partnered with Google Cloud to make generative AI more open and accessible to developers and businesses worldwide. The collaboration uses Google Cloud’s AI-optimized infrastructure to distribute and commercialize Mistral AI’s large language models (LLMs), allowing for...
MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border payment solutions to its global customer base, the company said in a Tuesday (Dec. 12) press...
As grocers increasingly tap contextual commerce, Kroger is making it possible for consumers to place orders for ingredients directly from their ovens’ touchscreens. GE Appliances announced Wednesday (Dec. 13) a collaboration with the grocer, introducing a new feature for select Wi-Fi-connected wall ovens and ranges...
Payments platform Airwallex has launched a partnership with eCommerce platform Woo. The collaboration makes Airwallex an official payment extension of Woo, letting the platform’s 3.5 million stores accept cross-border payments via cards, digital wallets and local payment methods within minutes, the companies said in Wednesday (Dec. 13) press release. “Cross-border...
The European Union’s Artificial Intelligence Act officially reached provisional status Friday (Dec. 8). It took three days and 36 hours of political back-and-forth, but the 27-member nation bloc agreed on world-leading rules for policing the technical innovation that is generative AI. Now comes the hard...
Procurement tool provider Pivot has secured 20 million euros (about $21.6 million) in Series A funding. This funding round comes six months after the firm’s creation and two months after its 5 million euro (about $5.4 million) pre-seed round, Pivot said in a Wednesday (Dec....
Real-time payments have the potential, and the promise, to overhaul all corners of commerce. The recent introduction of the FedNow® System is only the latest entrant in the instant payments realm, and the new rails take their place alongside the six-year-old RTP System offered by...
Visa and Mastercard are under pressure to cap cross-border merchant fees in the U.K. The Payment Systems Regulator (PSR) on Wednesday (Dec. 13) published an update to its review of cross-border interchange fees on transactions between U.K. businesses and the European Economic Area (EEA) and is proposing a cap to protect merchants...
