US Judge Rules Zelle Must Confront New York Attorney General’s Fraud Lawsuit
A New York judge rejected Early Warning Services' motion to dismiss a fraud lawsuit brought by the state's attorney general against Zelle. The case alleging widespread consumer fraud will now proceed rather than being dismissed before trial.
Verifone Secures Patent for Tamper-Detection Technology in Payment Terminals
Verifone received a U.S. patent for tamper-detection technology that enables payment terminals to independently identify physical interference and hidden card-skimming devices. The innovation, announced July 23, 2026, uses wireless detection methods to identify sophisticated fraud mechanisms.
Hong Kong Eases IPO Rules In Push To Strengthen Listing Hub Status
Hong Kong lowered IPO thresholds for weighted voting rights structures and expanded confidential filing arrangements. These changes aim to attract more listings and strengthen the city's position as a financial hub.
Edenred Upgrades Forecast as Tech-Heavy Strategic Plan Delivers Early Gains
Edenred upgraded its EBITDA guidance for the year based on early results from its Amplify 25-28 strategic plan. The company operates digital solutions for employees, fleet managers, and corporate payments across 44 countries.
Flex Seeks Bank Charter to Scale Flexible Rent Payments
Flex Finance submitted applications to the FDIC and Utah Department of Financial Institutions to establish Flex Bank, a state-chartered industrial bank. The company aims to use the bank charter to expand its Flex Rent product, which offers flexible rent payment options.
This Week in Stablecoins: Visa, Goldman and Samsung Raise the Stakes
Visa launched a new Stablecoin Platform that enables financial institutions, FinTechs, and crypto companies to participate in stablecoin issuance and settlement. Goldman Sachs and Samsung also entered the stablecoin market this week, signaling traditional corporations' growing interest in the business.
World Foundation Raises $52 Million as AI Drives Demand for ID Solutions
World Foundation raised $52.5 million by selling WLD tokens with a one-year lockup to strategic investors. The funding will expand World ID technology access to organizations, consumers, and AI agents.
Businesses Are Borrowing Again and Regional Banks Are Cashing In
Commercial and industrial loans at KeyCorp increased $2.1 billion, or 3%, during the second quarter. Regional banks including KeyCorp, Regions Financial, and PNC reported growth through new loans, larger credit commitments, and increased use of existing credit lines.
Upstart Receives Conditional Approval for De Novo Bank Charter
The US Office of the Comptroller of the Currency granted Upstart conditional approval to establish a newly formed national bank four months after the company submitted its application. Upstart Bank will operate as a full-service national bank under a de novo charter.
Tasks, not customer tiers should drive bank AI use: Deloitte
Banks should deploy AI based on specific customer tasks rather than segmenting by value tier. Deloitte consultants argue that lower-value customers deserve equal service quality to prevent attrition.
Resilient Shoppers and Confident Small Businesses Drive Enova Lending to Record High
Enova International's originations grew 27% year over year in the second quarter, while its consolidated net charge-off ratio decreased 0.8 percentage points to 7.3%. Consumer spending remained resilient and small businesses reported increasing optimism during the period.
Bitwave Begins Rollout of Agentic Suite to Power Autonomous Financial Operations
Bitwave is rolling out open-source tools from its Agentic product suite designed for AI-native financial operations and accounting. The suite provides accounting, payments, and financial operations infrastructure for organizations in the digital asset economy.
Startup Telli Raises $15 Million to Replace Call Centers With AI Agents
An AI agent builder called Charlie enables B2C companies to create and operate customer-facing AI agents. Telli raised $15 million in seed funding to develop this platform for building, testing, and maintaining conversational agents.
Best-Run Middle Market Firms Turn Uncertainty Into Advantage
In June, 26.7% of middle-market companies operated amid high uncertainty levels. Well-run firms in this segment converted uncertain conditions into competitive advantages rather than viewing them as obstacles.
New Jersey Bans Surveillance Pricing and Freezes Digital Shelf Labels
New Jersey banned surveillance pricing and imposed a one-year moratorium on new electronic shelf labels through the Fair Price Protection Act. The law prevents businesses from using pricing practices that discriminate against shoppers based on personal data collection.
AngelList Introduces Agentic AI Fund Management
AngelList added agentic AI capabilities allowing users to access fund information through Claude, ChatGPT, and Codex. Investors can now query financials, documents, capital calls, and distributions directly from these AI assistants.
Fintech Funding Holds Strong in Q2 2026 as Valuations Hit New Peaks
Fintech venture capital deal value reached $13.3 billion in Q2 2026, demonstrating double-digit growth compared to the prior year and quarter. The number of transactions declined despite this valuation increase, indicating investors became more selective during the period.
Intuit Enters the Corporate Card Market with a Data Advantage
Intuit launched the Intuit Business Credit Card, a Mastercard designed to help small businesses manage spending and access credit. The card allows QuickBooks to extend its services upstream from bookkeeping into the moment business expenses are authorized.
ANNA Money Acquires Business Data Group, UK Business Forums
ANNA Money acquired Business Data Group and UK Business Forums to expand its AI-powered operating system for business management. The acquisition provides ANNA access to BDG's firm formation agents.
Circle Partners with Kakao and Toss Bank to Enable Stablecoin Payment Solutions in South Korea
Circle will test stablecoin payment solutions in South Korea through partnerships with Kakao Group and Toss Bank. The collaborations focus on developing blockchain-powered payment systems designed for the Korean market.
Judge rejects Zelle bid to dismiss lawsuit over fraud losses
A judge rejected Zelle operator Early Warning Services' motion to dismiss a fraud lawsuit filed by New York's attorney general. The suit accuses the payments service of failing to protect users from fraud losses.
Intuit Credit Karma wants to answer the question every PFM app avoids
Intuit Credit Karma launched four AI-powered tools including Debt Assistant, Refund Assistant, and Paycheck Assistant to help users optimize recurring financial decisions. These tools operate on Intuit's Consumer Platform to provide guidance on financial next steps.
Google Cloud Rides Enterprise AI Demand to 82% Growth
Google Cloud's revenue grew 82% year-over-year in the second quarter, driven by enterprise customers purchasing computing capacity and Gemini AI models. Businesses are scaling their generative AI usage from testing phases to paid production deployments.
Uber Co-Founder Kalanick’s Atoms Secures $1.7 Billion to Build Physical AI
Atoms raised $1.7 billion to develop physical artificial intelligence for industrial sectors including mining, construction, heavy transport, and food production. Kalanick describes these as atoms-heavy industries undergoing digital transformation over the next decade.
OpenAI Unveils Product to Hone AI Voice and Chat Agents
OpenAI introduced a product called Presence that helps enterprises deploy AI voice and chat agents for customer support and sales. The product starts with single-job agents, identifies capability gaps after launch, and proposes updates to improve performance.
Dorsey’s Block Turns AI Agents Into Real Employees
Block released Buzz, an open-source platform where employees and AI agents collaborate in shared channels. The platform is model-agnostic, decentralized, self-sovereign, and open source, built to reduce Block's reliance on Slack.
Marqeta and zerohash Enable Stablecoin Spending on International Card Networks
Marqeta integrated zerohash's stablecoin infrastructure into its card issuing platform, allowing customers to embed stablecoin payments into financial products. Organizations can now offer stablecoin payments across international card networks through both new and existing financial products.
Ramp, FIS make AI moves
Ramp launched a tool to manage and monitor artificial intelligence spending across organizations. FIS deployed AI technology to identify and reduce cybersecurity risks for its payments customers.
Bank of America Equips Customer Service Reps With Gen AI
Bank of America enhanced EricaAssist, an AI agent supporting customer service representatives, with new generative artificial intelligence capabilities that deliver relevant insights in under three seconds. The system provides personalized information to representatives during customer calls without interrupting conversation flow.
OpenAI Launches Program to Accelerate Small Business AI Adoption
A program featuring webinars and in-person Academy events teaches small businesses how to use ChatGPT Work for accounting, marketing, and eCommerce. The initiative includes guided instruction and hands-on exercises at OpenAI Academy locations.