Alibaba and Ant Subsidiary Pay $600 Million to Settle DOJ Illegal Sales Claims
Alibaba and its payment processor subsidiary agreed to pay $600 million to the Department of Justice for failing to prevent illegal sales on their ecommerce platforms. The settlement resolves allegations that Alibaba.com and AliExpress.com allowed merchants to sell and import illegal pharmaceuticals.
Read full story →Ramp Expands Internationally into Canada
Ramp, a corporate card and expense management platform, launched its services to Canadian businesses this week. The New York-based company previously piloted operations with select Canadian small businesses before this broader Canadian expansion.
Visa Expands Money Movement as Card Spending Accelerates
U.S. payments volume on Visa cards grew 10% year-over-year while the company simultaneously expanded into AI agents, stablecoins, and tokens. Visa is balancing traditional card-based commerce with emerging digital money-movement channels that route transactions through new pathways.
Fenergo Launches AI Agent Orchestration Platform
An agentic AI orchestration platform for banks automates client onboarding, due diligence, and compliance tasks while maintaining human oversight and audit trails. The platform enables real-time risk assessment during routine banking operations.