Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle
Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a direct swipe at the economics that have made Circle and Tether the dominant issuers in the sector. […]<br /> This story continues at The Next Web [...]
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Visa is introducing a new security framework designed to solve one of the thorniest problems emerging in artificial intelligence-powered commerce: how retailers can tell the difference between legitim [...]
Visa used Mythos to hunt for bugs in its own payment network, then open-sourced the harness that made it possible
Visa aimed Anthropic's Claude Mythos at the infrastructure behind billions of daily transactions, a network that spans more than 200 countries and territories, moves money in roughly 160 currenci [...]
Mastercard spent decades training its fraud system to see bots as thieves. Now bots are the ones doing the buying.
Every time a Mastercard gets tapped, the network has less than a tenth of a second to judge how likely the purchase is to be fraudulent. It made that call across 175 billion transactions last year. No [...]
Visa launched a stablecoin platform that sent Circle shares tumbling six percent
Visa launched the Visa Stablecoin Platform on Thursday, a new infrastructure product that lets banks and payment processors issue, manage, and settle stablecoin transactions through Visa’s network. [...]
Agent coordination is the missing piece in AI commerce — new AWS and Visa blueprints target the gap
With some needed infrastructure now being developed for agentic commerce, enterprises will want to figure out how to participate in this new form of buying and selling. But it remains a fragmented Wil [...]
Apple, Mastercard and Visa's antitrust lawsuit over payments has been dismissed
Apple, Mastercard and Visa have successfully dodged a lawsuit that claimed the companies were colluding to maintain the current status quo in point-of-sale-payment card services, Reuters reports. The [...]
What AI builders can learn from fraud models that run in 300 milliseconds
Fraud protection is a race against scale. For instance, Mastercard’s network processes roughly 160 billion transactions a year, and experiences surges of 70,000 transactions a second during peak pe [...]
Marble enters the race to bring AI to tax work, armed with $9 million and a free research tool
Marble, a startup building artificial intelligence agents for tax professionals, has raised $9 million in seed funding as the accounting industry grapples with a deepening labor shortage and mounting [...]