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Executive Order Seeks Faster, Safer $175 Billion in Government Disbursements
The size and scope of paper checks sent in the service of government benefits and payments is staggering — even if those transactions are a relatively slight sliver of overall disbursements. The Fed...

Anthropic Inks Deal to Bring Its AI Model to Databricks Platform
Artificial intelligence (AI) company Anthropic has launched a five-year partnership with data/artificial intelligence (AI) firm Databricks. The collaboration, announced Wednesday (March 26), will brin...

US Treasury Readying ‘Substantial’ Round of Layoffs
The U.S. Treasury is preparing sweeping layoffs, the latest in a series of federal job cuts. That’s according to recent court documents flagged in media reports Wednesday (March 26), stemming from a...

TreviPay Adds Advanced Purchase Controls to B2B Payments Network
TreviPay has added advanced purchase controls to its B2B payments and invoicing network. This new functionality allows TreviPay clients to configure, automate and enforce customized B2B purchase polic...

Dollar Tree Sells Family Dollar to Private Investors for $1 Billion
A decade after acquiring Family Dollar for more than $8 billion, Dollar Tree is selling the chain. A pair of private equity groups will acquire Family Dollar for $1 billion, according to a Wednesday (...

Three Macro Trends in GenAI for Financial Services
Generative artificial intelligence (GenAI) and agentic models are revolutionizing financial services, transforming user experience, fraud detection, payments innovation and compliance processes, accor...

Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo
Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo. The company is in discussions to obtain a bridge loan of up to $2 billion for the deal...

Block Cuts 8% of Staff Citing ‘Strategy’ and ‘Performance’ Reasons
Financial services company Block has reportedly laid off 8% of its workforce. The job cuts impact 931 people, TechCrunch reported, citing a Tuesday (March 25) email from Block Co-founder and CEO Ja...

Legacy Systems vs Digital Demands: The B2B Payments Dilemma
There’s a paper jam happening along the B2B innovation journey. While automation has made significant inroads in certain aspects of business operations, the payments process remains largely fragment...

Fitting the Bill: How Automated Bill Presentment and Payment Are Transforming Business
Bill pay is a routine fact of life for consumers, but this everyday practice is often fraught with inconvenience, costs and risks. For the many companies that still rely on paper-based billing and pay...