Visa plans to cut about 2,600 jobs, roughly 7% of its workforce, mainly in technology and product operations. CEO Ryan McInerney highlighted AI's role in transforming work processes but noted it was not the sole reason for layoffs. The company aims to reinvest in growth areas such as affluent customers, cross-border payments, business remittances, and geographic expansion. Visa will report its quarterly earnings soon, reflecting its strategic shift amid evolving commerce trends and cost management.
Anthropic introduced a blueprint allowing retailers to build AI shopping agents on its Claude platform, with Shopify and Priceline already using it. These agents help customers find products and build carts, reportedly increasing cart sizes by up to ...
Verdera Energy Corp. has agreed to sell its 100% interest in the Treeline Uranium Project in New Mexico to Americas Uranium Corp. for $100,000 in cash and $2 million in shares payable over 36 months, plus royalties. The project has historical uranium...
The Amplify Digital Payments ETF (IPAY), focused on the digital payments sector, has significantly underperformed the S&P 500 over the past five years, posting losses in four of the last six years. Its top holdings include major payment processors li...
Visa has introduced an enhanced version of its account-to-account (A2A) fraud prevention tool, A2A Protect, which uses AI and transfer learning to provide real-time risk insights. This tool helps banks detect and stop fraud before funds leave custome...
