Microsoft reached a market valuation of $3 trillion on Wednesday (Jan. 24), consolidating its position as one of the largest public stocks. The tech giant’s stock rose by 1.6% to $405.13, Bloomberg reported Wednesday. Although Microsoft briefly surpassed Apple, the first company to reach the $3 trillion mark, it has since traded places with the iPhone maker, according to […]
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As hardware and software companies alike look to drive recurring, reliable revenue, HP CEO Enrique Lores aims to make printing a subscription-based service. But it is unclear whether consumers are willing to shell out every month for something they are doing less and less. Lores told CNBC in a recent interview that the company’s “long-term […]
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Over a long enough horizon, challenges represent opportunities for innovation, improvement and growth. That’s the case even when those challenges stem from behaviors that appear to be intractable, like the unavoidable prevalence of paper checks and legacy payment methods within the B2B payments ecosystem. But while progress within B2B payments may not be linear, it is […]
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Mastercard has launched the Mastercard Biometric Authentication Service, a solution aimed at enhancing security and convenience for consumers. The service leverages biometrics, such as fingerprints, iris scans and facial recognition, to verify identity and secure personal data, the company said in a Wednesday (Jan. 24) press release. “We are working with our partners around the […]
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The Consumer Financial Protection Bureau proposed a new rule to prevent banks and other financial institutions from charging non-sufficient funds fees on transactions declined in real time. Under the proposed rule, financial institutions would be prohibited from charging NSF fees on transactions such as declined debit card purchases, ATM withdrawals and some peer-to-peer payments, the […]
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For Apple, the opening of the ecosystem proceeds apace in Europe. With it, however, comes the potential to realize some additional revenue streams. And what happens in Europe, with Apple at the epicenter, may be a harbinger for Big Tech in general, operating on the continent. Last week, Apple made a move to offer competitors […]
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2023 was the year that generative artificial intelligence captured the business world’s attention. Now, in 2024, organizations are determining how to move from sharpening their AI strategies to deploying them. Increasingly, the effective use of AI systems will be what separates the leaders of the pack from the laggards. Enterprise leaders, no matter their function, […]
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Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst managing director Ken Chenault and NFL Commissioner Roger Goodell to its board, the company said Wednesday (Jan. 24) in a news release. The company said […]
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