Helen Li / Wired:
A look at the fintech startups serving small and large US-based cannabis retailers in an industry dominated by cash, as Visa, Mastercard, and others steer clear — In dispensaries, cash is king—and it’s a nuisance for business owners and buyers. Fintech players are entering the fray.
AnnaMaria Andriotis / Wall Street Journal:
Sources: the FTC is investigating whether Visa and Mastercard’s security tokens restrict debit-card routing competition on online payments — The Federal Trade Commission is examining whether the companies’ security tokens prevent online debit-card payments from going over other networks
Ryan Browne / CNBC:
Mastercard announces Crypto Secure, which uses AI to help banks identify and stop transactions from fraud-prone crypto exchanges, powered by CipherTrace’s tech — – Mastercard will on Tuesday launch a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.
Alexandra Muller / Bloomberg:
A wave of foreign buyers are planning to acquire fast-growing British tech companies, including Micro Focus, Avast, and Darktrace, thanks to a weakened pound — A wave of foreign buyers is coming after British technology companies, threatening to rob the UK market of what little exposure it still has to high-growth assets.
Kate Rooney / CNBC:
Mastercard partners with Paxos for a program to let financial institutions offer cryptocurrency trading to their clients — – Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients. — The payments giant will act as a “bridge” …
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney’s other units — Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units
Adele Peters / Fast Company:
GiveDirectly and Google.org are using AI mapping and satellite imagery to find low-income hurricane survivors in Puerto Rico and Florida and send cash payments — Storms worsen inequality. These $700 cash payments can help lessen the blow. — After a disaster like Hurricane Ian …
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