Technology
Ramp takes on AI expense
Enterprise AI spending is rising as a share of budgets, and Ramp has launched Router, an AI routing tool aimed at providing cost visibility and optimization control. Based on an exclusive interview with Ramp executives, this article analyzes the product's positioning, routing decision logic, and the industry's future.
Stripe taps new stablecoin executive
Stripe has hired Drew Turchin to lead its stablecoin card business. Turchin announced the news on social media last week, having previously served as head of business development at Uniswap Labs and Native Markets.
ACI buys UK payments tech firm
ACI Worldwide has agreed to acquire UK payment technology company Cranium Ventures, which focuses on cloud-based card processing tools. The acquisition aims to accelerate the expansion of ACI's own card payment technology (launched in March), with the transaction expected to close by the end of September, and terms not disclosed.
Beyond the booking: How Navan scaled global card issuing with embedded finance
Navan partnered with Adyen to enable global multi-currency card issuing through a single financial infrastructure, covering the US, UK, and EU, with transaction volume exceeding €1 billion, serving over 3,800 corporate clients, and achieving a 99.9% transaction success rate.
Priority Tech buys IntelliPay for up to $15M
Priority Technology Holdings announced on Wednesday the acquisition of IntelliPay for $11.5 million, including a two-year performance-based earnout clause of up to $3.5 million. The acquisition will help Priority expand into the government payment vertical market and add approximately $4 million in revenue.