Visa Inc. today announced an agreement to purchase CyberSource Corp. to help the card brand’s e-commerce growth plans. Visa will purchase CyberSource for approximately $2 billion. The partnership also will help increase consumer use of debit, prepaid and credit products for online purchases, Visa says.
The national bank is releasing an upgraded version of its mobile app to its users in phases after absorbing 780,000 former FirstBank customers last month.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
The Las Vegas bank's deal for Arc Technologies comes three months after Capital One paid $5 billion for AI-native payments firm Brex.
With Robinhood Chain now live, the company is pushing into tokenized equities, stablecoin lending and international markets.
Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.
The order covers the European units of JPMorganChase, Goldman, Citi and Morgan Stanley, and previews what U.S. regulators may eventually demand.
