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EXPLAINED: 3 | Vintage Vibes

The real fight in agentic commerce isn't autonomy. It's authorization

The capability for AI agents to complete purchases has existed for some time. What has been missing is the infrastructure that enables businesses and consumers to trust those transactions.

Mastercard profit beats estimates on strong consumer spending

Mastercard profit beats estimates on strong consumer spending

Mastercard reported better-than-expected second-quarter profits on Thursday. Strong transaction volumes and resilient consumer spending supported the company's financial performance. Gross dollar volume rose eight percent, and net revenue increased fourteen percent.

The Economic Times

Visa Slashes 7 Per Cent of Staff as Leaked CEO Memo Exposes Massive Shift From Humans to AI Tools

Visa Slashes 7 Per Cent of Staff as Leaked CEO Memo Exposes Massive Shift From Humans to AI Tools

Visa is laying off 2,600 employees, focusing on AI-driven efficiency and reinvestment in growth areas, as it adapts to a changing payments landscape.

International Business Times UK

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Elon Musk said money doesn’t matter. Then he rolled out X Money and admitted he’s a ‘former trillionaire’

Musk lost $750 million, nearly the entire combined net worth of the three next richest men: Larry Page, Sergey Brin, and Jeff Bezos.

Beyond Bitcoin: Crypto trends investors should watch over the next 6 months

CoinDCX Co-founder Sumit Gupta writes that disciplined investing through crypto SIPs is replacing market timing. Beyond Bitcoin, structural value is forming across stablecoin payment rails, real-world asset tokenisation led by institutions like BlackRock, and emerging AI agentic commerce infrastructure.

The Economic Times

Payments Giant Visa Cuts 2,600 Jobs as CEO Accelerates AI Push and Global Expansion

Visa plans to cut 2,600 jobs globally as it restructures to focus on AI and high-growth areas, including geographic expansion, amid a challenging digital payments landscape.

International Business Times UK

Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers

Elon Musk's social media company X, previously Twitter, has launched X Money, a bank account-like service for users to send money to each other

The Independent UK

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V Stock Layoffs: What to Know About the Latest Visa Job Cuts

V Stock Layoffs: What to Know About the Latest Visa Job Cuts

Visa shares rally on plans to lower its global headcount by 7%. Here’s how you should play V stock ahead of the company’s Q3 earnings today after market close.

The Erling Haaland boom: Norway's 'pop-up economy' during the World Cup revealed in Visa data

The Erling Haaland boom: Norway's 'pop-up economy' during the World Cup revealed in Visa data

Wherever and whenever Norway was playing, taxidermy raccoon aside, a "pop-up economy" followed.

Visa Is Reportedly Planning To Cut Thousands Of Jobs. AI Played a Role In The Decision

Visa Is Reportedly Planning To Cut Thousands Of Jobs. AI Played a Role In The Decision

Visa is planning to cut thousands of jobs in an efficiency push, according to a new report.

International Business Times

Visa to lay off 7% of staff as efficiency push deepens

Visa to lay off 7% of staff as efficiency push deepens

Visa plans to reduce its workforce by approximately seven percent. This significant job cut will primarily affect technology and product teams. The company cited evolving operations due to artificial intelligence advancements. Visa reported strong quarterly financial results despite these planned workforce reductions. Rival companies like Mastercard and Block have also…

The Economic Times

Elon Musk rolls out new payment platform X Money

Elon Musk rolls out new payment platform X Money

Users can send, receive, or request money from others via X Money

The Independent UK

'The World's Most Powerful Network': X Money Rolls Out, Challenging Venmo, Robinhood, Apple Pay

'The World's Most Powerful Network': X Money Rolls Out, Challenging Venmo, Robinhood, Apple Pay

Elon Musk‘s X Money is no longer a concept — and its latest expansion puts it on a collision course with major players across consumer payments, from fintech cards to bank-backed rails.

Costco Cash Back Rewards: What You Need To Know

Costco Cash Back Rewards: What You Need To Know

Two important things happen to many Costco members in February. First, it is often the month when the Costco membership renewal notification arrives, which may also include the Executive Membership 2% Reward certificate. Second, it is the month when cardholders receive the annual cash-back rewards from the Costco Anywhere Visa®…

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The Economic Times

Can a shop charge you extra for paying by credit card? Here's what every card user should know

Can merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card acceptance rules. Consumers should check final amounts and report unauthorized transactions immediately.

PayPal Rejected a $53 Billion Takeover Bid: Is the Stock Undervalued?

PayPal rejected a $53.4 billion buyout bid from Stripe and Advent International, but its PYUSD stablecoin, Visa integration, and improving fundamentals suggest shares may still be undervalued.

Evening Standard

Fast withdrawal casino: Which UK casinos offer instant withdrawals?

Payout times across UK-licensed casinos have been tested to find the fast withdrawal casinos actually delivering funds in minutes

There's now a Samsung Galaxy credit card with some interesting perks – here's what you get

So there was another Samsung Galaxy product being launched this week, after all

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The Economic Times

Samsung Galaxy Card launches in the US to take on Apple Card: 5% cash back, $200 bonus, no annual fee

Samsung Galaxy Card reward: Samsung has launched its first branded credit card, the Samsung Galaxy Card, in the United States. This new Visa card, developed with Barclays, offers cashback rewards on Samsung purchases and everyday spending. Cardholders can earn up to five percent cashback on eligible Samsung purchases and three…

Samsung Galaxy Card takes aim at Apple Card with way more perks and rewards — here’s what you get

Samsung's new Barclays-issued Galaxy Card aims to challenge the Apple Card by offering loyalists 5% cash back on direct brand purchases and 3% on all mobile wallet transactions.

Agentic commerce is coming—and the battle to build its infrastructure is on

Also: All the news and watercooler chat from Fortune.

International Business Times

The Great Wealth Transfer Has Been Pegged at $105 Trillion. One Study Says That's an Overestimation

A new report estimates that $36 trillion in baby boomer wealth will be transferred to Generation X and millennials over the next 20 years.

The Guardian - UK

Beijing’s message to the world’s tourists: come here and judge China for yourselves

By relaxing visa rules, Beijing has two things on its mind – boosting its economy and improving its self-image, says Center for China and Globalization deputy secretary-general Zichen Wang

Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants

The new platform lets banks and fintechs mint, move, and manage stablecoins directly through its network.

3 Things I Like About the Costco Anywhere Visa by Citi

Kiplinger readers rated the Costco Anywhere Visa by Citi one of their favorites, and I agree.

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