Technology
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 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 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.
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 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.
Stripe announced the acquisition of OpenRouter, which routes AI workloads to about 400 models and manages token expenses. The deal, reported at $7.5 billion, includes $1.5 billion for founders. Stripe's CEO highlights the importance of efficient token spending. OpenRouter processes over 10 trillion tokens daily and has seen 10x annual growth since 2023. The acquisition positions Stripe in AI payments and governance.
Stripe's reported acquisition of AI spend management firm OpenRouter could position the payments giant at the center of AI computing procurement and payment, according to industry experts.
Fiserv on Tuesday filed a motion to dismiss a consolidated shareholder class action lawsuit, asserting that plaintiffs have not alleged any securities fraud. The litigation, which began in July 2025, involves claims related to a 73% share price drop and a $92 billion market value loss. Fiserv and four former executives argue the suit is exactly what the Private Securities Litigation Reform Act was designed to prevent.