Airbnb partners with Stripe and Klarna to bolster payments on platform
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How Sezzle's latest BNPL product can fuel profitability push
To keep up the momentum, the BNPL provider launched a Pay-in-2 product so it can expand into new payment categories.
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Financial regulators take Mercado Pago back to earth after its tear through Latin America
Mercado Libre will invest 19 billion reais in Brazil, in part to fund its fintech arm—which poses an enormous threat to the region's banks
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Stripe's demand-driven crypto plans could inspire rival copycats
Despite a tough few months, Stripe is willing to invest in crypto. Industry rivals may need to take note.
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Banking groups call on the SEC to investigate trading misconduct amid increase in short selling
Regional bank stocks are tanking even though their fundamentals are sound. Short selling might be a reason.
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Cash App propels Block to buoyant first quarter even as Square volume falls
Surging Cash App user growth helped drive a buoyant Q1 for Block, but Square's modest performance could highlight that it's neglecting other business areas.
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Concentration vs. competition: Is 4,000+ banks too many for the US, or just right?
There are pros and cons for this large competitive field, and no definitive answer on whether it causes financial instability.
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Stripe enables bank transfers on Uber to tap high-growth rideshare sector
Enabling bank transfers can let Stripe benefit from Uber's global reach, while Uber can give customers more payment options.
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The Fed's findings from its SVB investigation reflect accountability and signal change ahead
Sharing results from its examination of SVB's collapse, the Fed admits it should have done more.
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Consumers' financial concerns could disrupt yearslong cash use trend
Banks and payment providers shouldn't ignore consumers increasingly using cash to combat cost-of-living pressures.
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ChatGPT and Generative AI for Social Media Marketing: Reality, Hype, What's Next, and How to Prepare
Many social media marketers are already experimenting with generative AI tools. However, these tools aren't the solution for every scenario.
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First Republic's Q1 earnings show it's still struggling while other regional banks are on the road to recovery
While most US regional banks have moved past last month's turmoil, First Republic is pulling out all the stops to survive.
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The European Payments Initiative's scaled-back pilot could boost instant payments
EPI will pilot a digital wallet and instant payments system after axing its plans for a pan-European payments network.
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Identity fraud is costing banks big, and it's burdening small banks the most
Small banks often don't have real-time data capabilities. Partnering with a fraud-focused fintech could be a solution.
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Rumored Walmart partnership could reboot Synchrony's growth after underwhelming Q1
After an underwhelming Q1 performance, revisiting a Walmart partnership would play to Synchrony's strengths—but it may have reservations.
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Banks' savings rates are crucial as account switching becomes more common
Cost-of-living pressures and stiffening competition are forcing savers to hunt for better rates. Here's how banks can gain an edge.
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Bank of America's credit card volume slows as consumers rack up debt
Travel and food propped up spending in Q1, but consumers are pulling back amid record-high credit card debt and inflation.
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Generative AI poised to disrupt finance as BloombergGPT rolls out to the company's terminals
Rivals are likely to spring up for Bloomberg's recently unveiled generative AI platform. But they won't have access to its Terminals' data.
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Visa+ brings interoperability to the P2P space, starting with PayPal
Visa+ will connect Venmo and PayPal before expanding to other wallets. Here's what it means for P2P apps.
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A chaotic Q1 suggests US banks' earnings will be muted and outlook uncertain
Even with a booming start, the first quarter of the year quickly became unstable after multiple banks collapsed.
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Walmart's Capital One card lawsuit could put a major portfolio up for grabs
If the deal between Walmart and Capital One is terminated, one of the largest retail portfolios could turn into an industry-leading digital innovation opportunity.
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The benefits issuers enjoyed by offering generous card rewards are fading
Many of the pandemic-era rewards used to entice credit card spending could prove costly for issuers this year.
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IMF calls on global financial regulators to step up supervision of nonbank financial institutions
The IMF published a blog post flagging the risks these unregulated NBFIs pose, and called on regulators to buckle down to contain them.
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Fed rate hike follows theory that banking crisis will ebb soon
And the Treasury Secretary says large withdrawals from regional banks have stabilized. Nevertheless, investors remain skeptical.
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Checkout.com builds out product suite with issuing solution
The solution lets businesses create physical or virtual cards, which can open a new revenue stream for Checkout.com.
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Yellen and the Fed check in after the banking sector's rough week
Secretary Yellen emphasized its stability and endorsed the rescue efforts. The Fed gave a picture of emergency lending.
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Paytechs emerged mostly unscathed from the SVB fallout
Visa, Mastercard, and several paytechs said their businesses were mostly uninterrupted despite ties with the now-collapsed bank.
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Powering the Point-of-Sale: How Providers Are Building Cost-Effective Omnichannel Solutions
We forecast that the US point-of-sale (POS) terminal installed base will grow from 17.3 million this year to 20.2 million in 2026.
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Payment Channels and Types of Transactions: Digitization, Integration, and the Economy
Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority.
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Credit Suisse faces crisis of confidence as banking tumult spreads to Europe
Fears of a global banking crisis aren't going away as Credit Suisse shares nosedived amid investors' shaky confidence in its financial position.
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Mastercard helps Checkout.com facilitate faster payments in Asia-Pacific
It will use Mastercard Send so customers in Australia and Hong Kong can send payments to more than 1.5 billion Mastercard cards.
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Silicon Valley Bank collapse puts lenders on edge and startups at risk
The tech sector that propelled Silicon Valley Bank's growth suddenly lost confidence in its viability. Are other tech-focused banks also in danger?
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MoneyGram taps budding fintech to grow its presence in Jamaica
MoneyGram is working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
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Investment banking profit squeeze forces Citi to think beyond job cuts
Banks are under pressure to slash costs amid weak dealmaking. Citi is cutting jobs but also spending big in a strategy shift.
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BMO and Bill team up to streamline AR/AP for SMB
BMO and Bill launch BMO Bill Connect, which helps SMBs automate bill pay, digitize invoicing, and monitor cash flow.
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AI-powered tools can reshape banking but lenders need to be aware of the risks
Banks recognize the benefits and risks of AI. Planning for regulation, investing now, and educating staff are all key to embracing the tech.
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Brazil wants to build on digital payment success with CBDC pilot
Brazil's central bank launched a pilot of the digital real, with hopes of giving the public access by the end of 2024.
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Goldman Sachs weighs its options for lagging consumer-facing business
But it also isn't ready to give up on the main street consumer. Moving forward, the unit faces many hurdles to overcome its losses.
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Wise addresses cross-border payments friction with two new US offerings
The payments fintech introduced Wise Business cards, which let businesses make cross-border payments at the mid-market exchange rate.
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The technology gap at Black financial institutions is an opportunity for empowering partnerships
Roughly 80% of non-Black credit unions in the US offer online banking services. That number falls to just about half among Black credit unions
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LendingTree addresses consumer debt concerns with Win credit card
The atypical credit card automatically applies rewards to customers' balances—a feature that can be appealing to money-conscious consumers.
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Wells Fargo adds financial planning with a personal touch to its mobile app
Life Sync lets customers adjust their financial goals on the mobile app to get more accurate advice quickly.
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Block will curb spending in 2023 and focus on building out Cash App
Block wants to develop more adjacent services for the Cash App ecosystem, which could help it maintain its Q4 growth trajectory.
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UK banks show strong performance in Q4 but face unique challenges in 2023
UK banks faced unique challenges during Q4 2022. This year, the effects from persistent inflation and the failed mini-budget still lurk.
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Stripe feeds merchant demand for softPOS with Tap to Pay on Android
Stripe launches Tap to Pay on Android a year after it signed on to deploy Apple's Tap to Pay on iPhone.
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Cyber insurance is a hot topic for banks—here's how to make sure it doesn't become a hot potato
The nuances within these cyber insurance policies are complex and expensive. We look at how to make sure they're a good fit before investing in them.
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Klarna highlights US achievements—but there's still room for growth
The US is now Klarna's largest revenue market thanks in part to its app solutions, the Klarna Card, and merchant-facing marketing tools.
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Younger US consumers struggle more with loan repayment than older cohorts
Young people are becoming delinquent on auto loans and credit card payments at a faster rate than older generations.
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How UK contactless payments value grew 50% last year
The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.
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