Shopify will cut 10% of its staff, with most workers gone by day’s end
Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce Tuesday, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly coming out of the Covid-19...
View ArticleFiserv innovates via acquisitions, investments
Core provider Fiserv continues to seek innovation opportunities for its customers through acquisitions and organic investments. "These investments and accelerated revenue growth resulted in higher...
View ArticleTransactions: Visa teams up with fintech Wex
Visa reached a multiyear agreement with fintech WEX to “enable their travel, health and corporate clients to make payments using Visa virtual card capabilities,” Visa Chief Executive Al Kelly said...
View ArticleJack Henry teams up with Victor Technologies and MVB Bank on RTP
Core provider Jack Henry announced a partnership this week with MVB Edge Ventures subsidiary Victor Technologies and MVB Bank to integrate a real-time payments (RTP) solution that improves the bank’s...
View ArticleVisa, Mastercard swipe fees targeted in planned Senate bill
Two US senators plan to introduce legislation as early as this week that would give merchants the ability to route Visa Inc. and Mastercard Inc. credit-card transactions over alternative networks. The...
View Article3 considerations fintechs are exploring for payment cards
The recent explosion of fintechs entering the market is evidence of a rapidly changing financial sector, offering new solutions to consumers who are looking for more convenient ways to use their money....
View ArticleAmEx launches cross-border B2B payments
American Express today launched American Express Global Pay, enabling its U.S. small business clients to securely send business-to-business (B2B) payments both domestically and internationally, joining...
View ArticlePayPal, SoFi increase tech spend YoY in Q2
PayPal Holdings increased its technology and development spend while focusing on talent acquisitions in the second quarter. The payments company’s tech and development spend climbed 9% year over year,...
View ArticleAstra partners with Visa for real-time transfers
Payment platform Astra announced today that it will partner with Visa to enable faster funding to new accounts and allow users to move funds across accounts in real time with the Visa Direct money...
View ArticleUS Bank launches real-time payments for dealers
U.S. Bank is expanding real-time payments (RTPs) to auto dealers, accelerating funding time and allowing dealers to access loan funds outside of normal business hours. Both large-scale dealer groups...
View ArticleBuy-now-pay-later firms switch from Gen Z shoppers to businesses
Fresh from their shake-up of Gen Z’s shopping habits, buy-now-pay-later firms are now targeting business payments as the next sector ripe for disruption. Startups such as Billie, Mondu, Tranch and...
View Article4 Things Consumers Expect from a Payments System
Consumers are empowered to do almost everything themselves online or via mobile—from comparing prices to checking in at the airport. Where there’s a will, consumers want a way, and that includes...
View ArticleInside payments fintech Highline’s auto expansion plan
Payments fintech Highline Technologies is looking to expand into auto loan payments on the heels of raising $13 million in series A funding this week. Plano, Texas-based Highline, founded in 2020, is...
View ArticleFintech Funding: Capital on Tap secures a $237M credit line
Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 trillion JPMorgan and investment firm Triple Point. The U.K.-based fintech provides fast funding to small...
View ArticleCash is king for South African banks planning digital transition
South African banks see physical money remaining key to their business as almost a third of their customers aren’t ready to go cashless, according to a survey. While 86% of people already use digital...
View ArticleLessons learned from Cash App breach
Peer-to-peer payments tool Cash App and its parent company, Block, failed to take necessary precautions to protect the data of 8.2 million customers after a former employee downloaded their information...
View ArticleKlarna’s sales and losses grow as it builds US business
Klarna Bank AB said losses more than trebled in the first half of the year, ahead of a cost-cutting drive that’s set to temper its rapid international growth. The Stockholm-based fintech reported an...
View ArticleBayCoast Bank taps Corserv to automate credit-decisioning
BayCoast Bank is collaborating with alternative card provider Corserv on a credit card program to offer ePayables, automated credit-decisioning, sales and servicing portals, transparent reporting and...
View ArticleHighline taps Argyle for direct payments
Payments fintech Highline announced that it has extended its partnership with employment data platform Argyle to extract payments from direct deposit rather than checking or savings accounts. The...
View ArticleDesigning a Useful, Usable, and Desirable Digital Payments Experience
We’ve all heard the term user experience (UX) a lot in recent years, but what does UX actually mean for financial institutions and their digital payments platforms? In this article, we’ll let you know...
View Article