The Latest
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Permission granted by Diem Association
Facebook-backed Diem shifts from Swiss to US jurisdiction
Diem Networks U.S. will register as a money services business with the Financial Crimes Enforcement Network, and Silvergate Bank will become the exclusive issuer of Diem's dollar-backed stablecoin.
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Courtesy of Hannah Stern
Rho Technologies taps Mastercard for new corporate credit card
Rho Technologies is partnering with Mastercard to offer a corporate credit card after teaming with Visa on prior cards.
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Chip Somodevilla via Getty Images
Fed proposes review of debit transaction routing, but leaves fee alone
The Fed will review whether a rule requiring options in routing debit transactions is being followed, but angered merchants when it kept the cost basis for a national debit fee cap unchanged.
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Permission granted by Remitly
Visa invests in Remitly, extends partnership
Credit card behemoth Visa bought an ownership stake in Remitly, a phone app company seeking to build a payments network for immigrants sending money to other countries.
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Jack Taylor / Stringer via Getty Images
Cryptocurrency fuels ransomware payments
The rapid ascent of crypto, like other emerging technologies before it, has challenged the federal government's ability to regulate the new arena.
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Courtesy of Cantaloupe
Cantaloupe expands with crypto, cashless payments partnerships
The company, formerly known as USA Technologies, has teamed up with crypto company Bakkt and manufacturer Castles Technology to upgrade its automated retail machines.
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Courtesy of Amazon
Affirm's 3Q results show increased BNPL demand for travel
As the U.S. economy opens up, Affirm is reporting an increase in customers using its BNPL payment option for travel and ticketing.
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David Paul Morris via Getty Images
Google Pay launches P2P cross-border payments
Google launches cross-border P2P payments from U.S. to India and Singapore in a push to make "complicated processes simple for users."
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Justin Sullivan via Getty Images
Citi considers crypto services, but isn't rushing in
"This isn't a space race," Citi's head of global foreign exchange, Itay Tuchman, told the Financial Times. "There is room for more than just one flag."
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Courtesy of Ian Antonoff
Neobank Lili raises $55M as customer base expands
The fintech, which caters to freelancers and gig-economy workers, raised $55 million after such work expanded during the pandemic.
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Dan Kitwood via Getty Images
NYDIG taps Bridgewater CFO for Bitcoin trading and holding operations
NYDIG have tapped John Dalby as their CFO after announcing their plans to help provide banks with account services for Bitcoin.
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Ki Price via Getty Images
EBay taps Payoneer for cross-border multi-currency payments
EBay aims to ramp up cross-border payments through a partnership with Payoneer after an increase in sales during the pandemic.
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Courtesy of Kroger
Pandemic altered consumers' payment patterns; US lags globally in contactless, study finds
As the pandemic forced consumers to stay indoors, payment patterns pivoted to more digital and contactless, and expectations of secure payments rose, according to a study by Paysafe.
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Courtesy of Amazon
Amazon One palm payment tool expands to East Coast
The technology that lets a shopper pay with a hand scan linked to an Amazon Prime account or credit card has made its debut in NYC's Amazon Go store.
UPDATED: May 10, 2021 at 8:31 a.m. -
Courtesy of CashApp - Square
Square's Bitcoin revenue soars, eyes lending, TIDAL app engagement
After exceeding earnings estimates, Square looks to drive user engagement and individual lending through its CashApp.
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Courtesy of Snap, Inc.
OpinionTransparency, collaboration needed to spot online transaction fraud
False positives in the battle against e-commerce fraud are depriving retailers, credit card companies and payment processors of revenue on legitimate sales, CMSPI's Toby McFarlane said.
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Courtesy of Walmart corporate blog
Walmart gives diverse suppliers option for early payment
The retailer is expanding its early payments program through a partnership with the fintech company C2FO.
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Sean Gallup via Getty Images
PayPal forecasts boom in QR-code payments, plans BNPL expansion
PayPal is betting digital and alternative payment option trends, like BNPL, will persist even after the pandemic subsides.
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Dan Kitwood via Getty Images
FIS links with NYDIG to offer Bitcoin services
The second-largest U.S. merchant payments processor is turning to the fintech firm to help provide banks with account services for Bitcoin.
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Permission granted by Stripe
Payments fintechs lure big bucks in first quarter, report says
The payments industry was a particular magnet for money during the first quarter, attracting more than $6 billion worldwide, a CB Insights report found.
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Tim Boyle via Getty Images
Uplift to offer Southwest Airlines customers BNPL options
As the buy now, pay later trend catches on, Southwest is tapping Uplift to offer customers installment payment options.
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Courtesy of Jimmy Im
Appetize Technologies becomes a player at 15 more stadiums
The company that helps sports stadiums offer mobile and contactless ordering of food, drink and merchandise added five new major league and 10 new minor league venues to its roster as the baseball season gets underway.
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Sean Gallup via Getty Images
Discover pitches identity theft protection services beyond cardholders
Discover is casting a broader net for customers of the service at a time when the COVID-19 pandemic has increased consumer demand for online protection, and put a damper on its mainstay credit card business.
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Daphne Howland/Payments Dive
Macy's workers win battle against mobile app purchases
The retailer can no longer use its Scan and Pay app in departments where employees make commissions, a labor arbitrator has ruled.
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Permission granted by SoFi
SoFi credit card to offer Bitcoin and Ethereum rewards
SoFi is the latest fintech to offer crypto-based credit cards after seeing an appetite for them in the market.
