The Latest
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Courtesy of Walmart
Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'
The mega-retailer is the exclusive partner on a new Roku feature that allows people to purchase products by clicking on ads with their remote.
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Courtesy of Mastercard
Mastercard expands sonic branding with 'Priceless' album
The multi-artist album, a first-time marketing move by the card company, features original songs that incorporate Mastercard’s brand sound.
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Discover eyes benefits of downturn
As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.
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OpinionFriendly fraud: How should fintechs view the risks?
With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.
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Tipalti spearheads digitization in middle market
B2B fintech Tipalti aims to scoop up some additional businesses as startups struggle with a slowdown in equity funding.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB urges standardization in BNPL credit reporting
The agency isn’t pleased about the three big credit reporting bureaus taking different approaches to tracking consumer data for buy now-pay later financing.
Updated June 17, 2022 -
Courtesy of Affirm
Affirm takes on BNPL skeptics
Apple's entry into the buy now-pay later market isn't a concern for Affirm, the company's Chief Financial Officer Michael Linford asserted Tuesday.
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Samsung debuts a new digital wallet with crypto
The new wallet will store IDs, cards and crypto, giving the South Korean company more leverage to compete with digital payment apps from tech giants Apple and Google.
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Courtesy of Grubhub
Grubhub adds instant pay option for delivery drivers
Food delivery company GrubHub will make an instant payout option available to its couriers, with an assist from PayPal and Visa, so drivers can deposit earnings to a debit card.
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ChakisAtelier via Getty Images
OpinionCard fees: the price hike nobody is talking about
"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores.
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Startup Metropolis snags $167M to scale
Metropolis Technologies, which uses computer vision and machine learning for parking payments, plans to use the funding to scale, aiming to hire 500 workers by the end of the year.
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Permission granted by PayPal Spokesman Joseph Gallo
PayPal expands BNPL payment options
PayPal is making a bigger move into buy now-pay later financing as competitors in that arena multiply. It will now offer a new monthly payment plan targeted at bigger purchases.
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Payments startups still gaining value, for now
Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence.
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Payrailz gains traction in battle with big rivals
The six-year-old company said it expanded its client base by a third in the first quarter and will double last year’s count to 150 by the end of this year.
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PayPal strives to improve checkout
The company aims to improve the checkout experience for both merchants and consumers, with new services being tested this year, CEO Dan Schulman said.
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Drew Angerer via Getty Images
Block shareholders nix super-voting stock proposal
A shareholder had proposed that Square parent Block eliminate super-voting shares. The proposal didn’t win enough votes at Block’s annual meeting this week.
Updated June 14, 2022 -
Maks_Lab via Getty Images
AffiniPay buys legal software firm MyCase
AffiniPay will link the acquired firm with its LawPay business. The two companies combined are expected to generate about $200 million in annual revenue.
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Jack Taylor via Getty Images
ColumnDon't count crypto out just yet
Cryptocurrency skeptics were undoubtedly delighted by TerraUSD’s collapse last month, but there are plenty of signs already this month that the crypto era is far from over. Maybe it’s just beginning.
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Rostislav_Sedlacek via Getty Images
Chip cards rise 10% last year to 12B globally
That figure was the annual increase tallied this week by EMVCo as part of its work to streamline payment protocols for merchants and improve the security of their transactions.
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Justin Sullivan via Getty Images
Visa sees long runway with cash-to-card transition
For Visa, plenty of opportunity remains in cash-to-card digitization, offsetting any slowdown in consumer spending, CFO Vasant Prabhu said this week.
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Courtesy of Toast
Toast heats up restaurant payments competition
As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say.
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Foundation opines on crypto bill
The Stellar Development Foundation provided its take on this week’s bipartisan Senate bill to create a regulatory framework for cryptocurrencies.
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Green Dot
Green Dot pays Republic Bank $13M to settle suit over failed acquisition
The payout comes atop a $5 million termination fee Republic received in January after Green Dot pulled out of a proposed $165 million purchase of the bank's tax refund processing unit.
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Drew Angerer/Getty via Getty Images
Apple joins BNPL boom
Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.
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Courtesy of One Finance
Customer satisfaction with card apps declines
"When it comes to delivering that level of personalization through high-touch digital channels, most banks and credit card providers are missing the mark," J.D. Power said in a new consumer survey report.
