Fiserv partners with NYDIG to offer bitcoin services

The Latest

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  Amazon's Prime Day becomes less special as competitors respond with their own deals

  Amazon is destined to sell its own devices and collect new memberships, but competing sales from retailers make the event less attractive to consumers.

  Retail

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  Buy now-pay later drawbacks emerge for consumers, study says

  The BNPL payment option has been gaining traction among users, yet many consumers in the U.S. consider it "financially risky," a new study says.

  Retail

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  Discover makes a crypto move with new hire

  With the hiring of a new manager for blockchain and digital currency, Discover Financial is planting a flag in the card company race to grab a share of money increasingly flowing through cryptocurrencies. 

  Technology

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  Teampay, Mastercard launch digital-first spend management card

  Teampay is partnering with Mastercard to provide a numberless debit card that can generate a 16-digit card number on-demand for individual transactions. The companies created the card to bring corporate users some of the same tech tools available to consumers.

  UPDATED: June 18, 2021 at 9:20 a.m.

  Retail

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  Visa pilots US merchant phone-tap system

  The new payment option allows merchants to convert their android smartphones into POS systems to accept tap payments.

  Retail

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  Global Payments, CDK team to court car dealers

  Companies are racing to sell a new generation of payment technology systems to auto dealerships.  

  Retail

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  BNPL spending to swell to $995B globally by 2026, study finds

  As consumers and merchants alike pivot to buy now-pay later options, money flowing through the channel is expected to quadruple by 2026, a Juniper Research study said. 

  Retail

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  American Express launches business checking accounts

  The card network's subsidiary, Kabbage, initiated the checking account product last summer, before it was acquired by AmEx.

  Banking

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  Gig economy workers gravitating toward faster pay

  The use of digital and mobile payments accelerated during the pandemic and gig economy workers expect to leverage them for better payments options, studies find.

  Retail

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  Column

  How payments became a magnet for money

  The industry was beginning to attract record amounts of venture capital in recent years, but the pandemic's impact super-charged the trend. 

  Banking

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  American Express outpaces rivals in digital satisfaction: J.D. Power study

  Credit card apps experienced a rise in customer satisfaction as financial institutions innovated during the pandemic, according to the research.

  Retail

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  Citi's new 5% cash-back card signals an industry rebound

  The world's top card issuer rolled out its new card last week days after Wells Fargo launched a new product, showing the card industry is ready to rebound from a relatively muted 2020.

  Banking

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  Discover reaps Marqeta IPO windfall

  With its Marqeta stake now worth about $800 million, Discover Financial said it will "accelerate" increased spending on marketing in the highly competitive card market.

  Retail

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  Klarna raises $639M, eyes international expansion

  Klarna, now with a $45 billion market valuation, aims to expand its global market share and in-store buy now-pay later options.

  Retail

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  Socure gears up for IPO, perhaps sooner than expected

  The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.

  Risk

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  Airbase raises $60M, aims for larger clients

  Airbase plans to use the new capital to upgrade its products in a crowded expense management space.

  Retail

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  Toast buys xtraChef for back-office payments and operations management

  The acquisition will allow the point of sale (POS) company to offer insights into profitability by menu item, automation and intelligence tools to streamline tasks like accounts payable, managing inventory and tracking margins.

  Retail

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  Clair attracts $15M for its on-demand pay play

  Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.

  Retail

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  'Super-apps' are the next evolutionary step for financial services

  As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.   

  Retail

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  Marqeta IPO shares pop 13% on first day of trading

  Marqeta, which counts payments technology company Square as its largest customer, raised $1.23 billion from the initial public offering.

  UPDATED: June 10, 2021 at 8:42 a.m.

  Retail

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  Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security

  Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.

  Retail

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  Amazon card portfolio up for grabs with bids from AmEx, Synchrony

  JPMorgan Chase, the nation's largest bank, may reportedly be ready to part with the Amazon portfolio it has worked with since 2002.

  Retail

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  Walmart makes cash payment options more efficient

  The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.

  Retail

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  Illinois digital asset charter bill falls short in spring session, persists for next round

  The bill creating a special charter for digital asset trusts passed the House before adjournment last month, but still requires approval from the full Senate to become law. 

  UPDATED: June 7, 2021 at 5:01 p.m.

  Banking

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  Goldman Sachs taps Visa for cross-border payment upgrade

  The global investment bank is aiming to streamline and enhance cross-border payments for its clients by signing on for Visa's cross-border programs.

  Banking

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