What We're Reading
Industry reads hand-picked by our editors
May 27, 2022
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American Banker
CFPB presses big card issuers on their credit reporting practices
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Bloomberg
PayPal Begins Cutting Staff as Its Push to Reduce Costs Ramps Up
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Reuters
Mastercard focuses on Southeast Asia, LatAm after India ban, Russia exit
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Financial Times
Klarna CEO says fintech will focus less on growth and more on ‘short-term profitability’
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The Wall Street Journal
In India’s Mobile-Payments Boom, Even Beggars Get QR Codes
May 26, 2022
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The New York Times
Bolt Starts Layoffs Amid ‘Structural Changes’
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The Irish Times
PayPal to cut over 300 jobs from its Irish operations
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PYMNTS
iPhone-to-iPhone Tap to Pay Launches at Apple Stores
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Reuters
Fed's Brainard sees case for central bank digital currency
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TechCrunch
Mastercard exec is bullish on crypto, sees mass adoption ‘sooner rather than later’
May 25, 2022
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Axios
Credit cards rates are forecast to hit record highs
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Bloomberg
Stripe to Resume Accepting Bitcoin Payments for Customers in Crypto Push
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CoinDesk
Mastercard CEO Teases CBDC Panel: SWIFT May Not Exist in 5 Years
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PYMNTS
EVO Payments Acquires North49
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American Banker
How Russia's war in Ukraine has weaponized payments
May 24, 2022
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Silicon Valley Business Journal
PayPal lays off 83 workers from its San Jose headquarters
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Insider Intelligence
Elon Musk envisions Twitter super app with payments
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PYMNTS.com
SWIFT to Test CBDC Cross-Border Payments Use
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American Banker
From superstore to super app: Walmart's next steps in finance
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TechCrunch
Stripe and Plaid suit up for battle
May 23, 2022
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The Wall Street Journal
More Subprime Borrowers Are Missing Loan Payments
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CBS News
MasterCard, Starbucks and PayPal to cover abortion travel for workers
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ABA Banking Journal
GOP lawmakers skeptical on merits of CBDC in letter to Fed
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Bloomberg
Klarna’s Debt Costs Rise as Buy-Now-Pay-Later Sector Suffers
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TechCrunch
Stripe expands its infrastructure play with Data Pipeline to sync financial data with Amazon and Snowflake
May 20, 2022
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American Banker
Credit card balances grew in April at fastest rate in 26 years
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PYMNTS
FedNow Will Let Banks Delay Instant Payments
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Forbes
Brex’s Global Shift: Powering Payments For The Post-Pandemic Workforce
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TechCrunch
Three PayPal Ventures alums strike out with their own $158M fund
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AdAge
Crypto payments could be a marketing tool for brands
May 19, 2022
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Bloomberg
Mastercard to Cover Employees’ Travel for Out-of-State Abortions
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Digital Transactions
Consumers Are Wary of Fraud, But Faster Payments Retains Its Allure for Multiple Applications
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The Wall Street Journal
SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation
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TechCrunch
Plaid officially expands into identity and income verification, fraud prevention and account funding
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Forbes
Congress Should Repeal The Durbin Amendment, Not Expand It To Credit Cards
