Subscription spending climbs
Consumers are splurging more via subscription payments, often for fashion and entertainment, a new Bank of America report says.
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Consumers are splurging more via subscription payments, often for fashion and entertainment, a new Bank of America report says.
The expense-management company has expanded into the nascent field of artificial intelligence routing as companies seek to keep tabs on their AI costs.
The payments processor, under pressure amid management upheaval and client attrition, told analysts it’s still considering the sale of a debit network.
The money movement platform received a $155 million investment to buy Transact Bank so it can offer payments clients banking services.
The financial tech giant hired a crypto pro to help push payment cards backed by stablecoins.
While the digital currencies have gained some acceptance, there is a growing interest by financial institutions in tokenized deposits as an alternative.
Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.
The deal for Cranium Ventures and its cloud-based card-payments technology aims to help ACI expand in card infrastructure.
The digital payments pioneer turned to cutting back its workforce this week following a May plan, after reportedly bypassing a possible sale.
Inflation is prompting consumers to turn to Affirm’s zero-interest buy now, pay later loans, the company’s latest financial results suggest.
Instant Financial and Clair are among the earned wage access companies expanding even as state and federal oversight evolves.
The government and the card network will need to complete their pre-trial evidence work by the end of January, a magistrate ruled Friday.
How Navan unlocked €1B+ in card volume by embedding global issuing with Adyen.
“Payments modernization is no longer a future aspiration,” writes one bank tech executive. “It has become an operational and strategic imperative.”
A new state law will require retailers to accept cash for most transactions below $500, and fine repeat violators up to $5,000.
Merchants keep attacking the fees, but the charges keep coming because consumers love swiping their cards.
It costs 13 cents to produce the five-cent coin. Congress wants the U.S. to explore more cost-effective methods.
The Bank of New York and other financial institutions are preparing for a pilot next year that will stretch the real-time payments network across borders.
The payments company is gaining a new government payments business with its deal for Utah-based IntelliPay.
The fintech is expanding its efforts to market local restaurants using its point-of-sale system across Cash App’s user base.