The app’s expanding product suite could appeal to this group. But they won’t be an easy sell, and Block risks becoming over-reliant on Cash App.
Insurers can use data to learn more about their clients and their business and to deliver personalized sales pitches.
The BNPL provider added a credit opt-out feature to help prevent consumers from going further into debt
Modern card issuers are turbocharging the issuer processor space by offering API-based, customizable card solutions for non-financial services companies. Mobile payment services, ecommerce marketplaces, and the gig economy are in their sights—along with $17.12 billion in issuer processing revenues.
Hackers are storing stolen encrypted data for future use. Here’s how FIs can make it harder for them.
Moving away from retail can help it overcome growth roadblocks, while a look to China could signal what’s coming for the space
Adoption of digital wallets is approaching critical mass, but they won’t replace physical wallets anytime soon. However, a super app may be on the horizon, especially if companies can crack the ability to integrate payments with shopping services.
Sluggish progress at debt ceiling talks is forcing banks to cut exposure to Treasury securities and grow liquidity cushions.
The digital wallet is already the top P2P service among teens. Its youth-facing products could help monetize the app
Planning before taking action and showing extra care in risky areas can help smooth out the merger.
The travel booking site partnered with Stripe and Klarna to offer BNPL and smoother bank transfers.
After a challenging Q1, PayPal looks to be shifting its strategy to focus on high-growth areas. Business areas like Xoom might not fit.
Risk teams are creating plans to fend off misinformation and stop the spread of rumors at the source.
Senators’ questioning highlighted the dangers of a lack of accountability on Wall Street. That could pave the way for new regulations.
The big tech is diving deeper into payments to tap new revenue streams.
The crypto winter has brought assets crashing down to earth and dampened payments growth. But key crypto payment use cases remain intact, drawing continued investment from major payment providers. This helps set a path for US crypto payment adoption to grow by a 21.3% average annual rate from 2022 to 2025 and worldwide volume to grow by 12.6%.
Lenders need to be prepared for quicker, digitally driven runs after SEC rules out short-selling ban.
To keep up the momentum, the BNPL provider launched a Pay-in-2 product so it can expand into new payment categories
AI-focused fintechs offer small FIs less-powerful solutions than their larger counterparts—if they work with them at all.
Record-high debt and record-high card interest rates are leading to missed payments