There are pros and cons for this large competitive field, and no definitive answer on whether it causes financial instability.
Stripe can benefit from Uber’s global reach, while Uber can cut checkout friction for customers.
Speculation about which regional bank might fail next is rising as the Fed and Treasury balance policy moves.
It launched crypto transfers between Venmo users and through external wallets and exchanges.
From three options, it promoted targeted coverage for certain business accounts.
The mega-retailers want to offer the instant payments rail as an alternative to fee-laden cards
It agreed to acquire the collapsed Federal Republic’s assets as the banking turmoil roils on.
New travel features will help Amazon better compete in the co-brand space and rack up volume.
Sharing results from its examination of SVB’s collapse, the Fed admits it should have done more.
Banks and payment providers shouldn’t ignore consumers increasingly using cash to combat cost-of-living pressures.
Today’s episode is all about the future of banking as a service (BAAS). In our "Headlines" segment, we use Railsr’s fall from grace to discuss how today’s economic uncertainty has slowed down the progress of embedded finance and BaaS. In "Story by Numbers," we examine a cornerstone advisor’s forecast of BaaS revenues in 2026 and how a 2022 study from Endava found that about half of fintechs are having scaling and platform issues with their BaaS providers. And in "Pretend CEO," we ask guest Leda Glyptis to pretend that she’s teamed up with a giant private equity firm with unlimited capital resources and a vision of building or buying her way to win a material share of the $25 billion of BaaS revenues in 2026. Join the fun with host Rob Rubin, our analyst Eleni Digalaki, and special guest Leda Glyptis, chief client officer at 10x Banking and author of the recently released book "Bankers Like Us."
Economic uncertainty has slashed small and medium-sized business (SMB) satisfaction with their payment service providers (PSPs). This is intensifying competition between acquirers and processors, banks, fintechs, and the vendors that serve them. Providers must enhance and simplify access to cutting-edge solutions that solve key pain points—or risk losing share.
Younger small-business owners are opting to switch FIs or partner with fintechs. Here’s what they want from banks. (This article was written with the assistance of ChatGPT.)
Resilient consumer spending was a bright spot for Mastercard, but higher costs squeezed profits in Q1.
Fintechs are better off cutting costs and scaling back expansion plans until the finance climate improves.
Cross-border and B2B payments pushed up the network’s payments volume during fiscal Q2.
While many consumers use mobile banking apps multiple times a week, some worry about fraud. Here are the security features they value most.
While most US regional banks have moved past last month’s turmoil, First Republic is pulling out all the stops to survive.
EPI wil pilot a digital wallet and instant payments system after axing its plans for a pan-European payments network
The US property and casualty industry faced a trying 2022. There’s hope for a rebound in 2023, but some economic and natural factors may mute it.