The newly minted Pay-by-Bank partnership between J.P. Morgan Payments and Mastercard is an ACH payment that uses open banking.
We had already known about the partnership between SoFi and Samsung, but today the companies have officially unveiled Samsung Money...
There is poetry in the symmetry of this situation. Bitfinex is looking to raise $1 billion in capital to support the most popular stablecoin Tether, which it controls. Facebook is reportedly looking to raise $1 billion in capital from First Data, Visa and Mastercard and other payments companies to shore up its own stablecoin asset. Poetry is where the similarities end, and all these devils are in the details.
PitchIt at LendIt Fintech has been the premier fintech startup competition since 2015 with past winners amassing more than $140mn...
An ‘overwhelming’ moment: Behind BofA’s $1B racial justice commitment PNC pledges $1 billion to fight racism Eastern Bank Readying For...
Accounts payable and payment automation fintech AvidXchange has raised an additional $128mn, an extension to the $260mn round reported earlier...
The Wall Street Journal is reporting that Facebook has been quietly working on a new cryptocurrency-based payments system. Dubbed Project...
Lloyd’s Banking Group and Virgin Money recently banned customers from using their credit cards to buy cryptocurrencies; customers will still be able to use their debit cards to buy cryptocurrencies but for fear they could go into debt they do not want credit cards being used; other card issuers like Barclays and Mastercard say they are reviewing the crypto space but no decisions have been made. Source.
The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis;...
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...