The Latest
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When will you be able to buy a pizza with stablecoin?
The Genius Act is law. Here’s how 5 professionals in the payments industry view prospects for the digital currency becoming a daily payment option.
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Courtesy of Arvest Bank
Finzly CFO seeks ‘connectivity’
As the first CFO for the payments infrastructure provider, software alum Adam Carson aims to upgrade the finance role from a "backseat function."
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Alamy
Mastercard backs open banking
The card network’s CEO favors the worldwide open banking trend, and predicts it will be a “winning proposition over time.”
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Courtesy of Bitcoin Depot
Shuffle: Finzly, Bitcoin Depot and PayIt
Fintech companies made new CFO and other executive appointments last month as they brace for economic and regulatory headwinds.
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Kent Nishimura via Getty Images
Visa denies DOJ debit card allegations
The largest card network said it doesn’t have a monopoly in the debit card market and that its agreements don’t pay others to avoid competing.
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Chris Graythen via Getty Images
Payroc scoops up another peer
The suburban Chicago payments processor nabbed payments orchestration firm BlueSnap as the latest purchase in its acquisition streak.
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Samuel Corum via Getty Images
EWS schools Zelle users on fraud
The company has locked arms with a national nonprofit to educate consumers about fraud and scams on the peer-to-peer payments tool.
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Justin Sullivan via Getty Images
PayPal embarks on $300M restructuring
The digital payments company has begun to log expenses for a “large-scale initiative” to overhaul its technology infrastructure, including job cuts.
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Alamy
Block takes aim at Google, Apple
The company’s new Cash App group payments feature lets users pool money with transfers from Apple Pay and Google Pay. That could allow it to poach customers from the rivals.
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Ramp raises $500M to rush AI
The fintech has amassed $700 million in funding over two months as it tries to capitalize on corporate finance’s adoption of artificial intelligence.
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Alamy
Wise shareholders vote to move primary listing to US
One of the money transfer company’s co-founders criticized the stock listing move to New York from London.
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Win McNamee via Getty Images
Visa tailors stablecoin strategy
CEO Ryan McInerney expects the digital assets to be beneficial in emerging markets where the network’s payments digitization efforts have faced difficulties.
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Chip Somodevilla via Getty Images
CFPB to revise open banking rule
The Consumer Financial Protection Bureau said Tuesday it will “substantially” revise the 2024 Biden-era open banking rule that drew a lawsuit from banks.
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Alamy
Capital One delivers few details on $265B community plan
A year after touting a community investment proposal as part of an effort to acquire Discover Financial, the card issuer has yet to lay out program specifics.
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Noam Galai/Getty Images for Bilt via Getty Images
Bilt’s new cards expand options
The points-for-rent loyalty company is retooling its credit card lineup and terms with a new partner, Cardless, and moving into more areas of housing payments.
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Permission granted by Splitit
Splitit pivots customer strategy
The BNPL player will rely less on partnering with individual merchants thanks to a partnership with Samsung’s digital wallet.
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Permission granted by Fiserv
Fiserv sued over Clover migration
A securities lawsuit alleges the payments processor moved merchants to Clover, and then misled investors about the point-of-sale system’s growth.
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H. Armstrong Roberts via Getty Images
Coinstar to offer Mastercard card
The company behind the green coin machines at grocery stores will soon let consumers turn their pocket change into a prepaid debit card.
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Dan Kitwood via Getty Images
ColumnPayments hurl toward digitization
It’s no coincidence that President Donald Trump ushered in the stablecoin era just a few months after the Treasury Department canceled the penny.
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Winxclub via Getty Images
Q&AHow to build a B2B payments behemoth
No single company dominates U.S. commercial payments, as with card networks or merchant acquirers. Bottomline CEO Craig Saks says that will change.
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Win McNamee via Getty Images
OpinionStablecoins face last-mile trouble
“The promise of stablecoins to solve existing issues quickly encounters a series of challenges,” writes an ACI Worldwide executive. “Chief among them is what we call the ‘last mile’ problem.”
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Chip Somodevilla via Getty Images
Groups seek Trump aid on open banking
Fintechs and merchants urged the president to take on big banks and let the U.S. open banking rule move forward.
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Permission granted by Fiserv
Fiserv revenue forecast dims
The payments processor offered a less rosy outlook as executives took some blame for second-quarter revenue growth being lower than analysts expected. It also agreed to buy a TD Bank portfolio.
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Obtained from Clean Energy Fuels
Corpay to buy Alpha Group, sell vehicle units
The commercial card and expense management company plans to buy the British cross-border firm in a $2.2 billion deal, as it considers divestures.
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Anna Webber via Getty Images
Block agrees to $12.5M settlement in Cash App spam text case
A class action alleged the company let users send spam messages to other users in violation of a Washington state law.
