Page 3

TabaPay eyes bank charter

The money movement platform received a $155 million investment to buy Transact Bank so it can offer payments clients banking services.

Stablecoins lose ground

While the digital currencies have gained some acceptance, there is a growing interest by financial institutions in tokenized deposits as an alternative.

ACI buys UK payments tech firm

The deal for Cranium Ventures and its cloud-based card-payments technology aims to help ACI expand in card infrastructure.

Banks undertake stablecoin effort

Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.

PayPal makes job cuts

The digital payments pioneer turned to cutting back its workforce this week following a May plan, after reportedly bypassing a possible sale.

How Affirm leverages 0% interest

Inflation is part of what’s prompting consumers to turn to Affirm’s zero-interest buy now, pay later loans, the company’s latest financial results suggest.

Visa delivers 6M documents to DOJ

The government and the card network will need to complete their pre-trial evidence work by the end of January, a magistrate ruled Friday.

EWA grows despite legal limbo

Instant Financial and Clair are among the earned wage access companies expanding even as state and federal oversight evolves.

Illinois seeks to support cash use

A new state law will require retailers to accept cash for most transactions below $500, and fine repeat violators up to $5,000.

Modernizing payments is a must

“Payments modernization is no longer a future aspiration,” writes one bank tech executive. “It has become an operational and strategic imperative.”

Card fees have staying power

Merchants keep attacking the fees, but the charges keep coming because consumers love swiping their cards.

Is the nickel nearing a revamp?

It costs 13 cents to produce the five-cent coin. Congress wants the U.S. to explore more cost-effective methods.

RTP gears up for int’l reach

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.

Priority Tech buys IntelliPay for up to $15M

The payments company is gaining a new government payments business with its deal for Utah-based IntelliPay.

Amex’s low fraud rate turns on its closed system

More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.

Building Block’s Square base

The fintech is expanding its efforts to market local restaurants using its point-of-sale system across Cash App’s user base.

Walmart adds digital wallet options

The mega-retailer said it will now accept Apple Pay and Google Pay payments, using tap-to-pay with smartwatches, contactless cards and phones.

Stripe tips toward staying private

The payments giant’s founders told investors that the company’s private structure will help it to be more nimble amid AI shifts.

PayPal, Venmo connect to colleges

The peer-to-peer player and its PayPal parent have forged new ties to higher education institutions, allowing students to make payments with the P2P tool.

Regulators pursue stablecoin rules

Separate proposals advanced by the SEC and the FASB last week could provide the cryptocurrency sector with regulatory relief as legislation founders.

Considering card network options

"The real challenge for merchants is not which rail a payment uses but a lack of visibility, control, and intelligence to optimize payment flows," a fintech marketing executive writes.

Visa, DOJ lawyers clash ahead of trial

The government and card network are trading accusations of overly broad discovery requests and ‘gamesmanship’ in the DOJ’s debit card lawsuit.

Teens targeted for scams

It’s not just the elderly being drawn into fraud. Young people are also increasingly prey for financial crime, according to a Federal Reserve report.

Stripe, OpenRouter finally strike a deal

The payments behemoth’s acquisition of the AI spend management firm has been in the works for weeks. The reported price tag: $7.5 billion.

Weave scooped up for $650M

The latest purchase by Fransciso Partners adds to the private equity firm’s stockpile of payments companies, including one it bought earlier this month.