What We're Reading: Page 50
Industry reads hand-picked by our editors
Jul 14, 2023
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The New York Times
For Many Small-Business Owners, a Necessary Shift to Digital Payments
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American Banker
With fintech investment cooling off, VCs weigh their next move
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Bloomberg
Citigroup Gets Boost From Credit Cards as Borrowers Start to Struggle
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Finextra
Swift pilots instant payments across currency zones
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Business of Fashion
Is Fashion’s Buy-Now, Pay-Later Boom Over?
Jul 13, 2023
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Quartz
Amazon Prime Day 2023 sees 20% more BNPL credit use
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Reuters
Banks can manage outflow risk in Fed’s new payment service system, Mester says
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Bloomberg
Amex Courts Bargain Stores, Cobblers in Hunt for Overseas Appeal
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PYMNTS
132 Members of Congress Say CFPB Funding Structure Unconstitutional
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MacRumors
Apple Launches Tap to Pay on iPhone in the UK
Jul 12, 2023
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The Washington Post
More Americans leaning on Klarna, Affirm, Afterpay to buy groceries
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Bloomberg
US Consumer Borrowing Rises at Slowest Pace Since November 2020 to $7.2 Billion
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American Banker
Vets from Apple, Bank of America join Chargebacks911 to fight friendly fraud
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Reuters
India central bank eyes one million digital currency transactions daily by year-end, deputy governor says
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PYMNTS
BIS: Crypto’s ‘Inherent’ Flaws a Threat to Monetary System
Jul 11, 2023
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The Wall Street Journal
Banks’ Newest Fed Headache: Nonstop Instant Payments
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American Banker
CFPB report shows late fees are not a top complaint — for a reason
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PYMNTS
Payoneer to Reduce Headcount 9% to ‘Enhance Productivity and Efficiency’
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The Associated Press
Be wary of scams as Amazon Prime Day kicks off, experts warn
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TechCrunch
Instant bank payments startup Ivy secured $7.7M in Seed round led by Creandum
Jul 10, 2023
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American Banker
How Goldman Sachs’ deal with Apple went sour
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Financial Times
Revolut’s US payment flaws allowed thieves to steal $20mn
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Bloomberg
FedNow Is Coming. Here Are Some of the Risks
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TechCrunch
Thrive Capital doubles down on Clair, a fintech helping frontline workers get paid instantly
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Forbes
How Fintech Startups Can Secure Their Payment Systems
Jul 07, 2023
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NPR
Tipping has gotten out of control: Three reasons behind tip-flation
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PYMNTS
NY Fed: Digital Dollar Could Improve Cross-Border Payments
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Wall Street Journal
The Plan to Make Credit Cards More Expensive
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Business Insider
An Amex Sales Pitch Came Under Scrutiny. A Sales Team Paid the Price.
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American Banker
With the chip shortage fading, in-car payments gain speed
Jul 06, 2023
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American Banker
Should card issuers fear FedNow’s impact on revenue?
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Law360
Consumers Say Mastercard Fees Trickled Down As Trial Starts
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Bloomberg
US VC Deal Spending Falls by Half in Second Quarter, Report Says
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Fortune
Elon Musk needs payments to make Twitter an ‘everything app’—and the first 3 U.S. states just got on board
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Engadget
Spotify stops accepting payments that were set up through Apple’s App Store