What We're Reading: Page 52
Industry reads hand-picked by our editors
Jun 23, 2023
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Reuters
Credit-card crackdown will net limited rewards
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American Banker
Amazon is pushing more payment functions to the cloud
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Nation’s Restaurant News
Toast is adding a 99-cent surcharge to all orders over $10
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Tech Crunch
Apple restarts talks for Apple Pay launch in India
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PYMNTS
Sezzle Launches Subscription Service Enabling Installment Payments Anywhere
Jun 22, 2023
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Bloomberg
Lawmakers Seek to Ban Buy-Now, Pay-Later Loans for Semiautomatic Weapons
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American Banker
Plaid leans on banks, fintechs to create a stolen-identity database
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The Wall Street Journal
Canceling a Digital Subscription Is Hard. That’s Changing.
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Insider
Americans are facing ‘triple trouble’ from credit card debt, with more cards, bigger balances, and higher rates than ever
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FinTech Futures
US paytech Fortis expands into Canada, acquires SmartPay
Jun 21, 2023
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Reuters
Mastercard launches global plan to recycle credit cards
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The Wall Street Journal
How Today’s Teens Get More Financial Firepower Than Past Generations
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TechCrunch
Volt, an open banking fintech for payments and more, raises $60M at a $350M+ valuation
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The New York Times
The Risks of Storing Money in Apps Like Venmo and Cash App
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PYMNTS
Treasury Prime and Checkout.com Team to Offer Debit Card Funding
Jun 20, 2023
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Reuters
KKR to buy nearly $44 bln of PayPal’s buy now, pay later loans in Europe
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CNBC
Senate Democrats pressure PayPal, Venmo, Cash App over fraud
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NPR
Missing your credit card payment is getting a lot more expensive
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Tearsheet
‘As a key tentpole of our strategy, we’re focused on accelerating the adoption of virtual cards’: 3 questions with Mastercard’s Chad Wallace
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CoinDesk
Jack Dorsey-Backed Bitcoin Wallet Bitkey To Integrate With Coinbase and Cash App
Jun 16, 2023
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Senate Democrats pressure PayPal, Venmo, Cash App over fraud
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MarketWatch
Fed’s interest-rate pause won’t provide a reprieve for America’s nearly $1 trillion of credit-card debt
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PaymentsJournal
Mastercard Finds Digital Payments Are Spreading in Latin America
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American Banker
Credit — not cash — for gold? A secured card tackles pawn loans
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Barron’s
American Express to Be Hit as Travel, Entertainment Spending Slows: Analyst
Jun 15, 2023
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Axios
Stripe is watching FedNow “closely”
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AP
Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible
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American Banker
Synchrony lays out plan to recoup late fees lost under CFPB proposal
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Computer Weekly
Banks still investing heavily in legacy payments systems
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CNBC
Fintech firm Zepz plans M&A, new digital wallet after layoffs
Jun 14, 2023
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Bloomberg Law
CFPB Looking to Extend Reach to Big Tech Through Payments Rule
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S&P Global Market Intelligence
Credit card loan performance nearly back to normal
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American Banker
PayPal swoops into lending markets that banks abandoned
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Reuters
US consumer watchdog defends credit card ‘junk fee’ proposal
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CNBC
Alphabet-backed U.K. payment firm GoCardless to cut 15% of headcount
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