Subscription spending climbs
Consumers are splurging more via subscription payments, often for fashion and entertainment, a new Bank of America report says.
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How Affirm leverages 0% interest
Inflation is prompting consumers to turn to Affirm’s zero-interest buy now, pay later loans, the company’s latest financial results suggest.
Ramp takes on AI expense
The expense-management company has expanded into the nascent field of artificial intelligence routing as companies seek to keep tabs on their AI costs.
Stripe taps new stablecoin executive
The financial tech giant hired a crypto pro to help push payment cards backed by stablecoins.
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.
EWA grows despite legal limbo
Instant Financial and Clair are among the earned wage access companies expanding even as state and federal oversight evolves.
Beyond the booking: How Navan scaled global card issuing with embedded finance
How Navan unlocked €1B+ in card volume by embedding global issuing with Adyen.
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.
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.
Fiserv explores divestitures
The payments processor, under pressure amid management upheaval and client attrition, told analysts it’s still considering the sale of a debit network.
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.
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.
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