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News
PayPal???s New CEO Bets on Going It Alone After $50 Billion Buyout Stalls
15+ hour, 7+ min ago (433+ words) PayPal is moving forward without a buyer, at least for now. CEO Enrique Lores is building a plan to run the payments giant as a stand-alone company after a proposed $50 billion-plus sale fell apart this summer. Many investors still doubt…...
Revolut Reveals Customer Data Leaked in Email Scam
18+ hour, 4+ min ago (429+ words) An email-based scam has reportedly led to the leak of Revolut customer data. The British FinTech says sensitive information from a “limited number” of customers was exposed in a scam in which an unauthorized third party used a legitimate government…...
FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth
1+ day, 11+ hour ago (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...
Visa Direct Targets Cross-Border Trade???s SMB Payment Gap
3+ day, 14+ hour ago (1021+ words) SMBs can now reach customers, suppliers and workers globally without having the treasury staff that larger companies use to manage cross-border payments. Legacy cross-border rails can leave smaller businesses waiting days for payments while dealing with limited traceability, intermediary fees…...
FinTechs See 146 Million Reasons to Target Credit Unions
3+ day, 15+ hour ago (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...
FinTechs Follow Corporate Clients Into Bigger Financial Relationships
2+ day, 18+ hour ago (709+ words) Revolut, Ramp and Adyen are extending their reach with large companies through banking, financial operations and global payments, respectively. PYMNTS Intelligence found that companies approaching enterprise scale can free up more cash when financing, supplier payments and treasury operations work…...
FinTechs Are Shopping for Very Different Charters
3+ day, 15+ hour ago (910+ words) Revolut and Upstart are pursuing national banks that can take insured deposits and originate loans, while Circle and Block are using national trust charters for custody and other specialized activities. The OCC received 40 de novo charter applications in 18 months, including…...
AI Agents Need Permissioned Funding Sources. Not Company Bank Accounts.
3+ day, 16+ hour ago (530+ words) AI agents may not need money; they need permission to spend it. Treasury can keep liquidity centralized while software receives programmable authority to create approved obligations. Virtual cards, stablecoins and bank rails become execution options, not the core product. The…...
Cash App Pilots No-Fee Business Tools for Sole Proprietors
3+ day, 17+ hour ago (319+ words) Cash App is piloting a new experience that helps eligible sole proprietors accept peer-to-peer payments and manage their earnings in their personal Cash App account, the company said in a Thursday (Sept. 10) press release. This experience does not require a…...
Nu Partners With Lead Bank to Launch Full US Banking Suite
3+ day, 18+ hour ago (484+ words) Nu, which has built its digital bank in Latin America over the past 13 years, entered the United States with a full suite of products, the company said in a Thursday (Sept. 10) press release. Nu launched in the U.S. through a partner…...