Israel-based payments company Nayax has applied for a US bank charter, that would let it offer business cards, loans, and cash advances directly through its own platform instead of leaning on outside banks. The company filed the application with the Connecticut Department of Banking to create Nayax America Bank, which would be headquartered in Fairfield […]
PayPal fintech company posted second-quarter adjusted earnings of $1.38 per share, beating the $1.28 that analysts expected. Revenue rose 5% year over year to $8.68 billion, also ahead of forecasts. PayPal then raised its full-year profit guidance to $5.38 per share, up from its prior outlook of flat-to-declining earnings. These results underpin the company’s earlier […]
The U.S. Senate has one real shot left to vote on the Digital Asset Market Clarity Act before lawmakers leave Washington for the August recess. For payment processors and fintechs building on stablecoin rails, this bill matters far more than crypto trading stats.
The Federal Reserve holds its next rate decision on September 15–16, and for the first time in months, traders are leaning toward a hike, not a cut. The Fed’s rate-setting group, the FOMC, held its benchmark rate steady on July 29 for a fifth straight meeting, at 3.50%–3.75%. But three of its twelve voting members […]
A growing body of research is pointing to the same uncomfortable number: somewhere around a third of US economic growth right now traces back to AI. Not AI products people use daily, but the spending behind them.
The U.S. President Donald Trump administration has refunded about $100 billion of the tariff revenue it collected under the 2025 “Liberation Day” duties, U.S. Customs and Border Protection (CBP) told a federal court this week. The refunds follow a Supreme Court ruling that struck down the tariffs as illegal, and a subsequent court order requiring […]
Western Union has launched the Stablecard app, a digital wallet and Visa card that lets people hold and spend U.S. dollar value backed by a stablecoin. The company built the product with Rain, a stablecoin infrastructure provider. Stablecard is live in 37 markets, and Western Union plans to expand to more than 60 markets by […]
Every payment starts with a question: who is actually asking for this money to move? For most of the industry’s history, and human history, for that matter, a human was behind the wheel. A real person answered the authorisation question by typing a password, tapping a card, or showing an ID. That is changing now. […]
Tokenized stock trading reached a record high in July, but new data suggests the headline growth may not reflect the broader market.
Panama-based stablecoin infrastructure company BALBOA | CORP has strengthened its advisory board by appointing former Paxos treasury executive Austin Campbell and fintech entrepreneur Richard Douglas, as it develops payment technology designed for international shipping and trade.
In a world where card payments constitute about 60% of the total transactions, Pay by bank is a payment method that moves money directly from a customer’s bank account to a merchant’s account, without a card network sitting in between.
For years, banks worried mostly about threats coming from people. Think of stolen passwords, phishing emails, and careless clicks. That threat hasn’t gone away, unfortunately. And yet, right next to it, a bigger, quieter one has risen and overtaken the previously known cybersecurity issues. It’s called a “non-human identity,” and most people outside IT departments […]
Solana, a blockchain network known for fast and low-cost transactions, is rolling out a technical overhaul called Alpenglow. The upgrade is designed to confirm transactions in about 150 milliseconds, down from roughly 12.8 seconds today.
The rules governing who can buy what, from whom, and under what authority are being rewritten by trade groups and card networks racing to keep pace with software that shops on its own.
The discovery of a firmware-related vulnerability affecting Coldcard hardware wallet is heating up discussions around Bitcoin self-custody, extending concerns well beyond individual investors to payment service providers (PSPs), fintechs, and businesses holding digital assets on their balance sheets.
The Federal Reserve’s July 29 decision to hold its benchmark rate at 3.50%–3.75% is still working its way through markets, and Monday’s ISM Manufacturing PMI report gave investors their first hard data point to test the central bank’s internal split. For payments and lending, the combination points to a stretch of elevated borrowing costs running […]
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