Klarna, the Swedish digital bank known for its “buy now, pay later” checkout tools, has switched on its first integration with J.P. Morgan Payments in the United States. The update enables any merchant already using J.P. Morgan Payments’ Commerce Platform to offer Klarna’s payment options at checkout without building or coding anything new.
The thing that lets you pay with your smartphone at the store checkout without ever fumbling with your bank cards or cash banknotes is called a digital wallet. We might use it every other day, but never stop to figure out how exactly it functions. This article aims to explain the main types of digital […]
New research from Access PaySuite, part of The Access Group, has found that many councils in England are not preparing early enough for changes to how they collect payments and manage income during Local Government Reorganisation (LGR).
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 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 […]
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. […]
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.
Financial services have long been not confined to banks. Today, businesses across retail, software, mobility, healthcare, and e-commerce sectors allow customers to make payments, access credit, purchase insurance, or receive payouts without ever leaving their platforms. This is exactly the illustrative result of embedded finance, one of the fastest-growing areas of fintech, in action.
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.
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.
Increase, the banking infrastructure and API provider used by Gusto, Ramp and Stripe, has launched Increase Bank, an FDIC-member banking institution designed to provide technology companies with programmable banking infrastructure.
Although Visa, Mastercard, SWIFT, and other payment infrastructure providers have not announced firm migration deadlines, governments are beginning to establish them. The U.S. federal government’s goal of transitioning critical cryptographic systems by around 2030 is widely viewed as an important benchmark that could influence planning across the broader financial services ecosystem, including payment networks, PSPs, […]
USDC merchant adoption in the United States is shifting from isolated pilot programs to infrastructure-level integration. Adoption remains early-stage compared with card payments, but the mechanics of accepting the stablecoin have changed substantially over the past year. Merchants no longer need to build separate crypto integrations. USDC is increasingly available as a native checkout option […]
Open banking and open finance are often treated as the same idea at different stages of maturity. That framing is no longer accurate. The regulatory scope, the participants, and the political stakes have diverged enough that open finance now needs to be understood as its own contest centred on which companies get to sit inside […]
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