Global wallet provider Curve has launched a new foreign spending scheme, increasing fee-free spending limits and cashback on international spend, in a move to eliminate foreign transaction fees. As part of its ongoing mission to reshape the mobile wallet experience, Curve has increased fee-free spending limits up to £100,000, saving travellers up to three per cent on […]
Fintech
Fintech OpenBB aims to be more than an ‘open source Bloomberg Terminal’
Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free version of a product that will open its arsenal of data and financial tooling to more users. OpenBB is the handiwork of software engineer Didier Lopes, who launched the […]
Tap, Pay, and Go: H-E-B rolls out digital payments in Houston
HOUSTON – Imagine you’re at the checkout line, ready to pay for your groceries, when you realize—you’ve left your card at home. Sounds like a hassle, right? Well, those days are coming to an end as one of Texas’ favorite grocers goes digital! H-E-B is rolling out its long-awaited tap-to-pay services across all its stores. […]
Emerging Payments: Trends, Technologies, and the Future of Transactions
It’s increasingly common for consumers to pay at the point of sale using Apple Pay or Google Pay. This transaction is made possible by two emerging payments technologies: contactless payments and digital wallets. If a customer has integrated a buy now, pay later option into their digital wallet, that single transaction could include three payments […]
How does ‘buy now, pay later’ affect your credit score?
If you’ve shopped online or in stores recently, you’ve likely encountered the ‘buy now, pay later’ (BNPL) option, tempting you to split your payment into smaller installments. BNPL is projected to grow 12.3% year-over-year in 2024. It’s not surprising — if you’re on a tight budget, paying for your purchases over time can seem like a great plan. These […]
HSBC & Tradeshift Launch SemFi to Transform Business Finance
HSBC and Tradeshift have launched SemFi, a new platform offering seamless embedded finance solutions to businesses on e-commerce platform HSBC has unveiled SemFi by HSBC, a new venture designed to revolutionise how businesses handle finance. A joint effort with global B2B trade network Tradeshift, SemFi aims to deliver seamless embedded finance solutions to companies across […]
Amex Partners with Boost to Simplify Supplier Card Payments
American Express has teamed up with Boost Payment Solutions to streamline virtual card payments for US suppliers, reducing manual processing hassles American Express has announced a new collaboration with Boost Payment Solutions, aimed at optimising virtual card payments for US-based suppliers. The partnership will allow American Express merchants to access Boost’s patented Straight-Through Processing (STP) solution […]
CFPB and Fed Raise Thresholds for Lending and Leasing Rules
The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation M) rules. In 2025, these rules generally will apply to consumer credit transactions and consumer leases of $71,900 or less, the regulators said in a Friday (Oct. 4) press release. The agencies must adjust these thresholds each year based […]
Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households. The big banks have lost at least some share to neobanks — FinTechs that have been able to carve out a niche serving households earning roughly $50,000 or less. Digital […]
Real-time Reality Check: How Digital Payments Are Driving Treasury’s AI Evolution
Treasurers who once relied on outdated spreadsheets and manual processes are now facing a new reality: real-time treasury services powered by artificial intelligence (AI), digital money movement and automated synchronous functionalities across core operations. From predicting cash flow to flagging suspicious transactions, innovations in payments and operations are transforming treasury operations into a high-tech, real-time […]