Fintech

Explore the world of mobile payments by delving into adoption trends, addressing security concerns and uncovering future advancements Mobile payments have become integral to global finance, transforming how consumers and businesses handle transactions. This digital payment method leverages mobile devices, ie smartphones and tablets, to enable transactions through various applications and platforms. Evolution of Mobile […]

Health tech company HealthEquity has suffered a data breach, though unconnected to other recent attacks. The company revealed that attack in a filing with the Securities and Exchange Commission (SEC) earlier this week, saying that hackers had stolen the “protected health information” of some customers. According to the filing, the company earlier this year uncovered […]

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. In an “urgent” supplement to her fourth status report, the former FDIC chair put the spotlight on a time-sensitive dispute with financial services database provider MongoDB. The trustee’s report, filed in […]

As Walmart and Amazon leverage their paid membership programs to drive loyalty, the former is seeing millennials prove to be the most eager to subscribe. By the Numbers “Walmart+ Week 2024,” a new PYMNTS Intelligence report, digs into consumer trends regarding subscriptions and purchases during Walmart+ Week, drawing on a survey of more that 7,700 respondents in late June. […]

European financial service provider Mollie has partnered with buy now, pay later (BNPL) provider Riverty to offer a 30-day invoicing solution to Mollie customers. With this solution, Mollie customers in the Netherlands, Belgium, Germany and Austria can offer end users the option to pay later, with a payment period of up to 30 days, the companies said in a […]

The Eurosystem is actively developing a digital euro to align central bank money with contemporary payment preferences and bolster Europe’s financial independence. This initiative aims to provide a digital retail payment option issued by the ECB and national central banks throughout the euro area, offering widespread accessibility and complementing cash transactions. Beyond convenience, the digital […]

Explore the key industry trends and technological advancements supporting the cashless economy From contactless payments to blockchain technology, the shift towards a cashless society is not just a trend – but a fundamental change with far-reaching implications. McKinsey finds that digital payment innovations, from online merchants to physical stores and peer-to-peer transactions, are ubiquitous. Cashless transactions […]

Customers of Amazon’s Italian eCommerce site will be able to make purchases with Bancomat Pay, following the retailer’s new partnership with Nexi. In the collaboration between the two companies, Amazon.it will use Nexi’s platform to enable customers to make purchases with this additional payment option, Nexi said in a Tuesday (July 2) press release. Bancomat Pay offers customers a payment option […]

The Supreme Court has ruled that a convenience store has the right to challenge a 2011 Federal Reserve ruling setting a cap on debit card swipe fees. Corner Post, a truck stop based in North Dakota, argued that the Fed’s swipe fee cap was higher than the “reasonable” limit established by the 2010 Dodd-Frank Act. […]

Fintech startup Rainforest has received $20 million in Series A funding, marking another significant milestone in its embedded finance journey. According to TechCrunch, the company also signed dozens of new companies to its platform and increased its payments volume 17 times in the past six months. Rainforest stated it has more than doubled its valuation […]