Fintech

The Pennsylvania House of Representatives is considering a bill that would eliminate interchange fees for credit and debit cards on sales taxes. This measure is similar to one passed in Illinois several weeks ago, but with a new solution for handling the missing swipe fees. While exempting taxes from swipe fees may be a noble […]

American Express announced it will buy dining and event reservation company Tock for $400 million. The cash purchase will be the credit card company’s latest foray into the dining sector, following its acquisition of Resy in 2019. The Resy and Tock apps cater to higher-end restaurants, which will expand their reach to American Express’s more […]

As a new interpretive rule from the Consumer Financial Protection Bureau (CFPB) is set to give “buy now, pay later” customers more legal protections, the Better Business Bureau (BBB) is sharing tips for using these services wisely. “Buy now, pay later” is a service that many retailers offer to allow shoppers to space out smaller […]

As someone who is always on the lookout for the latest happenings in the world of technology, one can’t help but take note of the increasing prominence of “Buy Now, Pay Later” (BNPL) companies. Fintech start-ups are reshaping the retail industry with innovative payment options, and Zilch, a UK-based BNPL company, is one such name […]

Digital wallets are the fastest growing payment method in the world, and Asia is leading the charge, according to the latest report by payments processing firm Worldpay. Globally, digital wallets accounted for 50% of e-commerce purchases and 30% of in-store purchases in 2023, accounting for $14 trillion in transaction value. That figure is expected to […]

As a new interpretive rule from the Consumer Financial Protection Bureau (CFPB) is set to give “buy now, pay later” customers more legal protections, the Better Business Bureau (BBB) is sharing tips for using these services wisely. “Buy now, pay later” is a service that many retailers offer to allow shoppers to space out smaller […]

Global leader in money movement, TerraPay, has partnered with Thredd to build next-gen payment solutions and money movement for global travel providers The global payments provider, TerraPay, has partnered with Thredd to build a next-generation global payments platform, powering virtual card payments for international suppliers. Per the partnership, TerraPay and Thredd aim to develop payment […]

Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved. A network of eight banks held $109 million in deposits for Yotta customers as of April 11, Evolve Bank & Trust said in a bankruptcy court letter filed late Thursday. […]

Revolut is aiming to become the most valuable start-up in Europe with a target valuation of $40 billion, the FT reports. Sources with knowledge of the plans told the FT that the fintech is working with Morgan Stanley to sell about $500 million worth of existing shares, including those held by employees, to reach this […]

The advent of Gen AI is taking the technological bounds of fintech into the future, helping fintechs become more agile, efficient and seamless Today, fintech providers have little choice but to leverage the latest technology at risk of being left behind. Chief among these technologies is generative AI (Gen AI), the catalyst for a new generation […]