Stripe Extends Pay-by-Bank Offerings to France and Germany
Following its success in the UK, Stripe is expanding its pay-by-bank offering to France and Germany. While the process streamlines payment processing for merchants, its adoption by shoppers and end users remains an open question. The technology relies on TrueLayer’s open banking infrastructure, which enables connectivity to bank accounts across Europe. Stripe highlights the benefits […]
Ripple Seeks U.S. Bank Charter to Expand Footprint
As more crypto firms make inroads into mainstream finance, Ripple is applying for a banking license with the U.S. Office of the Comptroller of the Currency (OCC). Although the company is best known for its XRP cryptocurrency and ledger, Ripple launched a stablecoin, RLUSD, last year. If the banking license is approved, the firm would […]
Smells Like Team Spirit: What Makes Cobranded Credit Cards Work
When Apple and Goldman Sachs—undisputed leaders in consumer tech and investment banking, respectively—teamed up to launch a cobranded Apple credit card in 2019, as part of Goldman’s broader strategy to enter U.S. retail banking, many expected it to be a runaway success. “When that big Apple announcement came, it was a typical Silicon Valley deal, […]