Wall Street Welcomes Institutionally Focused Crypto Exchange
Bullish has completed its initial public offering, with the company valued at more than $5 billion. The strong debut signaled that digital assets have firmly established a place on Wall Street. Bullish operates a crypto exchange focused on institutional investors, as well as the trade publication CoinDesk. The IPO was led by Wall Street heavyweights […]
Thredd and Mastercard Launch Custom Cross-Border Payments for Travel
Payments company Thredd is leveraging Mastercard’s network to give its travel agency clients a more efficient way to conduct international transactions. Online travel agencies (OTAs) such as Expedia or Airbnb face unique payments hurdles due to the nature of the industry. These companies often reserve hotel rooms or airline seats based on partial payments—transactions that […]
With Rising Compliance Demands, Reconciliation and Reporting Take Center Stage
Many organizations treat their reconciliation and reporting as mere check-the-box activities, investing only the bare minimum to remain compliant. However, companies that deprioritize these critical back-office functions risk being caught unprepared when faced with a more stringent regulatory environment. In a recent PaymentsJournal podcast, Roger Binks, Chief Commercial Officer at Kani, and James Wester, Co-Head […]
Why Newcomers to Canada Struggle to Build Credit Histories
Building and maintaining a good credit score is generally challenging, but newcomers to a country often face an even steeper climb. A study by TD Bank found that individuals who have moved to Canada within the past five years have struggled to make headway in the country’s credit system. The survey revealed that roughly 80% […]
Google Integrates Pay Over Time into Its Autofill Menu
Google Pay has rolled out a handful of updates to its Chrome autofill platform, with the most notable being that “pay over time” options now appear beneath credit and debit cards in the menu. This change underscores the idea that buy now, pay later services are becoming a standard payment method. The biggest immediate winner […]
SoftBank Plans to Launch PayPay into Crowded U.S. Market
SoftBank has begun planning an initial public offering in the United States for its Japanese payments app operator, PayPay. The service boasts 70 million users in Japan—more than half the country’s population—but the IPO would enter a crowded U.S. payments app market. Since its launch in 2018, PayPay has dominated the Japanese market, processing more […]
Stripe Adds Pix Payments Through EBANX Integration
Stripe’s network of businesses will be able to offer their customers in Brazil the option to make Pix payments in Brazilian Reals, with settlements available in the merchant’s domestic currency. The integration, facilitated by Latin American payments firm EBANX, will be available to both businesses directly integrated with Stripe and those using e-commerce platforms built […]
More Seniors Are Falling Victim to Impersonation Scams
Over the past four years, the U.S. Federal Trade Commission (FTC) has observed a more than four-fold increase in the number of older adults who have lost $10,000 or more to impersonation scams. According to the FTC, these scams generally fall into three main categories. In the first, a bad actor poses as a representative from […]
Merchants Face Uncertain Consequences in Lifting of Debit Card Swipe Fees
Even though a federal judge has vacated the Federal Reserve’s cap on debit card swipe fees, the issue remains far from settled. If the cap is ultimately suspended, the merchants who brought the suit could end up facing even higher transaction costs. In the case, the judge granted summary judgment in a 2021 federal lawsuit […]
The Quagmire of Avoidable Friction
This is a happy story: I recently bought a travel trailer, a lightweight, 16-foot model I dubbed Tony Roamo, a nod to the quarterback-turned-TV analyst, with a spelling that reflects what I intend to do with my new toy. This is a common story: I threw in a down payment and financed the rest. The […]