Banks have asked for the head seat at the table regarding crypto regulations—but just days later, lawmakers want to claw back the few capabilities they already have.
Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
The VC’s $100M fund for early-stage startups in the Latino community is the latest in a growing number of niche-focused funding rounds.
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.
The number of financial services deals declined 31% compared to Q1.
It expanded its Visa Direct integration so US customers can send payments to eligible Visa cardholders in six countries.
Some state governments are penalizing them for not supporting the fossil fuel industry.
The REI Co-op Mastercard lets users earn 5% cash back for REI purchases and 1.5% cash back for all other purchases.
Nike wants Big Tech’s layoffs: In a shift to direct sales, Nike is spending big to lure technologists. It’s a trend that could diminish the tech sector’s pull on workers.
They’re offering generous salaries and impressive titles. But will they actually listen to these experts and change?
Block’s gross payment volume surged 23% YoY in Q2—but total net revenues dropped 6% YoY as a result of Bitcoin losses.
Their customers are opting out of generic communications. CMOs play a critical role in customer re-engagement.
Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.
The trading app plans to fire almost one-quarter of staff to cut costs after a disappointing first half of trading.
Following a 13% YoY increase in payment volume, CEO Dan Schulman said PayPal will focus on core functions, including checkout and digital wallets.
Barclays, NatWest, and Lloyds are all exploring possible acquisitions despite market uncertainty.
American Express Global Pay helps meet demand for all-in-one payment solutions as SMBs digitize.
We’ve netted out three trends from earnings results in the US, the UK, and Canada. And it’s not all bad news.