Financial Services

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.

The all-cash deal values Atlanta-based EVO Payments at $4B and can help Global Payments improve its B2B offerings.

The SEC has called out JPMorgan, UBS, and TradeStation for deficient customer identity theft prevention programs, and the CFPB just fined U.S. Bank for opening unwanted new accounts.

Mastercard’s gross dollar volume increased 14% YoY in Q2. The firm said it’s ramping up value-added services and investing in innovation to sustain growth.

Survivors will find new ways to generate revenue while keeping their customer base intact.

Dick Durbin and Roger Marshall have drafted a bill that will let merchants route Visa and Mastercard credit card transactions to alternative networks.