The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced Friday (Oct. 25) a pair of deadlines for interest bidders: Nov. 4, 4 p.m. PT for initial indications of interest,...
Embedded finance, and in particular lending, is finding its way into various URL, app and brick-and-mortar settings these days, and is also rendered at the point of sale, giving an indication of how prevalent its integration into the connected economy has become. The opportunity —...
If there’s been a consistent theme thus far during earnings season, it’s that consumer spending has proven to be resilient across any number of demographics. And as a result, for the CE 100 Index, banking and payments-related names (which, of course, rely on transaction volumes...
EBANX has enabled merchants to use its payment services to prepare to integrate the upcoming recurring transaction capability of Brazil’s Pix, Pix Automático (Automatic Pix). With technical documentation now available from EBANX, the company’s partners will be able to start backend development and access a...
Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed...
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues...
Innovation can’t exist without foundational infrastructure networks to support it. Last week, PYMNTS reported that the Global AI Infrastructure Investment Partnership, which is spearheaded by Microsoft, BlackRock and others, is planning to spend up to $100 billion on artificial intelligence (AI) data centers, ensuring that the plumbing...
More than 100,000 Verizon users lost access to mobile services Monday (Sept. 30). The wireless carrier said it was aware of the issue, per a report by NBC News, marking the latest in a series of mass technical outages this year. “We’re aware of a Verizon outage impacting customers...
The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit percentage points. Investor sentiment was buoyed as the the People’s Bank of China announced rate...
