Earlier this month, shares of Marqeta plunged more than 30% in the wake of weaker-than-expected guidance. The company pointed, in part, to delays in bank partners launching new programs. It said programs have been taking 40% longer to launch, and 15 projects were pushed out...
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is now rolling out to PayPal customers in the U.S., Germany, Italy and Spain, and...
Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster days after posting third-quarter earnings results, MoneyLion is on its way to becoming the place “mass market” consumers visit when...
B2B payments platform ConnexPay has received a U.S. patent for its invention that manages incoming customer payments in real time and generates corresponding outgoing supplier payments on demand. The company’s U.S. Patent No. 12,118,519 was granted by the United States Patent and Trademark Office and...
In the post-COVID world, corporates are faced with what should be an easy decision: creating better value for the organization, speeding time to new markets and creating new business models. AWS Global Head of Institutional Payments Nilesh Dusane and FIS General Manager of Enterprise Payments...
Tokens use encryption to protect sensitive payment information while allowing merchants and payment service providers (PSPs) to easily store this customer data for smoother, safer transactions. This provides numerous benefits including better customer experiences, more successful transactions and improved ability to store payment and...
Digital transformation for banks and credit unions in the U.S. is ripe with opportunities, some of which can strengthen customer relationships in ways that only a few years ago would have been scarcely imaginable. With the help of artificial intelligence (AI), direct connections and instant...
Payment gateways might be thought of as the workhorses of fund flows, whether it’s for B2B or consumer-facing transactions. It’s the technology that gets payment data moving. But with the emergence of new technologies — particularly APIs and payments automation — gateways can be used...
Call it one more unpredictable turn in an unpredictable year. As the convergence of financial technology gets closer to consumers and businesses, the focus on money movement takes a twist toward an area where money is usually at rest: deposits. “If you think about where...
