October 28, 2021
Holiday Shopping Outlook Suggests ‘Amazon Christmas’ May Be Underway

Ahead of Amazon’s third-quarter earnings report, new data show that nearly everyone will be shopping online this holiday season, a likely boon to the Seattle-based eCommerce giant. PYMNTS research, conducted...

October 27, 2021
Visa Under DOJ Scrutiny for Payments to PayPal, Square and...

The Department of Justice (DOJ) is looking into Visa’s relationships with large FinTechs, citing antitrust concerns, The Wall Street Journal (WSJ) reported. The investigators are concerned about financial incentives Visa...

October 27, 2021
DOJ Probes Visa’s Relationships With Fintech: WSJ

The US Justice Department is probing Visa’s relationships with large fintech companies as part of its antitrust investigation of the card giant, the Wall Street Journal reported on Wednesday. Antitrust investigators...

October 27, 2021
Extend Grabs $40M for Development, Expansion

FinTech startup Extend has raised $40 million in a Series B round, the company announced Wednesday (Oct. 27). March Capital led the latest fundraising round for New York-based Extend, which...

October 27, 2021
Visa Backs Credit-Card-As-A-Service Startup Deserve

Credit-card-as-a-service company Deserve got a fresh infusion of capital from strategic investor Visa, joining other brand name backers like Mission Holdings, Mastercard, Ally Ventures, Goldman Sachs Asset Management and Sallie...

October 27, 2021
Mastercard Earnings: Credit Growth Points to Consumer Confidence Beyond Spending...

On the heels of Visa’s latest earnings report, payments network Mastercard is on tap to deliver earnings on Thursday morning (Oct. 28) that will likely show gains in credit spending...

October 26, 2021
Three US Banks Settle ATM Antitrust Suit For $66M

Three US banks have agreed to pay US$66.7 million to settle consumer antitrust claims alleging a conspiracy to fix ATM charges, say plaintiffs’ lawyers seeking preliminary approval of the deal....

October 26, 2021
Lebanese Bank to Test Biometric Payment Cards

Credit Libanais, a Lebanese bank, will test a biometric payment card that will enable users to authorize contact-free payments by scanning their thumbprint, according to a Monday (Oct. 25) report...

October 26, 2021
Contactless Payments Continue to Drive New Waves of Innovation

Mark Smith, head of payments for financial services, Amazon Web Services, discusses how the pandemic has prompted many financial institutions to fast-track their digital initiatives to offer streamlined, end-to-end, real-time...