July 18, 2024
Bank of England: CHAPS Payment System Service Restored After Outage

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that...

July 18, 2024
Cash App Exiting UK to Increase Focus on US

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it was shutting down Cash App...

July 18, 2024
Google Reportedly Eyes $250 Million Fundraise for India’s Glance

India-based mobile content startup Glance is reportedly looking to raise up to $250 million. This funding round would be led by existing investor Google, Bloomberg News reported Thursday (July 18), citing a source familiar with...

July 18, 2024
Vera Bradley CEO: Customization and Interactive Experiences Transform In-Store Journey

As Vera Bradley transforms to meet consumers’ evolving omnichannel expectations, the brand is upgrading its stores to better fit how consumers want to shop. In an interview with PYMNTS following...

July 18, 2024
Worldline Partners Selfly Store on Contactless Vending Offering

Worldline has formed a partnership with intelligent vending machine company Selfly Store. The collaboration, announced Tuesday (July 16), will see Worldline work with payment expert Antenor to integrate a contactless...

July 17, 2024
Chase to Decline Credit Card Payments for Third-Party BNPL Plans

Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s...

July 17, 2024
US Bancorp: Credit Card Volumes Surge, Loan Delinquencies Stabilize

Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services segment, credit card payment volumes...

July 17, 2024
Klarna Reportedly Prepping for Possible 2025 US IPO

Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders to advise the Swedish payments...

July 17, 2024
Insurance Industry $500 Billion Digital Shift Driven by Gen Z...

As the second half of 2024 unfolds, the insurance sector finds itself in the midst of a profound shift. How profound? According to at least one industry insider, the digital...