PYMNTS News

Toast’s 15.5% Plunge Helps Lead FinTech IPO Index Lower for the Week
Toast’s 15.5% Plunge Helps Lead FinTech IPO Index Lower for the Week
July 21, 2023  |  IPO

Toast shares got scorched in a week that saw the FinTech IPO Index give up 0.3%. And earnings season has yet to begin in earnest...

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Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
July 20, 2023  |  Earnings

Consumers are spending more on their cards — and delinquency rates are creeping up. To that end, Capital One’s company materials show that the allowance for losses...

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Tala Money App Gains 800,000 New Customers in First Half
Tala Money App Gains 800,000 New Customers in First Half
July 20, 2023  |  Financial Inclusion

Tala added 800,000 new customers in the first half of the year — a 114% increase in growth compared to the first half of 2022....

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Twitter Plans to Subpoena Sen. Warren in Legal Battle Against FTC
Twitter Plans to Subpoena Sen. Warren in Legal Battle Against FTC
July 20, 2023  |  Legal

Twitter is reportedly planning to issue to subpoena Sen. Elizabeth Warren in connection with its ongoing legal battle against the Federal Trade Commission (FTC). The social media platform plans to...

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Branch Launches Instant Payroll Solution for Workers
Branch Launches Instant Payroll Solution for Workers
July 20, 2023  |  Payroll

Workforce payments platform Branch announced the launch of Branch Direct, an online instant payment solution that allows companies to pay workers directly to an existing...

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Report: CoinDesk to Change Hands in $125 Million Deal
Report: CoinDesk to Change Hands in $125 Million Deal
July 20, 2023  |  Cryptocurrency

A syndicate of investors is reportedly poised to take control of cryptocurrency-focused media company CoinDesk. The investor group is led by Matthew Roszak of Tally Capital, a private investment...

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UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’
UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’
July 20, 2023  |  Bank Regulation

The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to...

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Financial Institutions and Service Providers Welcome Launch of FedNow
Financial Institutions and Service Providers Welcome Launch of FedNow
July 20, 2023  |  Real-Time Payments

Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Many had new offerings ready to go...

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Consumers Consider Pet Supply Subscriptions as Essential as Household Items
Consumers Consider Pet Supply Subscriptions as Essential as Household Items
July 20, 2023  |  Subscription Commerce

Even as subscription rates falter overall, the robust offerings of pet supply subscriptions — plus the emotional attachment to beloved pets — have bolstered the...

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