Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by Walmart. The round, which has not closed, would value One at $2.5 billion before the new money is raised, Bloomberg...
Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing consumers, businesses and governments to use Visa Direct to deposit money to bank accounts linked...
European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted after Brexit. Members of the European Parliament wrote a letter to the PSR, asking the regulator to conduct a full...
Last December, PYMNTS Intelligence detailed in its “Credit Card Use Deep Dive” report that about 14% of the more than 3,500 consumers surveyed had subprime credit scores. Those consumers tend to be tied to a FICO score below 670, as defined by the major credit...
October 11, 2024
In a world where the average consumer has more computing power in their pocket than the Apollo 11 spacecraft, it’s no surprise that the financial landscape is undergoing a seismic shift. That shift is rapidly progressing past innovations in contactless payments or mobile banking. A fundamental reimagining of how consumers and businesses interact with money […]
September 27, 2024
With consumers increasingly expecting to be able to pay however they want, Walmart and Amazon are adding new payment options. Walmart is working with Fiserv to provide real-time pay-by-bank options,...
July 12, 2024
While the Colosseum evokes gladiatorial battles, and Michelangelo’s Sistine Chapel frescoes hold timeless beauty, modern Italy is embracing the digital age. Today’s Italians are increasingly turning to mobile wallets and...
May 29, 2024
Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for payment processor Thredd CEO Jim...
December 13, 2024
The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the cap should be set. The PSR is doing so after publishing a final report on its market review in which it found that Mastercard and Visa raised their cross-border interchange […]
December 12, 2024
Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by Walmart. The round, which has...
December 12, 2024
Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing...
December 12, 2024
European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted after Brexit. Members of the...
