FinTechs

Why Visa Says PayFacs Will Reshape Payments in 2023
Why Visa Says PayFacs Will Reshape Payments in 2023
January 23, 2023  |  Digital Payments

Payment facilitation is among the most vital components of monetizing customer relationships — and the role of PayFacs is often misunderstood. In an interview with...

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Euro-Denominated Stablecoins Vie for Prominence in MiCA Era
Euro-Denominated Stablecoins Vie for Prominence in MiCA Era
January 23, 2023  |  emea

The EURM token is the latest euro-denominated stablecoin endorsed by Spain’s central bank. The new digital euro will be issued by Spanish FinTech Monei, which...

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Better Innovation Tempts 27% of Members to Ditch Credit Unions
Better Innovation Tempts 27% of Members to Ditch Credit Unions
January 18, 2023  |  Credit Unions

Loyalty’s a fickle thing, and credit union members’ allegiances may be tested over innovation. The latest edition of joint research between PYMNTS and PSCU, as...

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Amex and Airwallex Team to Help Businesses ‘Scale Beyond Borders’
Amex and Airwallex Team to Help Businesses ‘Scale Beyond Borders’
January 17, 2023  |  Cross-border Payments

Australia-based FinTech Airwallex says its customers can now accept American Express as a payment method. The two companies announced their partnership Tuesday (Jan. 17) in...

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Credit Unions Are Falling Behind the Innovation Curve
Credit Unions Are Falling Behind the Innovation Curve
January 12, 2023  |  Credit Unions

Credit unions are hitting an innovation wall, and partnering may be the best way to clear it. At a time when consumers, and credit union...

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FinTech IPO Index Soars 13% on Paya Deal, BNPL Rally
FinTech IPO Index Soars 13% on Paya Deal, BNPL Rally
January 12, 2023  |  IPO

In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened...

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Stripe Reportedly Cuts Valuation for Third Time Since June 2022
Stripe Reportedly Cuts Valuation for Third Time Since June 2022
January 12, 2023  |  News

Stripe has reportedly reduced its internal valuation by 11%, the third cut since last year. The reduction represents an implied valuation of $63 billion for...

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Stride Bank and Chime Continue Banking Services Agreements
Stride Bank and Chime Continue Banking Services Agreements
January 11, 2023  |  Partnerships

Stride Bank has extended its private-label banking services partnership with Chime Financial. The Federal Deposit Insurance Corp. (FDIC)-member bank said in a Wednesday (Jan. 11)...

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Platforms, Alternative Lending Sources Help Fill Small Businesses’ Capital ‘Gap’
Platforms, Alternative Lending Sources Help Fill Small Businesses’ Capital ‘Gap’
January 10, 2023  |  SMBs

Banks’ pullback on small business lending is creating an opportunity for FinTechs to step in. In data released on Tuesday (Jan. 10), small business financing...

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