PYMNTS News

Affirm Updates BNPL App Ahead of Holiday Shopping Season
Affirm Updates BNPL App Ahead of Holiday Shopping Season
October 30, 2024  |  Buy Now Pay Later

Ahead of the holiday shopping season, payments network Affirm is upgrading its app. The company, known for its buy now, pay later (BNPL) offering, now...

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Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
October 30, 2024  |  B2B Payments

Every dollar of working capital matters to today’s businesses. That makes tracking and managing expenses important, as evidenced by “Grubgate,” where tech giant Meta fired...

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Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
October 30, 2024  |  Investments

Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the...

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Visa Direct Teams With Coinbase for Real-Time Crypto Deposits
Visa Direct Teams With Coinbase for Real-Time Crypto Deposits
October 30, 2024  |  Cryptocurrency

Visa has launched a money movement partnership with cryptocurrency exchange Coinbase. The collaboration connects Coinbase to the Visa Direct network, letting the exchange’s customers deposit funds into...

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Velera and RAI Collaborate on Credit Acceptance Programs
Velera and RAI Collaborate on Credit Acceptance Programs
October 30, 2024  |  Credit Unions

Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union...

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FTX Engineering Chief Gets Probation in Crypto Fraud Case
FTX Engineering Chief Gets Probation in Crypto Fraud Case
October 30, 2024  |  Legal

One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the...

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BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
October 30, 2024  |  CFO

Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact...

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Gone in 60 Seconds: The Metals Market Moves Online
Gone in 60 Seconds: The Metals Market Moves Online
October 30, 2024  |  Digital Payments

Industrial sectors have been feeling the weight of a slow-moving, high-friction procurement process for decades. Endless supplier coordination, manual paperwork, lengthy wait times, and the countless...

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