Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach said on a conference call with analysts: “On Halloween, well, there’s nothing spooky here.”...
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 year, targeting a $6 billion valuation, Bloomberg reported Wednesday (Oct. 30), citing unnamed sources. “As a rapidly scaling company, we...
SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across the company’s platform, and momentum in SoFi Money deposits continues to be underpinned by direct deposit members. Having run up...
Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution abounds, and many households are looking for ways to consolidate debt. Interim CEO Michael Shepherd said on an earnings call...
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...
November 05, 2024
Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards to a participating local digital wallet to shop with merchants without needing to create or top up a prepaid account, according to a Tuesday (Nov. 5) press release. “Leading wallets […]
October 30, 2024
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 year, targeting a $6 billion...
October 16, 2024
HoneyBook launched an expanded suite of financial tools that can be integrated into its client relationship management (CRM) platform for independent businesses. The new HoneyBook Finance includes the HoneyBook business...
October 16, 2024
Payments technology company CPI Card Group is now accepting orders from issuers to start piloting a contactless card with new chip technology that expands payment card design options and reduces...
