The Federal Reserve has announced pricing for the FedNow Service, its instant payments system that is to be launched in the middle of 2023. “To support widespread adoption of instant payments, the Federal Reserve is offering key pricing discounts for new FedNow Service customers in...
Once upon a time, we used our mobile phones solely to make calls. And now those super-powered devices are the launching pads to getting everything done. Once upon a time, we got in the car and drove to the supermarket, grabbed a cart with squeaky...
The recent news around cryptocurrency exchange FTX.com has highlighted the need for legislation to protect consumers, Congresswoman Maxine Waters, chairwoman of the House Financial Services Committee, said Thursday (Nov. 10). The collapse of FTX.com, which has left its customers unable to access their funds, is...
Fast-fashion eCommerce retailer Shein is reportedly piloting a B2B program in Brazil that allows brands to offer their products for sale on the firm’s platform. The trial program began in March and is now handling 50,000 orders a day in Brazil, Tech in Asia reported...
New Zealand is joining countries around the world in embracing opening banking, saying Thursday (Nov. 10) the sector will be the first to adopt its consumer data rights framework. “Open banking ensures banks must share customer information if they request it, making it easier for...
Buy now, pay later (BNPL) firm Sezzle has launched a partnership with Sensepass, maker of “The Wallet of Wallets,” to tap into continued consumer interest in contactless payments. Through the partnership, shoppers can make payments via the Sensepass hub, which accepts card payments, platforms like Venmo...
Blnk, an Egyptian buy now, pay later (BNPL) startup, has raised $23.7 million in equity and debt funding and a further $8.3 million via securitized bond issuance. The capital will be used to increase Blnk’s lending capacity and to support the development of its artificial...
Banco Latinoamericano de Comercio Exterior (Bladex) announced on Thursday (Nov. 10) that it is joining Swiss FinTech Komgo’s trade finance platform. Bladex said in a press release that it is the first Latin American bank to join the Komgo platform, which enables companies to send...
They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an effort to eventually steal their assets. And as the U.S. Consumer Finance Protection Bureau said Thursday (Nov. 10), it’s one...
