Payments solutions platform Nayax is the latest FinTech seeking an American banking charter. The Israel-headquartered company announced Thursday (Aug. 6) that it had applied to the Connecticut Department of Banking to...
A year after lowering the threshold for free shipping in Brazil, Mercado Libre has seen the offering drive “a structural change in behavior,” the eCommerce...
For Chime Financial, direct deposit is proving to be the underwriting and repayment infrastructure for a growing lending business. That connection was clear in second-quarter...
Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company’s workforce and put artificial...
AutoRek has expanded its artificial intelligence-powered reconciliation capabilities and its global presence by acquiring Grath. The acquisition adds Grath’s reconciliation and regulatory compliance software and...
Six years after its founding, banking infrastructure company Increase is now a bank. Increase Bank, announced in a news release Wednesday (July 29), is designed...
The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes...
Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July...
Small businesses are not abandoning banks for cross-border payments, but they are giving FinTechs a much larger share of the work. That shift stands out in “The Cross-Border...