America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday (April 24) interview with the Financial Times (FT), at a time when Capital One is working to complete its $35 billion purchase of Discover. “There...
Zip has added new enterprise capabilities to its intake and procurement orchestration platform and intake-to-pay suite. This new suite of capabilities called Zip Premier is designed to help businesses manage compliance, strengthen integrations with other tools and scale faster, the company said in a Wednesday...
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up other large firms for tens of billions of dollars. FIS bought Worldpay for a staggering $43 billion. Fiserv bought First Data for more than $22...
After a drought, the merger and acquisition (M&A) landscape is in bloom. Major M&A deals — agreements worth at least $10 billion — more than doubled during the first quarter of this year, the Financial Times reported Thursday (March 28), citing data from the London Stock Exchange Group....
May 06, 2024
We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading down, trading off, or choosing where to allocate what seem to be increasingly limited resources. Headed into 2024, PYMNTS found some shifts already in place. […]
April 02, 2024
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up...
March 11, 2024
The holy grail of payments — for merchants, for consumers and financial institutions — has two essentials: Reduced friction, and reduced fraud. Individuals want to be “known” to the entities...
January 30, 2024
Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are not here yet, although wisps...
April 24, 2024
America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday (April 24) interview with the Financial Times (FT), at a time when Capital One is working to complete its $35 billion purchase of Discover. “There will need to be careful scrutiny of two quite large […]
April 03, 2024
Zip has added new enterprise capabilities to its intake and procurement orchestration platform and intake-to-pay suite. This new suite of capabilities called Zip Premier is designed to help businesses manage...
March 28, 2024
After a drought, the merger and acquisition (M&A) landscape is in bloom. Major M&A deals — agreements worth at least $10 billion — more than doubled during the first quarter of this...
March 21, 2024
Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s...
