The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the Consumer Financial Protection Bureau (CFPB), which was issued on Thursday (Nov. 21) will essentially treat the tech firms — with...
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on its status page. The outage affected account withdrawals, express checkout, cryptocurrency, the receive money function...
As the holiday season approaches, the quest for the perfect gift intensifies. With consumers increasingly seeking personalized and convenient gifting solutions, Hallmark has introduced Gift Card Greetings, a new product merging physical greeting cards with digital gift cards. These cards feature various designs for different...
With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer to a two-sided payments technology platform in its Q3 earnings call Tuesday (Oct. 29). Notably absent from the call was any...
October 29, 2024
With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer to a two-sided payments technology platform in its Q3 earnings call Tuesday (Oct. 29). Notably absent from the call was any substantial discussion of the financial health of consumers that will […]
August 02, 2024
Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a...
May 31, 2024
Forty percent of the independent mom-and-pop restaurants in the U.S. that generate $10 million or less annually now use instant payment rails as their primary method to send funds. And...
May 29, 2024
While instant payments might seem like an innovation that only big companies would embrace, these types of expenditures are gaining traction with many mom-and-pop eateries. The PYMNTS Intelligence report “Small...
January 05, 2025
FinTechs are reportedly boosting marketing in bigger cities to attract a wider customer base. In the last three years, ad spending by these companies has climbed by more than 45% on average, Bloomberg News reported Sunday (Jan. 5). The 45% figure, the report said, comes from Outfront Media, an advertising company whose clients include several […]
November 21, 2024
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on...
October 02, 2024
Venmo is reportedly giving users an easier way to make repeat or scheduled payments. The new feature would let customers schedule payments — or requests — on a one-time, weekly, monthly...
September 25, 2024
PayPal Holdings now enables U.S. merchants — except those in New York State — to buy, hold and sell cryptocurrency directly from their PayPal business accounts. The company also now...
