The card processor came up short on expected profits but hit analysts' estimates on revenue in the second quarter of its fiscal 2025. CEO Ryan McInerney said growth in payments volume, cross-border volume and processed transactions were strong even in the face of shaky economic conditions.
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Super apps such as AliPay and WeChat Pay have carved out immense market share by enticing users as a one-stop shop for their payment, shopping and social needs in a model that many U.S.-based companies have tried to replicate. But what makes a super app successful, and how easy are they to launch?
7h ago
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During the payment company's earnings call, CEO Alex Chriss said "we can be a place to come in times of need."
7h ago
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Supply-chain woes, inflation and skittish travelers are just a few of the tariff-driven factors pressuring PayPal, Visa and Mastercard during upcoming earnings calls.
April 28
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As the president's policy changes on a dime, machine learning can quickly alter strategies for compliance, payments and supply-chain management.
April 28
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
American Banker's Payments Forum conference brought together some of the most effective women in the payments industry to discuss career strategy, adjusting to the fast pace of technology and best practices for taking on new roles.
The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.
The Most Influential Women in Payments: Next honors women 40 years old and younger who are making a major impact on their businesses, inspiring colleagues and changing the industry early in their careers.
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Experts say transaction growth is OK now, but the next year will be fraught with risk.
April 15
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Affirm is reporting consumers' buy now/pay later loans to Experian, following a February study with FICO. It's one of the first steps in credit reporting for BNPL, potentially complicating banks' assessments for other types of lending.
April 15
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At the Los Angeles Clippers' Intuit Dome, technology developers hope to forge transaction habits that can be replicated elsewhere.
April 14
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The administration's unpredictable policy has already caused shifts in foreign exchange rates and supply chain payments. Uncertainty about future levies will cause added pressure despite the 90-day pause.
April 11
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Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for its transfer app. This week's fine follows earlier penalties in other states and the federal government.
April 10
