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Paul Stoddart joins the U.K. company at a crucial time. A specialist in account-to-account transfers, GoCardless sees an opportunity to capitalize on friction over interchange rates.
May 12 -
The tech giant abandoned the Google Wallet brand years ago as it refined its mobile payment strategy. The 11-year-old brand now returns as a means to store vaccine cards, event tickets and more.
May 11 -
The state banking commissioner criticized the online peer-to-peer lender's tipping policies, failure to disclose tips and lack of lending and collections licenses in the state.
May 11 -
In order to align financial policy with the interests of consumers, the agency should consider why these services have caught on — and remember to keep a lane open for innovation.
May 11 -
The CEOs of both Upstart and Oportun said this week that while they will maintain their existing interest rate limits, some higher-risk customers will no longer qualify for their loans as borrowing costs rise.
May 10 -
The Minneapolis company believes a new partnership with LiquidX will grow its niche supply-chain financing business by 'multiples.' The goal is to help more suppliers get paid early in a system that's been pinched throughout the pandemic.
May 10 -
Banks such as Capital One and Ally Financial are taking a page from fintechs and adopting early payday and eliminating overdraft fees.
May 10 -
Treasury Secretary Janet Yellen pointed to a recent implosion of the experimental TerraUSD stablecoin — which uses an algorithm rather than fiat currency pegging to maintain its value — as the latest evidence for urgently needed regulation in the sector.
May 10 -
Card issuers have pushed for more direct access to iPhones for years, and with the tech giant's policies facing fresh political and legal heat, Wells Fargo exec Ukrike Guigui says a more open mobile payment market would benefit merchants and consumers.
May 10 -
The challenger bank can now let its customers use fintech apps, and it has plans to offer banking services through third parties.
May 10