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Despite strong payment volume and revenue, Affirm's earnings suffered due to stock compensation and an adjustment on its purchase of PayBright in January.
May 10
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The Mojaloop Foundation's Adama Diallo and Paul Hunter argue open, affordable real-time payments systems have the potential to include all and help turn underserved women into the newly served, enabling them to become economically active.
May 10
Mojaloop Foundation -
Now that Western Union has begun its deployment at the big-box retailer, where MoneyGram has long had a presence, the incumbent is watching for signs of pricing pressure.
May 7
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Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.
May 7
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Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.
May 6 -
It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6
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It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6 -
FIS is planning to follow the integration of its Worldpay acquisition by adding hundreds of new sales people to bring the combined companies' technology to a wider market.
May 6 -
PayPal saw account openings and payment volumes soar as the world shifted away from cash. And as economies reopen, PayPal must determine whether consumers will continue their aggressive use of digital payments — or return to their old habits.
May 5
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The company hopes to someday return to 2019 levels of in-person money transfer activity, and its recent pact with Walmart is a big part of that strategy.
May 4
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The $925 million deal would bring Zego's real estate management and payments software to Global Payments, which views real estate as a $6.5 billion market.
May 4
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The purchases of Truck Insurance Specialists and Hometown Insurance are expected to help the company expand its dealings in transportation and agriculture.
May 4 -
The Texas company kept allowances steady, citing lingering concerns over the pandemic and commercial real estate. Yet it plans to open 25 offices in Dallas after a similar expansion in Houston drove asset and customer growth.
April 29
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Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.
April 29
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Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.
April 29 -
CEO Mark Zuckerburg acknowledged the need to simplify the company's payment experience, particularly for virtual reality.
April 28
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The company, which recently acquired Radius Bancorp, still expects to lose at least $142 million this year and CEO Scott Sanborn did not provide a timeline for profitability. “We’re building this business for the long term,” he said.
April 28 -
CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.
April 28
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The community banks join a growing list of banking companies closing locations as customer preferences shift to digital channels.
April 28 -
CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.
April 27
