Payments

Buy now/pay later loans took off during the pandemic, but the market has gotten crowded. Now, lenders are seeking to set themselves apart with new audiences or business models.

The bank will use the deal to bolster the digital services that it sells to hospitality clients.

Klarna Bank, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. 

The fintech is working with MX Technologies and other firms to help clients reduce their reliance on traditional card networks without scrimping on fraud prevention.

From avocado-toast debit cards to pumpkin spice-themed loans, financial institutions are running culinary initiatives to bring consumers to the table.

Self's credit-building loans and secured card were popular but the company sought a competitive edge. The recent acquisition of RentTrack adds to the data consumers can share with the top three credit bureaus.

This week in global news, Google faces scrutiny for its payment policies, Apple raises App Store prices in Europe and Asia, and Revolut confirms a cyberattack.

The accounting software provider aims to help small enterprises deal with changes to the workforce brought on by inflation, supply-chain issues and other complications.

The cloud retail firm NewStore is an early adopter of the tech giant's iPhone payment acceptance service, which some see as a step toward eliminating dedicated checkout lanes altogether.

Three years after expanding into credit cards, Goldman Sachs has quietly signed up a third partner, T-Mobile US.