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About sixty years ago, credit cards changed shopping by solving a simple problem: they let people buy now and pay later anywhere the cards were accepted.
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In the decades that followed, issuers layered on convenience, security and the lure of points, cash back and perks to drive the flywheel of use, adoption and merchant acceptance. Today, credit cards are the most widely...
British FinTech Revolut is reportedly considering the purchase of an American bank.
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That’s according to a report Wednesday (July 30) by the Financial Times (FT), which notes that such a move would allow Revolut to quickly clinch a banking license in the U.S.
Sources familiar with the matter told the FT Revolut was thinking about acquiring a nationally chartered bank,...
Watch more: The Embedded Lending Shift: From Trend to Infrastructure
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Embedded lending can be a key driver for merchants seeking to enhance sales momentum across channels, but they need sophisticated infrastructure that enables sender coordination and optimized approvals for every credit profile.
Meidad Sharon, founder and CEO of ChargeAfter, told PYMNTS as part of the “...
Watch more: Investments in Innovation, Not Macro Panic, Shape Credit Union Roadmaps
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It may be tempting for many financial institutions to retreat into a defensive crouch in the face of an unstable economic and regulatory climate.
But for small lenders and credit unions, today’s changing seas could also provide opportunities.
Velera Chief Administrative Officer Brian...
Fifth Third Bank is set to offer its commercial bank clients private credit arrangements.
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The new program, announced Tuesday (July 29), is happening in collaboration with asset manager Eldridge and designed to provide “reliable” private credit solutions to clients.
“This marks a significant moment in providing a private credit solution for our clients,” said Kevin...
The U.S. labor market maintained stability in June, though signals of cooling are emerging amid shifting sectoral dynamics.
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The latest Jobs Openings and Labor Turnover Survey (JOLTS) reported job openings at 7.4 million for June, a decrease of about 275,000 from May and steady year-over-year. The job openings rate slipped to 4.4%, down from 4.6% the previous month....
Consumer packaged goods giant Procter...
Fortis acquired B2B payments processor Serve First Solutions as part of its effort to expand its offerings for software platforms that serve businesses with multichannel payment workflows.
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The acquisition adds Serve First’s B2B payments expertise and service model to Fortis’ embedded payments technology offerings for software providers and enterprise resource planning (...
JPMorgan Chase and Apple are reportedly close to reaching a deal in which the bank would become the tech giant’s credit card partner.
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The companies have been negotiating since early 2024, and those talks have accelerated, the Wall Street Journal (WSJ) reported Tuesday (July 29), citing unnamed sources.
The report added that a deal has not been signed, and the...
PayPal Holdings Inc. used its Q2 earnings call to talk less about inflation or consumer spending softness and more about the tactics it says will secure its place at the virtual and in-store cash register. Chief Executive Alex Chriss laid out a five-point plan — digital wallet reach, BNPL, agentic AI, debit expansion and crypto rails — that shaped the discussion even more than the company’s 5%...