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Papaya Global launched a dedicated platform designed to help enterprises and managed service providers (MSPs) manage and pay freelancers, consultants, gig workers and independent contractors.
The new Contingent OS platform provides a financial infrastructure that encompasses vendor management systems, payroll compliance, invoice verification and instant global payments, the workforce payments...
Galileo Financial Technologies and Atomic have introduced a product designed to enhance consumer bill payments.
Galileo Payment Method Switch, announced Tuesday (May 20), makes it easier for people to update their default payment method, such as debit cards, credit cards and bank accounts, across merchants, subscription services, utility providers and digital wallets like Venmo or PayPal, in a...
Stablecoins, despite their name, have had a relatively volatile path toward regulation in the U.S.
But on Monday (May 19), after weeks of political back-and-forth, the Senate voted to advance the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act, the country’s first stablecoin legislation.
The 66-32 vote crossed the 60-vote threshold needed...
Block said Monday (May 19) that since the launch of its credit products, it has extended over $100 billion in credit while keeping its loss rates “low.”
The company uses a combination of near real-time data, technology and customer-first design, rather than traditional credit scores, Block said in a Monday press release.
“More importantly, we’re proving that expanding access doesn’t mean...
Worldpay has launched a partnership with point-of-sale (POS) tech firm Yabie.
The collaboration, announced Tuesday (May 29), will see Yabie help Worldpay power the merchant business tools in Worldpay 360, the company’s new business management and payment solution for small and medium-sized businesses (SMBs) in the U.K.
“The UK collaboration will help deliver streamlined, user-friendly solutions...
The Securities and Exchange Commission’s sole Democratic member said the agency is straying from its mission, the Financial Times reported Tuesday (May 20).
Caroline Crenshaw made the remarks at this week’s “The SEC Speaks in 2025” conference, where she said the United States is dismantling its regulatory infrastructure, with the SEC ignoring the rise of “significant risks” in areas like...
Home Depot’s finance chief says customers shouldn’t expect tariff-driven price increases.
“Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio,” Chief Financial Officer Richard McPhail said in an interview with CNBC on Tuesday (May 20).
He...
QR code technology is an increasingly popular sign-in method among Bank of America’s corporate and commercial clients.
The number of business clients using QR sign-in to access the bank’s digital banking platform, CashPro, increased by 60% in 2024, Bank of America said in a Tuesday (May 20) press release emailed to PYMNTS. QR sign-in was introduced in 2022.
“Nearly every business client uses...
The U.S. Senate has voted to advance the GENIUS Act, the country’s first stablecoin legislation.
As Bloomberg News reported, the bipartisan vote on Monday (May 19) came two weeks after the Senate’s Democrats joined forces to block the legislation. The bill is now due to be debated on the Senate floor in hopes of passage later this week.
Democrats had filibustered the GENIUS (Guiding and...
Independent sellers now account for 60% of the sales in Amazon’s store, the company said Tuesday (May 20).
In 2024, these Amazon Selling Partners averaged over $290,000 in annual sales and employed more than 2 million people, Amazon said in a Tuesday press release outlining findings from its latest annual Small Business Empowerment Report.
Compared to the previous year, the annual sales figure...