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Stablecoin-issuer Circle’s stock climbed again Thursday (June 26) following a dip this week.
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As CNBC reported Thursday, the company’s shares rose 12% after losing 15% in the prior three days. The report said this decline was happening amid increased volatility after Circle’s initial public offering (IPO) and as investors consider speculation around crypto regulation and...
Digital bank Revolut is buying Banco Cetelem, a small Argentinian lender owned by BNP Paribas.
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“Argentina’s digital banking industry has seen significant growth in recent years, with the majority of the population actively using digital financial services,” the company said in a news release provided to PYMNTS on Thursday (June 26).
“While banking penetration is high,...
A federal judge reportedly rejected a joint motion by blockchain company Ripple and the Securities and Exchange Commission (SEC) to approve their proposed settlement in a lawsuit over the sale of unregistered securities.
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The judge said the two parties had “not come close” to showing that the settlement was justified, Reuters reported Thursday (June 26).
The case...
Experian added Mastercard’s identity verification and fraud prevention technology to its Ascend analytics platform.
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The collaboration will bolster identity verification services for the more than 1,800 Experian customers using Ascend, in industries such as financial services, automotive, health and digital marketing, helping them prevent fraud and cybercrime, according...
Meta has reportedly convinced three of OpenAI’s researchers to jump ship.
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Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai, all stationed with OpenAI’s Zurich office, have been hired by the social media giant for its artificial intelligence (AI) efforts, the Wall Street Journal reported late Wednesday (June 25), citing sources familiar with the matter.
The report...
Visa and FIS expanded their partnership to offer new value-added payment capabilities to financial institutions of all sizes.
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The new offerings will include stop payment services that enable cardholders and call centers to halt recurring payments to merchants, a wallet link that pushes an issuer’s branded digital card to the customer’s digital wallet, and eCommerce...
When Mastercard announced Monday (June 23) that it is partnering with Paxos to advance the Global Dollar Network, the move added more weight to stablecoin payments, a trend reshaping financial infrastructure.
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Mastercard isn’t alone. Competitors like Visa, Fiserv and Stripe have all begun integrating stablecoin functionality into their platforms. On the surface, the...
Barclays is set to block its customers from making cryptocurrency transactions with their Barclays cards.
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The British lender announced the pending ban earlier this week, saying it would go into effect on Friday (June 27), and that it recognizes “there are certain risks” that come with purchasing crypto.
“We’re doing this because a fall in the price of crypto assets...
Citi UK CEO Tiina Lee reportedly said Thursday (June 26) that regulators should not place restrictions on banks’ cryptocurrency holdings that are so “prohibitive” that those assets are driven into the shadow banking sector.
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Speaking at TheCityUK’s annual conference in London, Lee addressed global rules that will be implemented next year that place a 1,250% risk weight...
Consumer credit data platform Spinwheel raised $30 million in new funding.
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The company’s Series A round will help Spinwheel accelerate the development of its agentic artificial intelligence capabilities, according to a Monday (June 23) press release.
“Today, the consumer credit ecosystem is buckling under the weight of legacy systems,” the release said. “U.S. consumer...