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Global payments processor Thredd said Monday (Oct. 27) that it has entered the credit space and has integrated LoanPro’s composable credit infrastructure to underpin its new offerings.
Thredd’s credit solutions for FinTechs and financial organizations are part of the company’s strategy to provide full-stack embedded issuing and processing capabilities, including credit, debit and...
Key Commercial Bank has named its head of commercial onboarding, Eric Girard, to be its head of embedded banking and its co-head of commercial product management.
In his new roles, Girard will develop and implement a vision for the embedded banking team and will lead a commercial product team that oversees merchant services, commercial card and automation, KeyBank said in a press...
With the government shutdown set to halt Supplemental Nutrition Assistance Program (SNAP) benefits, on-demand delivery platform Gopuff said Monday (Oct. 27) that it will offer $50 in free groceries to SNAP recipients during November.
SNAP benefits are set to stop Nov. 1. A banner on the home page of the U.S. Department of Agriculture’s Food and Nutrition Service said Monday that the...
Amazon reportedly plans to start cutting as many as 30,000 corporate jobs Tuesday (Oct. 28) as part of an effort to reduce the amount of bureaucracy and the number of managers at the company.
The cuts will target the company’s human resources; operations, devices and services; and Amazon Web Services divisions, Reuters reported Monday (Oct. 27), citing unnamed sources.
The impacted...
Investors’ expectations that there will be further rate cuts in the United States helped drive global inflows to digital asset investment products to $921 million last week, CoinShares Head of Research James Butterfill reported Monday (Oct. 27).
By region, the U.S. saw the week’s largest inflows, at $843 million, followed by Germany at $502 million, according to the report. Switzerland...
Citi and Coinbase plan to collaborate on digital asset payment capabilities for the bank’s clients, starting with its institutional clients and potentially expanding to its other global clients in the future.
During the first phase of their collaboration, the companies will focus on fiat pay-ins and pay-outs, supporting Coinbase’s on- and off-ramps and payments orchestration, Citi said...
Payments app Venmo has launched a partnership with housing and commerce platform Bilt.
The collaboration, announced Monday (Oct. 27), “brings rent payments, mortgage repayments, and neighborhood commerce into the Venmo experience, marking a major step in Venmo’s evolution from a peer-to-peer payments app to an everyday commerce platform,” the companies said in a news release provided...
The Labor Economy is a group of about 60 million essential workers who keep the service and supply systems in the United States moving.
Most earn $25 an hour or less, and together they account for roughly 36.5% of total employment and 15% of consumer spending, or more than $1.7 trillion each year, according to PYMNTS Intelligence’s “Wage to Wallet Index,” published Monday (Oct. 27)....
Apple Pay and Apple Wallet are both gaining users and adding capabilities.
Jennifer Bailey, vice president of Apple Pay and Apple Wallet, said during a Sunday (Oct. 26) keynote at Money 20/20 USA that Apple and its partner ecosystem are making it possible for users to replace their physical wallet with a digital wallet.
Apple Pay is now live in 89 markets around the world and supported...
Would you take a new payment rail that claims to handle transaction volumes that are multiples higher than global industry stalwarts and blue chip networks at face value?
Or might you take it with a grain of salt?
That is the question facing many businesses and financial institutions with stablecoins, the typically dollar-pegged blockchain financial instruments that the cryptoverse is...