PayPal’s technology and development spend up 9% YoY
PayPal Holdings Inc.’s technology and development spend in Q4 2021 reached $796 million, a 9% year-over-year increase. The payment company...
Payments
Mambu and Volante partner for cloud-enabled payments integration
Banking core provider Mambu announced in January a new partnership with payments fintech Volante Technologies to provide cloud-native payments services...
Fintech Funding: Crypto asset-tracking, credit-building firms reach unicorn status
Topping the news for fintech funding this week are two unicorns: a California cryptocurrency asset-tracking platform provider and a New...
Blockchain-fueled stock exchange BSTX gets greenlight From SEC
The BSTX exchange won approval from U.S. regulators for a plan to use blockchain technology to fuel key aspects stock...
Bank of America says a digital U.S. dollar is ‘inevitable’
The U.S. will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to...
Fed takes key step in deciding on U.S. digital-coin issuance
The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the...
‘DeFi’ decentralization promise is an illusion, BIS chief says
Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of...
DailyPay goes live with digital wallet, gives users access to pre-payday funds
Payroll fintech DailyPay has gone live with its digital wallet solution, which provides users access to earned wages before payday,...
By the Numbers: 9 out of 10 FI consumers use digital payments such as Zelle
The future of payments is contactless, if 2021 is any indication, as digital payment services like Zelle and PayPal become...
New partnership allows CSI-partner banks to offer Bitcoin buying, selling
Computer Services Inc. (CSI) is joining FIS and Fiserv as the third core provider to partner with Bitcoin fintech NYDIG...
