Browsing: PaymentsSource

Key insights: Block plans to lay off about 40% of its workforce, with CEO Jack Dorsey stating bluntly that improvements in artificial intelligence are quickly changing…

Visualization created with AI assistance based on original reporting. Processing ContentKey insight: Stablecoins present opportunities for community banks to explore new forms of capital formation while…

Key insights: Revolut, Tether and Circle made announcements this week designed to boost their stablecoin profiles. What’s at stake: Stablecoins are growing quickly and are attracting investment,…

Key insights: Andrew Torre, Visa’s president of Value-Added Services, says the card network is focusing on areas such as AI and digital assets. What’s at stake: Visa…

Key insight: Crypto.com’s parent company Foris DAX received conditional approval from the OCC to operate a national trust bank for cryptocurrency.Expert quote: Pitchbook analyst Rudy Yang…

Key insight: Payoneer has applied for a national trust bank charter to establish PAYO Digital Bank, N.A., allowing it to issue its own stablecoin, PAYO-USD.What’s at…

Key insights: Shares of Klarna plummeted nearly 30% on Thursday following the company’s fourth-quarter earnings report despite posting revenue of more than $1 billion. The sell-off…

Key insights: Investors were encouraged by Global Payments’ fourth quarter earnings results – the first to include WorldPay post acquisition – but some analysts remained sceptical…

Tokenized money market funds, unlike the payment stablecoins that share the same backing, are securities. Noelle Acheson looks at what this means for our understanding of…

Key insights: U.K. banks are considering a locally based payment network, and Americans are big contributors to spending influxes in Italy for the Olympic games. What’s at…