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News
Stripe tips toward staying private
2+ day, 44+ min ago (719+ words) The payments giant’s founders told investors that the company’s private structure will help it to be more nimble amid AI shifts. Stripe’s top executives observe a “growing advantage” of remaining a privately held company, they said in a letter to…...
Walmart adds digital wallet options
2+ day, 11+ min ago (301+ words) The mega-retailer said it will now accept Apple Pay and Google Pay payments, using tap-to-pay with smartwatches, contactless cards and phones. Walmart is the largest retailer in the world, based on annual revenue of $692 billion last year, according to the…...
Considering card network options
5+ day, 22+ min ago (324+ words) “The real challenge for merchants is not which rail a payment uses but a lack of visibility, control, and intelligence to optimize payment flows,” a fintech marketing executive writes. Amrit Nirav Mohanty is the head of marketing for San Francisco-based…...
Teens targeted for scams
6+ day, 16+ min ago (475+ words) It’s not just the elderly being drawn into fraud. Young people are also increasingly prey for financial crime, according to a Federal Reserve report. Scams, which are frauds that use false pretenses to dupe consumers into transferring money to a…...
Visa, DOJ lawyers clash ahead of trial
6+ day, 27+ min ago (517+ words) The government and card network are trading accusations of overly broad discovery requests and ‘gamesmanship’ in the DOJ’s debit card lawsuit. Visa and Justice Department lawyers are battling over the pace of discovery in the government’s antitrust lawsuit, accusing each…...
Stripe, OpenRouter finally strike a deal
6+ day, 18+ hour ago (552+ words) The payments behemoth’s acquisition of the AI spend management firm has been in the works for weeks. The reported price tag: $7.5 billion. Collison described tokens as “the central currency for companies building with AI, and it’s clear that the real-world…...
Stripe acquisition may bolster its AI strategy
1+ week, 1+ hour ago (743+ words) If the company completes a prospective acquisition of OpenRouter it will set itself up to be at the center of artificial intelligence token payments. Stripe would move squarely into the middle of how companies select and pay for artificial intelligence…...
Klarna???s growth hits speed bump
1+ week, 23+ hour ago (472+ words) The buy now, pay later player won’t live up to its financial forecast for this year because of a slowdown in one of its largest markets. German retail sales grew less than 1% in the first half, while growth in the…...
Citi scoops up card rewards firm
1+ week, 1+ day ago (322+ words) The New York startup Kard’s technology, talent and merchant ties are intended to strengthen the bank’s loyalty strategy in its consumer cards business, Citi said. Kard, founded in 2015, serves banks, fintechs and marketers. Investors include Underscore Ventures, Fin Capital and…...