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Fintech

MasterCard acquires Vyze
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MasterCard enters POS loan space with Vyze acquisition

Mergers and acquisitions in the payments industry are growing as indicated by MasterCard’s purchase of fintech point-of-sale financing platform Vyze. According to Accenture, point-of-sale (POS) loans are a ...
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Branch launches free payday advance app
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Branch launches low-cost payday advance feature

The payday loans industry is rightly criticized for contributing to a vicious cycle of poverty from its outrageous payments practices and high interest rates for low-wage workers who ...
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ZAML Fair AI
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New software reduces lending bias with AI

ZestFinance, a leader in artificial intelligence (AI) software for credit, today launched ZAML Fair™, a new software tool to reduce bias and discrimination in lending. Following market tests ...
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FIS-Worldpay merger
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Inside the $43 billion FIS/Worldpay merger

Fidelity National Information Services’ (FIS) $43-billion cash-and-stock deal to merge with payments processor Worldpay Inc is another step in the sweeping shakeout and repositioning happening within the global ...
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Mitek/CI&T small business banking research
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Why the disconnect between banks and SMEs?

A new report from Mitek/CI&T shines a light on the growing gap between the banking services small business wants and what banks are providing. It’s not a pretty ...
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Walmart and Affirm offer POS loans
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Walmart and Affirm will offer POS loans

Walmart and Silicon Valley lender Affirm announced plans to offer the 4000-store retailer’s customers loans at the point-of-sale (POS) online and in-store at most US Walmart locations. The ...
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credit card payments
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Feb 22 Global payments news roundup

Spring still seems far away in many parts of the country, so let’s warm up with the best of this week’s global payments news. Research from CompareCards.com says ...
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India e-commerce growth
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New India e-commerce rules upend industry

New Feb 1 Foreign Direct Investment (FDI) regulations on e-commerce have the online selling business in turmoil in India. The new government regulations prohibit foreign-owned companies from restricting ...
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Payments NEXT news
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Jan 25 Global payments news roundup

Happy Friday. As always, we’ve got a roundup of the week’s best global payments news to keep you up-to-date and one step ahead of the competition. MasterCard and ...
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Federal Reserve Bank of San Francisco
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How will 50+ consumers make payments in the future?

Americans aged 50+ make up 35% of the population according to 2018 US Census figures. The American Association of Retired Persons (AARP) estimates these older consumers spend $0.51 ...
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