Affirm COO: Walmart deal was “uneconomic”
Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.
https://www.paymentsdive.com/news/affirm-coo-walmart-deal-was-uneconomic/743944/
How banks can use debit card rewards to their advantage
Debit card rewards often play second fiddle to perks associated with their credit card cousins. But astute banks are fine-tuning their approach.
https://www.americanbanker.com/payments/news/debit-card-reward-strategies-for-banks
Australian regulator warns crypto ATM operators of rising fraud https://www.byteseu.com/883838/ #Crypto #CryptoCurrency #Payments #Security
https://www.alojapan.com/1234330/japanese-banking-giant-smbc-plans-avalanche-stablecoin-report-ledger-insights/ Japanese banking giant SMBC plans Avalanche stablecoin – report – Ledger Insights #AvaLabs #avalanche #blockchain #CrossBorderPayments #DigitalCurrency #DistributedLedger #DLT #Fireblocks #Japan #JapanNews #Japanese #JapaneseNews #news #Payments #smbc #stablecoin #SumitomoMitsuiBankingCorporation #SumitomoMitsuiFinancialGroup Sumitomo Mitsui Financial Group, the parent of Japan’s second largest bank SMBC, is planning to issue a st…
Discover CEO may reap $2.4M bonus
Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.
https://www.paymentsdive.com/news/discover-financial-credit-card-capital-one-sale-ceo-bonus/743975/
Death by a thousand caps: State laws could kill credit card rewards
It’s not surprising, but sad that Jack Dorsey would follow Musk’s lead in becoming a poster child of what not to do when managing people. Ruthless tactics show a complete lack of #Leadership
Block lays off 1,000 employees via email
https://www.independent.co.uk/news/world/americas/jack-dorsey-block-email-twitter-b2722811.html
Just created a @kagihq Feedback thread on crypto payment options.
https://kagifeedback.org/d/6733-more-crypto-payment-options
Currently they use only Stripe billing, Paypal and Opennode's Bitcoin payment gate.
So if you have Ethereum, Monero or any other popular coin, then you're out of luck.
So, please vote if you also want more crypto payment options for privacy-oriented search engine.
P.S. I think this becomes even more relevant since they've recently announced their Privacy Pass.
Ally Financial sells POS financing business to Synchrony
Elon Musk has appointed a team of technologists from #DOGE to "rewrite the code that runs the #SSA in months." This codebase has over 60 million lines of #COBOL and handles record keeping for all American workers and #payments for all Social Security recipients. DOGE aims to migrate all SSA systems off COBOL ... and onto a more modern replacement like #Java within a scheduled tight timeframe of a few months. After all, what could possibly go wrong? https://www.wired.com/story/doge-rebuild-social-security-administration-cobol-benefits/
Swipe fee foes find legislative support in almost a dozen states
The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.
Executive Shuffle: Bolt, MoneyGram and DailyPay
New C-suite appointments so far this year demonstrate the payments industry’s efforts to digitize their offerings and cater to small business clients.
https://www.paymentsdive.com/news/executive-shuffle-bolt-moneygram-and-dailypay/743666/
Plaid’s Brian Dammeir talks future of open banking
Open banking has long been an industry-led venture. The trendline won’t change even if the timeline does, Plaid’s head of payments and financial management said.
https://www.bankingdive.com/news/plaids-brian-dammeir-talks-future-open-banking/743647/
Fintechs egg on ‘willingness to challenge norms,’ Bolt president says
Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.
https://www.paymentsdive.com/news/bolt-ceo-fintechs-money-transmitter-license-bnpl/743422/
Banks bash Illinois trend-setting law on card swipe fees
Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.
Swift's line in the sand for a new payment message
One way or another, all international Swift payments will follow the ISO 20022 standard by the Nov. 22 deadline, according to the financial messaging provider.
https://www.americanbanker.com/payments/news/swift-reaffirms-iso-20022-november-deadline
How Pay-Over-Time Can Help Banks Fight the #BNPL Surge
Government, administration, nation-state, do not go bankrupt… as long as they issue their currency and maintain an army to enforce it.
In 2020, the Fed "directly lent to corporations or they bought corporate debt off of financial market participants who had this corporate debt, or anyone who really needed to sell it. […] They just made sure that anyone who needed liquidity essentially had it." https://www.crisesnotes.com/musk-in-your-computers-paul-krugman-interviews-nathan-tankus/
Swiss National Bank Launches Pilot for Wholesale #CBDC on Digital Exchange
