SAN FRANCISCO—Visa said it is now partnering with Fundbox, an embedded working capital platform for small businesses.
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LONDON—Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, regulators in the European Union have recommended in a new report.
PITTSBURGH–PNC Bank has plans to convert roughly 60% of its branches nationwide over the next five years to a new technology-focused model that eliminates teller stations and instead concentrates on offering financial advice, according to a new report.
DALLAS—Moneygram is getting ready to launch a service in partnership with the Stellar blockchain that would allow users to send stablecoins and convert them to hard currency.
NEWPORT BEACH, Calif.—Chipotle Mexican Grill restaurants have begun accepting cryptocurrency payments, CoinDesk reported.
NEW YORK–Could the development of digital currency and payments technologies change how the Federal Reserve conducts monetary policy as well as the composition of its balance sheet?
TROY, Mich.–New research from J.D. Power offers insights into how people are using buy now, pay later (BNPL) financing solutions and how it is affecting their financial health. Among the findings: while growing quickly, BNPL still comprises a small slice of consumer financing choices, and many consumers don’t understand how various forms of financing work.
NEW YORK–The slowing of the economy coupled with inflation affecting the most basic of items over the last few months has led to a spike in people in need of “dire financial assistance,” many as the result of having taken out more payday loans and, now, as the result of taking buy now, pay later (BNPL) loans, according to a new report.
ARLINGTON, Va.—A majority of credit union leaders’ overall interest in providing members with real-time payments in the next one to two years is moderate, according to a new report, that found a large minority, however, see it as a strong area of focus.
OKLAHOMA CITY, Okla.–Two Oklahoma credit unions have announced plans to merge.