Okay, things might not be going awesome at Elon Musk’s X project right now, but we’re still in the early stages of the “everything app” plan, and we haven’t even got to the payments part yet. Right? Well, that looks to be coming soon, according to a new finding in the back-end code of the [...]read moreX Continues to Develop X Payments Option
One of the biggest hurdles to rental property investing? High down payments. Most lenders want you to come to the table with twenty to thirty percent down, but with home prices averaging around $400,000, it might not be easy to come up with $80,000 to $120,000 on your next deal, especially with today’s high cost [...]read moreHow to Avoid High Down Payments
Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would start to let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken [...]read moreAfter 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin
Open banking may be a global trend, but implementation is fragmented. The fintech startups doing the legwork to make it a reality in smaller markets could become M&A targets for incumbents like Visa. One of these is Y Combinator alum Fintoc, a B2B fintech startup that has raised a $7 million Series A round of [...]read moreChilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market
Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” Financial terms of the deal were not disclosed. Teampay has raised $65 million since it was founded in 2016. The combined company services over 1 million businesses running on a commercial blockchain [...]read morePaystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is [...]read moreStripe, doubling down on embedded finance, de-couples payments from the rest of its stack
The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to [...]read moreIndia scrambles to curb PhonePe and Google’s dominance in mobile payments
O.J. Simpson‘s estate won’t pay his civil trial’s judgment anytime soon … according to the estate’s executor who says he plans to fight any payments to the Browns or Goldmans. Simpson’s will — obtained by TMZ — names his longtime attorney Malcolm LaVergne as his executor … and, Malcolm says he’s focused on keeping [...]read moreO.J. Simpson’s Estate Plans To Fight Payments to Goldmans, Browns
Mortgage brokers’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services [...]read moreFDIC finds banks violated RESPA on mortgage brokerage payments
Fisker is in a state of disarray right now. The company continues to inch closer to bankruptcy, and the only car it sells right now, the Ocean EV, just had prices on its remaining inventory heavily slashed as the automaker attempts to move more metal in the face of falling stock prices. What’s been going on [...]read moreFisker Lost Millions In Customer Payments And Had To Do An Internal Audit: Report