The several high-profile failures in the digital-asset sector haven't deterred the financial institution from forging ahead with a plan to expand support for payments.
Card balances fell by 1.5% in the first quarter from the previous three months, according to data released by TransUnion. Balances remain near a record high and are up 19% from a year earlier.
The buy now/pay later fintech said during its earnings report that it's rolling out new products, while also creating a way for borrowers' credit scores to reflect their repayments.
Dan Schulman plans to accelerate moves into advanced machine learning, checkout and merchant services to add speed and efficiency to product development.
Workplace culture is changing as rapidly as transaction technology. Some of the industry's leaders discussed the new culture at American Banker's Payments Forum.
Along with money, fraud could also move quicker, putting pressure on financial institutions and clients. Here's what two execs had to say at American Banker's recent Payments Forum conference.