More than half of Square's revenue now comes from bitcoin trading
The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency.
Source: americanbanker.com
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Green Dot warns bump from stimulus checks was likely a one-off
Prepaid customers’ COVID relief spending boosted the bank’s bottom line in 2020, but executives don't count on a repeat performance.
Source: americanbanker.com
Installment lenders under scrutiny as delinquencies soar
Australia and the U.K. are starting to build the case for regulation of buy now/pay later offerings.
Source: americanbanker.com
When rioters attacked the Capitol, these payment companies were quick to respond
Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. 6.
Source: paymentssource.com
Shifting consumer needs put new Synchrony CEO to the test
Synchrony wasn’t unscathed by the pandemic — consumer spending slowed during the first half of the year — but its mix of private-label and cobranded cards for everyday items suffered far less than other issuers' cards that emphasized luxury and travel.
Source: americanbanker.com