Caesar Sengupta, Google’s head of payments, to leave for ‘new mission’ next month
/Google’s head of payments says he’s leaving the company for a yet-to-be-announced “new mission.” His last day at the company is April 30.
Read MoreGoogle’s head of payments says he’s leaving the company for a yet-to-be-announced “new mission.” His last day at the company is April 30.
Read MoreAs Stripe reaches a $95B valuation, its talent is being sought out by newer startups looking to scale. This week, Ramp, a two-year-old corporate card startup, hired Colin Kennedy, Stripe’s former global head of partnerships, as its chief business officer.
Read MoreStripe, a company whose tools allow merchants to accept payments, says it’s growing its European operations amid a $600M Series H fund raise.
Read MoreWhile the bulk of stimulus payment cards are going out through direct deposit, a significant number will be sent via MetaBank-issued prepaid cards.
Read MoreIn a crowded market of digital-only banks and bank-type platforms, cash back rewards are seen as a way to keep customers engaged.
Read MorePayments Canada and the Bank of Canada are in the process of setting up Real-Time Rail (RTR), a network that will allow Canadians to initiate payments and receive irrevocable funds in seconds, 24 hours a day, seven days a week. It will launch next year.
Read MoreA series of payments systems operated by the Fed went down for several hours on Wednesday due to an “operational error,” affecting multiple services, including the automated clearinghouse system (FedACH), a lifeline that connects financial institutions sending electronic credit and debt transfers.
Read MoreStreamlabs, a Logitech-owned company that specializes in tools to help streamers increase engagement, is including a tipping option in its mobile website builder Willow.
Read MoreStripe, a firm whose tools allow merchants to accept payments, has named Mark Carney to its board of directors. Carney, a former governor of the Bank of England and the Bank of Canada, is currently the United Nations envoy on climate action and finance.
Read MoreE-commerce and omnichannel business platform Shopify is integrating its payment button Shop Pay with Facebook and Instagram, allowing all Shopify merchants to offer it on their Facebook and Instagram stores.
Read MoreKlarna, a firm that’s best known for its point-of-sale financing toolset, reports that it more than doubled its total number of U.S. users to 15 million compared to just one year ago.
Read MoreFedNow, a real-time payments network run by the Federal Reserve, announced 110 new partner institutions for its pilot program, which includes banks and processors.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.