Block’s stock tanks after revenue miss
The payments company’s third-quarter results came in $250 million below Wall Street’s expectations, disappointing investors.
FedNow saw $17.5 billion of transactions last quarter
The Federal Reserve released the volume of activity on its instant payments network since its launch last summer, showing a surge in usage between July and August.
Punishing workers who send remittances overseas is bad policy
A punitive tax on payments sent overseas to the families of immigrants would have a cascading set of consequences — all of them bad.
Fintech Sunbit seeks BNPL distinction in co-branded cards
The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.