CFPB Chair Rohit Chopra refused to speak directly to Capital One and Discover, but said he was thinking about “large issuers . . . that compete in a number” of niche credit card markets. Wink wink, nudge nudge.
Read MoreIn an interview with The Financial Revolutionist, Margaret Weichert, Chief Product Officer of The Clearing House, suggests that RTP volume growth will only accelerate, centered around five B2B and B2C use cases that may help RTP outperform FedNow over the long run.
Read MoreFrom Carey Ransom: Recently, we’ve seen a number of consumer fintech startups pivot from going directly to consumers to trying to sell to banks or through them to reach consumers—or, as we would say, from B2C to B2B2C. Can it work as a better strategy and business, or is it desperation?
Read MoreMany DeFi consumers engage in the space due to its pseudonymous capabilities; that becomes nearly impossible when social security numbers and other identifiers enter the mix, and when DeFi platforms have to adjust for record-keeping and reporting requirements.
Read MoreThe CFPB—at least in its current form—may attempt to rally public opinion around its idea of digital wallets and their underlying risks.
Read MoreWith Mastercard opting to make its latest tie-up with Alipay but not Tencent, might Visa opt to partner with Alipay’s competitor?
Read MoreWhat sort of antitrust implications arise when the world’s largest social media conglomerate partners with the world’s largest e-commerce company? How does it affect consumer and business wellbeing?
Read MoreExchange rate markups affect everyday people, not just wealthy tourists—deleteriously affecting small businesses, consumers who send remittances abroad, as well as servicemembers—amounting to a whopping $5.8B in lost value last year.
Read MoreRegulators are in a double bind. The antitrust concerns are real—as is the potential for this acquisition to disrupt the Visa-Mastercard duopoly.
Read MoreAccording to Ravi Venkatesan, CEO of Cantaloupe, the CHEQ acquisition aligns squarely with Cantaloupe’s mission. “We want to move as much commerce as possible to self-service commerce, and we want to be the technology that powers that self-service commerce,” he said. “It's really that simple.”
Read MoreMaybe above all else, ask yourself this: If you’re not pining for a $3,499 isolationist “iPad for your face,” then why would others?
Read MoreTaking a look at publicly listed tech companies’ payments-focused strategies suggest that payments will remain a cash cow and focus of investment this year across fundraising fora—not just VCs and private markets.
Read MoreIntroverts or not, consumers continue to approach in-person commerce as a productive, social, and non-fungible practice.
Read MoreOnsite at Money20/20, The FR sat down with Barry McCarthy, CEO & President of Deluxe.
Read MoreTo Dave Baxter, CEO of Solutions by Text, the expansion into embedded payments is a logical next step for SBT that ultimately benefits consumers. “Bill pay isn’t going away,” Baxter said, citing its place as 30% of consumer spend.
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.
