Category: FinTech News
FinTech News
Google Pay Unveils Overhaul, Opens Waitlist for Banking Account
by Fioney Staff
Users of Google Pay for Android or iOS may have noticed some major changes to the app this week. A new update turns the focus to personal finance as well as peer to peer payments, while also teasing future endeavors. First, users can now link bank accounts and credit cards (via Plaid) to Google Pay in order to see their spending — regardless of whether they're using Google Pay to... FinTech News
Klarna Introduces Price-Tracking Widget for iOS
by Fioney Staff
Recently, the Swedish FinTech Klarna has made a name for itself stateside, offering shoppers the ability to purchase items with a simple four-payment plan. Now, the company has introduced a new price-tracking widget for iPhone users. According to the app, this widget will rotate through recently-viewed and saved items and share relevant pricing updates. While the app notes that the addition of this tool will help shoppers score the best... FinTech News
BitPay Launches BitPay Send Feature for Businesses
by Fioney Staff
It's no secret that the typical employment model has been upended in recent years. Not only has the gig economy continued to grow but, due in part to the COVID-19 pandemic, remote work is at a new high. With that in mind, BitPay recently launched a new tool called BitPay Send that could also change the way that workers and contractors are paid. The mass-payment tool allows businesses to run... FinTech News
Mastercard Announces 10 FinTechs to Participate in Latest Start Path Program
by Fioney Staff
Mastercard is once again looking toward the future of FinTech, announcing the 10 startups that will join the company’s Start Path program. This year’s selected companies include: Carry1st, FISPAN, Lendio, LISNR, Mocafi, MO Technologies, Panda Remit, Paycode, Fanbank/Plink, and Subaio. These startups will participate in a six-month program where they will not only work on developing their own platforms but also explore opportunities to integrate Mastercard’s infrastructure and technologies. Reflecting... FinTech News
Justice Department Files Lawsuit to Block Visa's Plaid Acquisition
by Fioney Staff
Reports that the United States Department of Justice was considering action against Visa in regards to their planned acquisition of Plaid came to fruition this morning. As TechCrunch reports, the Justice Department has filed suit against both companies on antitrust grounds. Earlier this year, Visa announced that it intended to purchase Plaid for an eye-popping $5.3 billion. Now, that deal could be in peril. For those unfamiliar, Plaid offers an... FinTech News
Zelle Tops 1 Billion Transactions in the Past 12 Months
by Fioney Staff
When it comes to peer to peer payments, often times FinTechs such as Venmo, Square Cash, and others come to mind. Yet, one competitor has managed to grow without much fanfare: Zelle. Now, Early Warning Services, LLC (the network operator behind Zelle) announced that the service recently achieved a major milestone. According to Zelle, the platform processed more than one billion transactions between September 2019 and September 2020. That milestone-breaking... FinTech News
Credit Karma Reportedly in Talks to Sell Tax Prep Platform to Square
by Fioney Staff
Earlier this year, Intuit announced plans to purchase the personal finance tool Credit Karma for a whopping $7.1 billion. Of course, with Intuit perhaps being best known for its TurboTax software, one major question about the proposed purchase was what would become of Credit Karma's free Credit Karma Tax service? Now reports suggest that that the company could be seeking to offload the platform onto a fellow FinTech: Square. Initially...