Stablecoins are often portrayed as a triumph of blockchain innovation, but behind the scenes they can frequently run on conventional infrastructure. It may come as a surprise to corporate leaders weighing blockchain finance solutions that, in practice, much of the heavy lifting enabling stablecoin transactions can happen off chain, not on it. Stablecoin ledger […]The post Behind the Stablecoin Buzz, Old-School Infrastructure Still Runs the Show appeared first on PYMNTS.com.

WalletConnect, a company that enables businesses to accept crypto and stablecoin payments, has appointed Riaz Bordie, a former Checkout.com and SumUp, as its chief technology officer. Bordie will drive the technical development of WalletConnect Pay, the company’s payment method that allows the acceptance of crypto and stablecoin payments on a widely adopted wallet network, […]The post WalletConnect Recruits Checkout.com Veteran Riaz Bordie to Take Crypto Payments Mainstream appeared first on PYMNTS.com.

Australian buy now, pay later firm Zip says it is seeing enthusiasm from American customers. The company reported earnings Thursday (Feb. 19) that showed revenue growth of 46.4% for Zip’s U.S. business. Growth during the company’s second quarter was “supported by a strong holiday trading period, which included the single largest day and month of transaction volumes in […]The post BNPL Firm Zip Shares Hit 11-Year Low on Flat Earnings Forecast appeared first on PYMNTS.com.

OpenAI’s latest round of funding could reportedly value the startup at more than $850 billion. The ChatGPT creator is close to concluding the initial phase of a new round of funding that is likely to take in upwards of $100 billion, Bloomberg News reported late Wednesday (Feb. 18), citing sources familiar with the matter. […]The post OpenAI’s New Funding Round Could Exceed $100 Billion appeared first on PYMNTS.com.

Online retail platform eBay has invested in TrueLayer as part of a partnership with the Pay by Bank provider. “This milestone follows a year of strong momentum for Pay by Bank across Europe, as merchants increasingly prioritize fast, safe, and flexible payment options that align with evolving consumer payment preferences,” TrueLayer said in a […]The post eBay Invests in European Pay by Bank Network TrueLayer appeared first on PYMNTS.com.

For more than two decades, financial technology companies have been racing to expand a financing model invented by General Motors over a century ago. The model established in‑house finance arms so that car buyers could get a loan at the dealership instead of trudging to a bank. Now the sprint to put more financial […]The post What Happens When Embedded Finance Grows Up? appeared first on PYMNTS.com.

Hype can go hand in hand with immediacy. Since artificial intelligence first went mainstream, the innovation has been framed as having an immediate impact. As a result, the goals for enterprise buyers have centered around productivity gains that happen upon implementation; quick, cost-saving wins that justify experimentation; and other early, easy victories. However, PYMNTS […]The post Billion-Dollar Firms Swap AI Hype With Long-Term Capital Discipline, Data Shows appeared first on PYMNTS.com.

Cash is king when uncertainty reigns. But for many firms, profit is not disappearing due to macroeconomic forces alone. In many cases, it is being forfeited through slow processes, limited visibility and outdated assumptions about how their payments operations and accounts receivables (AR) functions must work. In an environment where growth is harder to […]The post US and Canadian Middle-Market Firms Gain Working Capital Edge With AI Cash Forecasting appeared first on PYMNTS.com.

Rule 1033 was supposed to be the moment U.S. “open banking” stopped being a patchwork of screen-scraping workarounds and became a regulated data-right. The Consumer Financial Protection Bureau (CFPB)’s final rule set out a clean idea: Consumers should be able to direct their bank or card issuer to share their account data with authorized […]The post Data Aggregators Push Secure Access as Rule 1033 Rewrite Looms appeared first on PYMNTS.com.

Watch more: TechReg Talks With Nixon Peabody’s Andrew Glass and Gregory Blase For years, getting a bank charter was something only traditional financial institutions worried about. That’s changing fast. A growing number of FinTech companies now see charters as powerful tools that can shape how they build their businesses, manage compliance and compete in […]The post Legal Experts Say Shifting Federal Stance on Digital Assets Puts Bank Charters Back in Play appeared first on PYMNTS.com.