The 5-minute briefing for payments professionals who need to know what happened, what it means, and what to do about it — before their 9am.
Trusted by payments operators
Joined by 60+ product, risk, and partnerships leads at networks, issuers, acquirers, and fintechs.
Story 01
Capital One has completed its acquisition of Discover Financial, a strategic move that promises to enhance digital experiences and establish a stronger national banking presence. Announced in May, this merger is set to reshape the competitive dynamics within the U.S. banking sector, as evidenced by Capital One's reported spending growth in recent quarterly results.
In a landmark move for traditional banking, PNC Bank has teamed up with Coinbase to provide cryptocurrency services to its clients. This partnership marks a significant step towards integrating crypto solutions in mainstream financial institutions, potentially driving wider adoption of cryptocurrencies among traditional bank customers.
Source:Stripe has strategically acquired Orum, a payments API provider, to enhance its complex payment operations management. This acquisition not only broadens Stripe's service offerings but also reinforces its leadership in the digital payments industry, setting new standards for payment orchestration.
Source:Equifax and Mastercard are pioneering the use of open banking data to improve credit access for Australians with limited credit history. By utilizing alternative data, this initiative aims to create more inclusive financial profiles, potentially transforming credit qualification processes for individuals and businesses.
Source:The Bank of England is reconsidering its digital pound initiative, reflecting growing global skepticism about the benefits of central bank digital currencies (CBDCs). This potential pivot could influence future policies and the global stance on the adoption of national digital currencies.
Source:“Did you know? AI startups in the U.S. attracted a whopping $104.3 billion in investments in the first half of the year, outpacing funds recovered through exits.
Free · Weekday mornings · Unsubscribe in one click
