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Archive · September 15, 2026

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Story 01

Nubank Launches US Deposit Account Through Sponsor Bank Partnership

Nubank has introduced a US deposit account via a sponsor bank, marking its first deposit product directly available to American consumers. This expansion puts Nubank in direct competition with US neobanks and traditional banks, as it adapts its Latin American strategy for the US market. Nubank’s leadership is actively recruiting US customers and working with regulators to ensure compliance as it seeks to establish a foothold outside Brazil.

Also Worth Knowing
02

Mastercard Pursues Stablecoin Partnerships and Acquisitions for Payments Growth

Mastercard’s CFO outlined a strategy focused on building stablecoin infrastructure and acquiring complementary businesses to capture new payment flows. Mastercard is actively seeking partnerships with merchants and issuers and engaging with regulators to advance stablecoin settlement, aiming to strengthen its position against Visa and fintech competitors.

Source: PYMNTS
03

Revolut Data Breach Raises Security Concerns After Government Email Scam

Revolut reported a breach where fraudsters exploited a legitimate government email domain to access sensitive customer data. The incident exposes Revolut to increased regulatory scrutiny and could slow customer acquisition, as competitors highlight their own security measures to attract wary users.

Source: Finextra
04

Tabby Raises $233M, Reaches $6.5B Valuation to Accelerate Middle East BNPL Expansion

Saudi-based BNPL fintech Tabby secured $233 million in new funding, raising its valuation to $6.5 billion. The investment will support product development and regional expansion, intensifying competition with other BNPL providers as Gulf consumers increasingly adopt installment payment options.

Source: Finextra
05

Bank of Ireland Partners With Stripe to Modernize Digital Banking

Bank of Ireland announced a partnership with Stripe to upgrade its digital services, aiming to set a new benchmark for Irish banking. By integrating Stripe’s payments infrastructure and developer tools, Bank of Ireland seeks to enhance customer experiences and prompt rivals to accelerate their own digital transformations.

Source: Finextra
The Long Memory
The first magnetic stripe credit card was introduced by IBM in 1969, revolutionizing how payment data could be stored and read electronically.

Filed under: Payments History · The Long Memory

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