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Nuvei’s global processing capabilities can now support 10,000 transactions per second and more than $1 trillion in annual payment volume.
These capabilities were expanded by the company’s expanded strategic partnership with Microsoft, which enables Nuvei’s core payment processing application programming interfaces (APIs) to run on Microsoft Azure and use Azure AI to optimize...
FinTech Propel Holdings received regulatory permission to launch its own bank.
The approval came from the Office of the Commissioner of Financial Institutions (OCFI) of Puerto Rico and allows Propel Bank to be licensed as an international financial entity (IFE) overseen by the regulator, according to a Tuesday (Dec. 2) press release.
“Propel Bank represents an evolution of Propel’s...
The banking system is “sound and resilient,” Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman said Tuesday (Dec. 2).
Bowman said this while testifying before the House Financial Services Committee on the Federal Reserve’s supervisory and regulatory activities. She also shared the Fed’s latest Supervision and Regulation Report, which found that the number of...
Visa helped launch three new digital wallets in Europe.
The wallets are being rolled out in collaboration with BBVA, Klarna and Vipps MobilePay, according to a Tuesday (Dec. 2) press release provided to PYMNTS. Visa is also working with BANCOMAT on a pilot planned for early 2026.
These are the first Visa-enabled wallets to use near field communication (NFC) technology to allow host...
Costco has sued the Trump administration over what it calls the country’s “unlawful” tariffs.
In a lawsuit filed last week, the warehouse retailer asks the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act (IEEPA) illegal, and seeks a full refund of all levies paid under President Donald Trump’s tariffs.
“Because IEEPA...
CFOs are getting tired of managing for surprises. They want to manage for strategy, instead.
But there is a foundational problem hidden beneath this expanding mandate. Most finance teams still lack continuous, trustworthy visibility into accounts payable, cash flow and the operational signals that shape working capital.
Their systems are fragmented, their data structures inconsistent...
Consumers are using credit in strategic ways.
This year’s Black Friday data gleaned by PYMNTS Intelligence showed that financially stressed households, young shoppers and high-income earners leaned into rewards to cover seasonal spending.
PYMNTS Intelligence’s “Black Friday on a Budget: How Discipline and Deals Shaped Holiday Shopping in 2025” found that consumers shifted from simply...
Global FinTech company Unlimit launched a non-custodial stablecoin clearing house designed to simplify blockchain transactions for businesses and individuals.
The Stable.com platform integrates non-custodial exchange with Unlimit’s global payments infrastructure so that users can swap and off-ramp across all major stablecoins, the company said in a Tuesday (Dec. 2) press release.
The...
Ten of Europe’s biggest banks have formed a company to launch a euro-pegged stablecoin.
The new venture, dubbed Qivalis, is a joint effort by BNP Paribas, Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit, the group announced Tuesday (Dec. 2).
“The launch of a euro-denominated stablecoin, backed by a consortium of European banks...
Velera is expanding its ATM network at thousands of Speedway locations around the country.
The payments credit union service organization announced Tuesday (Dec. 2) that it would add 2,500 ATMs at Speedway stores, bringing the total number of its Co-op ATMs to 37,000.
“Our Co-op ATM Network — the largest issuer-owned surcharge-free network — is built on the credit union principle of ‘...