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Coinbase Lays Off 30, Shutters Chicago Office

PYMNTS

Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago. “We which is a Visa debit card that lets customers in the U.K.

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Apple Card Now Reporting To Experian

PYMNTS

Apple Card users say reporting of their credit card use is now appearing on Experian, the consumer credit reporting company, AppleInsider reported. Reporting of the Apple-branded credit card user’s information had been limited to TransUnion, the Chicago-based consumer credit reporting agency.

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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.

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Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. Only about 15 percent said they spent the entire stimulus check.

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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. Venture Partners, while existing backer Chicago Ventures and newcomer Soma Capital also participated, according to a press release. Even so, an impressive $114 million was raised by U.S. ”

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Google Pay Now Supports Cards From 13 More US States

PYMNTS

Ahead of the Fourth of July holiday, Google Pay has rolled out mobile support for cards from 13 U.S. Services like Google Pay must come to an agreement with a credit union or bank before they can support a consumer’s debit or credit card, 9to5Google reported. The report also noted that it seems U.S.

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Amazon One Lets Consumers Pay With Their Hand

PYMNTS

The giant eCommerce website can now connect a stored credit card with a palm print. But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. Instead, he said, the palm images are encrypted and stored online.