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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

PYMNTS

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Samsung To Roll Out Pay Card For Digital Wallet With Mastercard, Curve. Wirecard Files For Insolvency, Seeks Court Protection.

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Marqeta to buy Power Finance

Payments Dive

The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

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Can New York's 'migrant prepaid card' boost financial inclusion?

American Banker

The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.

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No Credit Score? Say Hello to Petal Card

Bank Innovation

EXCLUSIVE – With its first credit card out today, New York fintech Petal aims to serve the “credit invisible,” according to its CEO and co-founder Jason Gross, by granting credit cards sans credit score. Instead of focusing on credit scores, Petal looks at an applicant’s financial behavior.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

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New Hampshire credit union hopes gift cards will give it an edge

American Banker

Bellwether Community Credit Union's partnership with the New York ad tech firm Prizeout is working to build out gift card programs and generate added sources of non-interest income.

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Grasshopper Gearing Up To Launch Challenger Bank In New York

PYMNTS

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. In a press release, the U.K. billion.

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