Stripe will collaborate with
The deal demonstrates the flexibility of
While
There is some risk for Stripe, reports the BBC, because the impact on Stripe's bottom line depends on the popularity of these foreign retailers inside of China. Stripe co-founder John Collison told the BBC these retailers are more likely to sell to Chinese consumers if it's easy for them to collect payments.
The megabank announced it would invest $16 million to grow its footprint in the North Carolina banking mecca.
The labor market was a bigger point of discussion in the Federal Reserve's most recent monetary policy-setting meeting, but officials were divided about the path of future actions.
The digital bank is also partnering with two pro pickleball leagues to court fans through a consistent presence at tournaments later this year.
Regulators from California, Massachusetts, Minnesota, Nebraska, New York and Texas levied the fine for anti-money-laundering and Bank Secrecy Act violations, which comes as Wise seeks a banking license in the U.S.
U.K. regulators said Monzo didn't properly vet new customers, while Vocalink was dinged for risk management lapses. Also, Paxos launched a dollar-backed coin in the European Union; and more news in the weekly global payments and fintech roundup.
The case has put chief information security officers on notice that they could be personally liable for false statements about security policies and practices.
