Why Shift4 targets big merchants
The processor’s CEO explained why the payment processor looks for merchant customers with multiple locations or vendors with complex software needs.
https://www.paymentsdive.com/news/why-shift4-targets-big-merchants/810133/
Fresh off merger, Pinnacle plans to keep hiring bankers
The bank is looking to recruit and hire 225+ revenue-producing bankers, such as relationship managers and trust and wealth advisors. The target number is even higher for 2027
https://www.americanbanker.com/news/fresh-off-merger-pinnacle-plans-to-keep-hiring-bankers
JPMorgan CEO mocks card rate cap idea
The government should impose a 10% credit card interest rate freeze in Massachusetts and Vermont as an experiment, CEO Jamie Dimon said.
https://www.paymentsdive.com/news/jpmorgan-ceo-mocks-card-rate-cap-trump-interest-rates/810217/
PayPal seeks an #AI edge by buying #eCommerce #FinTech Cymbio
Cymbio's team will develop #AgenticCommerce technology for PayPal, including tools to make it easier for AI bots to discover merchants and make #Payments.
PayPal buys Israeli #AI firm
The digital payments pioneer said it purchased Cymbio, a company that has been a partner in providing multi-channel orchestration services.
https://www.paymentsdive.com/news/paypal-buys-israeli-ai-firm/810244/
Huntington eyes a Texas-sized growth spurt in 2026
After announcing two bank acquisitions in 2025, Huntington has made its bias for organic growth clear. But Chairman and CEO Steve Steinour isn't entirely ruling out additional M&A activity, provided that a prospective deal fits its parameters.
https://www.americanbanker.com/news/huntington-eyes-a-texas-sized-growth-spurt-in-2026
Oportun CEO Vazquez to step down after investor pressure
The resignation follows a two-year campaign by activist investor Findell Capital, which owns approximately 9.5% of Oportun and criticized the company's lending practices.
https://www.americanbanker.com/news/oportun-ceo-vazquez-to-step-down-after-investor-pressure
#Payments fraud risks burgeon with #AI
The artificial intelligence threats are mounting, but so are the defenses, as new industry trends take hold, from agentic commerce to passkey adoption.
https://www.paymentsdive.com/news/payments-fraud-risks-burgeon-with-ai/810078/
Banco Inter gets Fed approval for U.S. digital branch
Inter is the latest of several Brazilian digital finance companies to expand in the U.S. in recent months to serve Latin American customers.
https://www.americanbanker.com/news/banco-inter-gets-fed-approval-for-u-s-digital-branch
Crypto lender Nexo fined $500K by California regulator
Nexo issued loans without considering borrowers’ ability to repay, the regulator said. A Nexo spokesperson said the “legacy issues” do not “reflect the company’s current operations.”
Alex Jimenez
