Looking for the X-Factor in Stripe’s PayPal Bid
By now you’ve probably heard about Stripe’s recent $53 billion offer- alongside private equity firm Advent International as an essentially equal partner- to acquire PayPal. You’ve probably also heard that PayPal’s board has rejected the offer as insufficient. Odds are good this saga is far from over, however. Let’s explore a few of the angles that are poised to keep things interesting.
Christmas in July- The Fed Delivers New (2024) Payments Data
The Federal Reserve has a quirky pattern of sharing results of its flagship payments research over major holidays. Usually that holiday is the Christmas/New Years window, with initial findings from the Fed’s triennial Payments Study shooting down the chimney. For whatever reason this cycle’s initial results were delayed until the eve of America’s 250th birthday.
A Remarkable Month for Interchange – But What Has Really Changed?
The interchange debate has been a perpetual moving target for the past few years. With the dust having apparently settled momentarily, let’s dive into some remarkable events that have occurred over May and June alone.
New Analysis Supports Credit Union “Everyman” Claims
Based on the size of the audience Americas Credit Unions’ economic team attracts, I’m clearly not the only one who considers their Economic Update one of the highlights of the annual government Affairs Conference.
Real Time Payments’ Rapid Ascent Continues, with Some Odd Footnotes
In February we performed a side-by-side comparison of the impressive 2024 growth of RTP, FedNow and Same Day ACH, albeit off relatively small bases. At 2025’s halfway point the story is much the same- solid percentage growth continues despite larger starting points, while the dollar value of these transactions raises some intriguing questions.
A Stroke of Genius? Regulation Comes Full Circle
Last week the Genius Act, a bill creating a regulatory framework for stablecoins, passed the Senate by a 68-30 vote- a remarkable level of bipartisanship in this day and age. The legislation was enthusiastically received by banking as well as crypto groups- the latter reaction perhaps shocking to those who recall the crypto community’s mindset as recently as early 2024.
What the Chime and Circle IPOs Mean for Fintech Investment
The first half of June has been remarkably eventful for the fintech investing world. On back-to-back Thursdays, market bellwethers Circle and Chime completed successful initial public offerings- trading on the NYSE and NASDAQ, respectively.
A Tale of Two Coinbases
For Coinbase it was the best of weeks and the worst of weeks- all wrapped into one.
Let’s lead with the positive- last Monday S&P Global announced that it was adding Coinbase to its benchmark S&P 500 stock index. This marks a watershed moment for the crypto sector, a major psychological milestone signifying the mainstreaming of an industry that not long ago seemed on the ropes as a result of multiple scandals and depressed asset prices.
Honey, I Shrunk the NCUA Board
It was a fascinating week to be in the presence of 500 credit union leaders at NACUSO’s Reimagine conference. After all, the internal machinations of an obscure federal financial insurance/supervisory agency aren’t exactly headline fodder for the general public. To the industry professionals assembled in Vegas, however, it was clear a seismic shift had occurred. (Despite our lighthearted title let me be clear- this is no laughing matter.)
Executive Order to Eliminate Checks Isn’t Worth the Paper it’s Printed On
The number of Executive Orders emerging from President Trump’s Oval Office has been unprecedented. Many have been far-reaching and, in the eyes of some, over-reaching. Others have been just… weird. March 25’s EO mandating that the Federal Government cease issuing paper checks falls in the latter category.