Emily Mason

New York

I cover fintech and crypto for @business. Find my byline in @Forbes, @ForbesCrypto, @amNewYork, @GothamGazette, @nyunews

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Articles

Circle Plans Stablecoin-Powered Cross Border Payments Network

2 days ago | news.bloombergtax.com | Emily Mason

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Circle Plans Stablecoin-Powered Cross Border Payment Network

2 days ago | bloomberg.com | Emily Mason

The Circle logo arranged in New York, US, on Wednesday, Feb. 12, 2025. Circle Internet Financial Ltd.'s USDC stablecoin has gained back all of the market value it lost after the collapse in crypto prices following the failure of FTX. Photographer: Gabby Jones/Bloomberg(Bloomberg) -- Circle Internet Group Inc. is launching a payments network designed to allow financial institutions and technology firms to settle cross-border transactions in stablecoins.
Meet the new bankers: Stripe the latest fintech entering sector in US

5 days ago | irishexaminer.com | Emily Mason

Some fintechs have a new strategy for navigating the risks and limitations associated with their partnerships with banks: become a bank themselves. Payments unicorn Stripe, founded by Irish brothers John and Patrick Collison, and bank technology provider Fiserv have pursued a narrow banking charter in the US state of Georgia, a signal that financial-technology companies are increasingly moving to gain more control over their businesses by reducing dependence on bank partners.
Worldpay’s $24.3 Billion Sale Breaks Wall St’s M&A Logjam

1 week ago | bloomberg.com | Steve Dickson |Emily Mason

A Worldpay Inc. payment terminal. (Bloomberg) -- A trio of deals valuing Worldpay at $24.3 billion created a new behemoth in payment processing and cracked open a merger market that’s been stagnating after US President Donald Trump’s tariff policies roiled markets. Global Payments Inc. acquired the 45% stake in Worldpay that Fidelity National Information Services Inc.
Stripe’s Banking Push Comes as Fintechs Dive Deeper Into Finance

1 week ago | bloomberg.com | Emily Mason

The Stripe Inc. headquarters in South San Francisco. (Bloomberg) -- Some fintechs have a new strategy for navigating the risks and limitations associated with their partnerships with banks: Become a bank themselves. Payments unicorn Stripe Inc. and bank technology provider Fiserv Inc. have pursued a narrow banking charter in the state of Georgia, a signal that financial-technology companies are increasingly moving to gain more control over their businesses by reducing dependence on bank partners.
Stripe’s Banking Push Comes as Fintechs Dive Deeper Into Finance

1 week ago | news.bloomberglaw.com | Emily Mason

Some fintechs have a new strategy for navigating the risks and limitations associated with their partnerships with banks: Become a bank themselves. Payments unicorn Stripe Inc. and bank technology provider Fiserv Inc. have pursued a narrow banking charter in the state of Georgia, a signal that financial-technology companies are increasingly moving to gain more control over their businesses by reducing dependence on bank partners.
Jack Dorsey’s Block to pay New York $40 million in Cash App settlement

1 week ago | crainsnewyork.com | Emily Nicolle |Emily Mason

“Following our recent settlement with our other state money transmission regulators, we have now reached an agreement with the final remaining state money transmission regulator, New York Department of Financial Services, to resolve the matter principally related to Cash App’s past compliance program,” Block said in a statement. Dow Jones reported the settlement earlier.
Jack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement

2 weeks ago | claimsjournal.com | Emily Nicolle |Emily Mason

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform. The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its customers and to monitor and report suspicious transactions in a timely manner, the agency said in a consent order Thursday.
Jack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement

2 weeks ago | bloomberg.com | Emily Nicolle |Emily Mason

Block has agreed to pay the fine and retain an independent monitor for a year. (Bloomberg) -- Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform.
How Financial Tech and Outsourced Banking Made Saving Risky Again

2 weeks ago | bloomberg.com | Paige Smith |Claire Ballentine |Emily Mason

(Bloomberg Markets) -- Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists.