American mobile payments service owned by PayPal; peer-to-peer transfers with public transaction feed
Stripe and Advent are pressing forward with a potential bid to jointly acquire PayPal, valuing the payments giant around $53-60 billion and backed by roughly $50 billion in bank financing. PayPal has not yet responded as discussions continue, with experts noting the deal would create a dominant dual-powered payments group.
The Federal Trade Commission has secured a $2.5 billion settlement with Amazon over unlawful Prime enrollments and hard-to-cancel policies. Eligible U.S. customers may receive up to $51 per claim, with payments expected by September 2026. Amazon must tighten enrollment and cancellation disclosures and stop challenged enrollment practices.
X Money has launched for US Premium and Premium+ subscribers, offering 6% APY on deposits and 3% cashback. Real-time transfers within X and an X-branded Visa card are available, but several markets lack money transmitter licenses and transfers face limitations, prompting questions about adoption as the broader payments ecosystem evolves.
Universities UK and sector leaders warn that a levy on international student fees, combined with fee freezes, is intensifying financial pressure on UK higher education. Visa declines and course cuts threaten jobs and offerings even as demand from UK students remains strong.
Castellanos has committed to Texas Tech after Brendan Sorsby’s gambling-related exit. Will Hammond is slated as the starter; Castellanos could back him up as Tech opens against Abilene Christian. Castellanos has thrown for 6,449 yards and 48 TDs in 38 college games.