Oct. 17 - Bill Holdings shrinks workforce | Airwallex eyes US expansion

Airwallex plots bigger US presence; Fed to boost payments services’ days of operation; Basis Theory raises $33M; Inside Bobby Leibrock’s first 100 days at ACI

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Oct. 17, 2025 | Today’s news and insights for payments leaders

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Bill to cut workforce by 6%

The bill payments company is cutting about 140 jobs as it comes under pressure from activist investors, including Starboard Value.

Airwallex plots bigger US presence

The payments platform will use its recent acquisition of U.S. startup OpenPay to build out a billing platform in the Americas.

Fed to boost payments services’ days of operation

The Federal Reserve plans to have the Fedwire Funds Service and the National Settlement Service operate on Sundays, but not until several years from now.

TRENDLINE

The growth of digital wallets in the U.S.

With more payments competitors jockeying to attract consumers, taking new approaches and offering fresh features, the use of digital wallets in America is poised to grow too. Explore the state of digital wallets in this Trendline.

Basis Theory raises $33M

The San Francisco-based payments infrastructure startup to pour additional capital into its agentic AI capabilities.

Q&A

Inside Bobby Leibrock’s first 100 days at ACI

The former IBM and Red Hat executive discusses why collaboration, motivation and curiosity are the pillars of his approach to this new CFO role.

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