The Latest
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Zip targets BNPL services at everyday purchases
New partnerships focused on common consumer transactions recently allowed the Australian buy now, pay later company to boost revenue in the U.S. market.
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Courtesy of Taco Bell
PAR Technology fuels software strategy with acquisitions
The company has pivoted to a software strategy, by buying up other companies and building on its point-of-sale hardware beginnings.
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Anna Moneymaker/Getty Images via Getty Images
Trump names coins in strategic crypto reserve
Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.
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Lynne Marek/Payments Dive
Visa lays out blueprint for global growth
As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.
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Permission granted by Fiserv
Q&AFiserv exec talks real-time payments and challenges
Matt Wilcox, president of digital payments solutions for Fiserv, discussed the company’s plans for making real-time payments ubiquitous, and the hurdles to reaching that goal.
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kentoh via Getty Images
Dwolla taps Walmart alum for CFO
Daniel Quezada is the payments player’s second chief financial officer in less than two years.
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George Calvelo via Getty Images
Flywire cuts 10% of workforce, undertakes strategic review
The payments software company is paring its workforce after a drop in demand in its education vertical. It's also undertaking a comprehensive review of operations.
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gradyreese via Getty Images
NCR Voyix links with Worldpay, reports revenue drop
The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.
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Kayla Bartkowski / Staff via Getty Images
Democrats needle McKernan at nomination hearing
Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined up to be the No. 1 horse at the glue factory.”
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Permission granted by Money 20/20
Marqeta replaces CEO, makes acquisition
The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.
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Permission granted by Stripe
Stripe bids for worker shares in offer worth $91.5B
The payments processing company will join with some of its investors to buy stock from current and former employees, Stripe said Thursday.
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Noam Galai via Getty Images
Mastercard taps State Dept official for top role
Richard Verma will rejoin the company this spring as chief administrative officer, overseeing legal and government affairs, Mastercard said Wednesday.
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Lynne Marek/Payments Dive
FedNow boosts send option to $1M
Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.
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Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
Gen Z uses BNPL more than credit cards, survey shows
A J.D. Power survey of about 4,300 U.S. consumers found that more of them used buy now, pay later products than credit cards during the holiday shopping season last year.
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Scott Olson via Getty Images
Amex, Alipay target fast-growing China market
The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.
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Anna Moneymaker via Getty Images
Durbin to reintroduce credit card competition bill
The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.
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Courtesy of Facebook
Digital gift card provider Raise closes $63M round
Cryptocurrency-focused investment firms and organizations poured capital into the gift card company that says it focuses on “blockchain-powered payments.”
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Justin Sullivan via Getty Images
PayPal CFO takes on COO role
Jamie Miller added the new responsibilities as she teams with CEO Alex Chriss to give the digital payments pioneer a bigger role in commerce.
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Matt Winkelmeyer via Getty Images
Stripe employee share sale may mean delayed IPO
An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.
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Permission granted by SoLo Funds
CFPB drops case against SoLo Funds
The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said.
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ferrantraite via Getty Images
Will Global Payments sell its issuer business?
Some analysts are pressing the processor to consider divesting the segment that caters to financial institutions, even as its merchant segment grapples with competition.
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Anna Webber via Getty Images
Block begins rollout of Afterpay on Cash App debit card
The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.
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Courtesy of Toast Media Kit
Toast dips toe into retail payments
Mainly known as a company catering to restaurants, Toast executives said they plan to partner with more food and beverage retailers this year.
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Michael M. Santiago via Getty Images
23 AGs line up behind Baltimore in CFPB case
Efforts to shutter the agency are against public interest, the AGs said. The CFPB’s attorneys argue it’s in the public interest to act “consistent[ly] with the philosophy of a new administration brought about by a national election."
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Alex Wong / Staff via Getty Images
Fed’s Barr warns of weaker regulation, supervision
The Fed board, he said, should resist initiatives that impede effective supervision by discouraging examiners to flag issues early, or ones that add to the process unnecessarily, he said.
