The Latest
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Stripe swallows Parafin
The mega processor is buying an embedded financing company that caters to small businesses, in its second acquisition in as many months.
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Will Europe unseat Visa, Mastercard?
The Wero project launched by European banks is making progress in challenging the card networks’ dominance on the continent, but the U.S. companies still have an edge, one firm’s analysts contend.
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AI shopping agents need receipts
As artificial intelligence assumes a bigger role in commerce and finances, having a clear record of agents’ actions is critical, executives said.
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Circle CFO to step down
Finance chief Jeremy Fox-Geen will leave the stablecoin issuer later this year, after ushering the company through its long-awaited 2025 IPO.
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FedNow tiptoes into cross-border
The Federal Reserve is inching toward adding some sort of cross-border capability to FedNow, but it’s not clear when or how.
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Apple lawsuit becomes class action
The tech giant could face claims from thousands of card issuers that paid Apple Pay fees for payments made via Apple’s devices as part of a California lawsuit.
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Senate passes Common Cents bill
The measure to provide merchants a cash rounding framework, and to formally phase out the penny, now heads to the White House.
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Stripe alums spark new payments plays
The digital processor has become a founders’ factory with former employees seeding startups across the financial technology field.
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Payment revenue growth to slow
The rate of payments-related revenue growth in North America, and globally, will slow in the next four years, a major consulting firm predicts.
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Fed proposes stablecoin rules
The regulations aim to make these digital assets “foster payments improvements that benefit households and businesses,” Federal Reserve Gov. Michael Barr said.
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Q&A
FIDO wrestles with agentic trust
The industry consortium and payments players are considering standards for agentic commerce, particularly for verifying identity.
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Kroger’s AI focus is on ‘flexibility and control’
From bridging the digital and physical shopping worlds to further ramping effective personalization, the grocer’s chief digital officer delved into the company’s priorities.
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ACH use rises for B2B payments
The automated clearing house payments have multiplied to overtake paper checks as the most popular form of business-to-business payments, according to a new Federal Reserve report.
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Moov adds P2P competition
Using Mastercard and Visa’s digital infrastructure, the tool facilitates peer-to-peer payments without requiring both parties to have the same app.
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Adyen snaps up Klarna CFO
The Dutch digital payments processor has hired Niclas Neglen as its new chief financial officer, but he won’t join until next year.
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How digital IDs may battle fraud
Americans are vulnerable to identification and payment frauds because the U.S. has been slow to adopt digital identification, two Congress members said.
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Amazon blocks Meta’s AI shopper
The e-commerce giant said Meta had failed to notify it about the Muse agent accessing its retail site to make purchases on behalf of consumers.
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Ramp tackles accounts receivable
“Finance teams today spend too much time chasing payments for outstanding invoices,” Ramp’s chief product officer said.
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Pentair picks up ex-Fiserv CFO
Former Fiserv CFO Bob Hau is stepping into Pentair’s top finance seat as it seeks to close a $1.4 billion acquisition of Taco Group.
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Column
Merchants call card-fee pact unconstitutional
Walmart and other retailers argue that forcing them to stay in a swipe-fee settlement class violates their due process rights.
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PayCompass, Simpay and Exectras come together
The three payments companies have formed a new processing venture that also sells healthcare services to merchants.
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Cross-border contest heats up
Technological innovation has enabled fintechs to carve out a beachhead in cross-border payments, but banks still have cards to play.
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Mastercard, Google push past passwords
The card network and the tech titan aim to reduce the need for one-time passwords and catalyze more use of biometric payments.
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Toast aims to scale drive-thru AI
The artificial intelligence company Presto is joining the point-of-sale firm’s ecosystem, seeking to ease restaurants’ use of a voice-order tool.
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FleetCor enters $100M settlement
The fuel card company, now known as Corpay, and its CEO agreed to pay the Federal Trade Commission $100 million to settle an action over fees.