The Latest

  • Klarna IPO
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    Noam Galai via Getty Images
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    Klarna pursues more banking customers

    The company is targeting more long-term loan and debit card customers as an avenue for growth as it tries to curtail losses.

  • Uber rideshare airports Adyen payments
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    Mario Tama via Getty Images
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    Q&A

    How to hire Uber without a phone

    Payments processor Adyen and rideshare pioneer Uber are installing kiosks at airports and hotels for travelers without the app (or those with a dead phone).

  • Fiserv Argentina payments processing currency inflation
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    Tomas Cuesta via Getty Images
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    Visa to buy Prisma in Argentina

    The card network company is buying the card processing and real-time payments assets as it expands its reach in South America.

  • ​A close-up of an iPhone screen displaying the Remitly: Send Money & Transfer app's listing in the Apple App Store. The screen shows the Remitly logo, app name, and download option, highlighting the digital remittance service's presence on mobile platforms.
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    Alamy
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    Remitly co-founder CEO exits

    Matt Oppenheimer, who has been CEO of the remittance provider for nearly 15 years, will become the board’s chair, with former Santander executive Sebastian Gunningham becoming CEO.

  • Toast for Hotel Restaurants
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    Permission granted by Toast
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    Toast courts fast-food restaurants

    The company is entering the drive-thru business in a bid to attract more of the quick-service sector to its customer rolls.

  • credit cards interest rates caps Congress Elizabeth Warren Jamie Dimon banks
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    Jemal Countess via Getty Images
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    Senator spars with JPM’s Dimon

    Sen. Elizabeth Warren says a bill she’s backing emulates a proposal by JPMorgan Chase CEO Jamie Dimon to let states determine their own card interest rate caps.

  • A group of people stand behind a blue ribbon while a person in the center holds giant red scissors about to cut the ribbon.
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    Permission granted by 7 Brew
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    Global Payments builds salesforce

    The payments processor plans to hire hundreds of additional sales agents this year as it builds on its acquisition of Worldpay.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Stripe’s Bridge wins OCC conditional approval

    The nod for a national trust bank charter comes after digital-asset firms Circle, Ripple and Paxos received a similar green light.

  • BNPL Sezzle retail consumer shopping buy now pay later financing loans
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    Getty Images
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    Sezzle adds phone service offer

    The new plans will be available at cheaper rates for Sezzle subscribers, as the BNPL provider seeks to grow its subscription business.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm partnerships target growth

    The company’s latest collaborations are aimed at branching out into more sectors of the economy, consultants and analysts say.

  • stablecoins remittances P2P peer to peer payments Colombia MoneyGram
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    Getty Images
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    How stablecoins are finding a foothold

    The digital currency’s earliest use cases are focused mostly on cross-border payments and peer-to-peer remittances.

  • Cash App loans credit scores
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    Getty Images
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    Cash App debuts payment links

    After PayPal debuted a similar feature last year, Cash App also wants to simplify payment requests for users.

  • Hand holding Saphire Preferred credit card reaches to tap the card at a fuel pump.
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    Justin Sullivan via Getty Images
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    Q&A

    Why virtual cards can be safer than plastic

    Many companies are swapping plastic payment cards for virtual because they’re less prone to fraud, Boost Payments Chief Revenue Officer Seth Goodman said.

  • Bill Holdings business payments SaaS activist investors
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    Getty Images
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    Bill weighs the best path to profits

    Business payments company Bill Holdings is mulling a sale, according to a media report, as recent B2B fintech deals show ample buyer interest.

  • Cash App lawsuit settlement
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    Sean Zanni via Getty Images
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    Cash App to sell its credit score

    Block on Thursday opened up a waitlist for companies that want to access deeper insights from its Cash App consumer scoring.

  • Illinois card fee interchange law litigation retail restaurants
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    Getty Images
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    Judge backs Illinois law on card fees

    A U.S. judge ruled that federal bank law doesn’t preempt an Illinois effort to ban card interchange fees on sales tax and tips. Bank groups vowed to appeal.

  • JPMorgan Chase Nacha ACH payments blockchain
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    Getty Images
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    JPMorgan, Nacha to share data via blockchain

    The companies aim to simplify the account verification process for JPMorgan Chase customers.

  • Walmart retail credit card swipe fees Visa Mastercard
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    Jessica McGowan via Getty Images
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    Merchants seek hearing on card pact

    Large retailers opposing a swipe-fee settlement with Visa and Mastercard want a judge to hear oral arguments before he rules on the proposal.

  • Russell Vought CFPB
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    Kayla Bartkowski via Getty Images
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    GAO details CFPB’s downsizing

    The scope of the CFPB’s downsizing were explored in two reports released Monday, one of which concludes that the changes cost consumers $19 billion.

  • Fiserv headquarters
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    Courtesy of Fiserv
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    Fiserv struggles with financial business

    Revenue in the company’s financial services and banking sectors fell year-over-year, which executives attributed to market share loss among credit unions.

  • earned wage access lawsuits appeals
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    Getty Images
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    EWA products aren’t loans: fintechs

    Trade groups representing fintechs filed briefs urging a U.S. appeals court to reverse two district court rulings against earned wage access providers.

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    Teresa Kroeger via Getty Images
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    Block to chop up to 10% of employees

    The company is reducing its workforce to trim overhead costs and stay below a 12,000 employee cap, analysts said.

  • Federal Reserve ACH FedNow real time payments fintechs banks
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    Alex Wong via Getty Images
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    Fed ‘skinny’ account idea draws criticism

    A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

  • Alipay, PayPal, Payoneer, Google pay, Wise, MoMo, GCash, Wechat and M-PESA app icon on screen.
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    Robert Way via Getty Images
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    Payoneer CFO eyes stablecoin, AI innovation

    Bea Ordonez said the payments company is focused on expanding its core ecosystem, strengthening partnerships, and building out strategies for stablecoin and AI.

  • recurring payments subscriptions Butter technology
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    Getty Images
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    Q&A

    How to fix subscription pay friction

    What can a subscription-based company do when a customer hasn’t canceled but their payment fails? Butter has an algorithmic fix.