Splitit targets areas BNPL rivals have ‘underserved’: CEO

The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.

By Caitlin Mullen • Aug. 14, 2023

Toast CEO: Lessons learned from fee flub

“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.”

By Caitlin Mullen • Aug. 10, 2023

Explore the Trendline➔

Payments players eye digital B2B opportunity

Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.

By Payments Dive staff

Marqeta lands Block contract extension

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

By Caitlin Mullen • Aug. 9, 2023

Fintech Wisetack bets on bank partnerships for growth

Wisetack, which recently teamed up with Citizens, seeks to add more large bank partners to handle the lending aspect of its pay-over-time offering for the services industry.

By Caitlin Mullen • Aug. 7, 2023

Stripe brings tax product to platforms, taps AI

The tool can help CFOs wade through a complicated tax compliance environment, easing the path to international growth, Stripe said.  

By Grace Noto • Aug. 3, 2023

FIS, Fiserv revenue growth slows in banking

For both mega-processors, sluggish revenue in their banking segment is causing a drag on overall revenue growth.

By Lynne Marek • Aug. 2, 2023

Global Payments adds hybrid payment service for ISVs

The payments processor launched a service during the second quarter aimed at affording ISVs the benefits of being a payment facilitator without the drawbacks associated with such a designation.

By Caitlin Mullen • Aug. 2, 2023

Shopify taps Ramp to save on corporate expenses

E-commerce company Shopify is adopting more artificial intelligence by automating its corporate expenses through Ramp.

By James Pothen • Aug. 1, 2023

ACI eyes FedNow for cross-border uses

In the future, FedNow will be part of the race to develop cross-border instant payment systems and use cases, said ACI Worldwide CEO Tom Warsop.

By Lynne Marek • Aug. 1, 2023

How Trintech arranged an acquisition from Fiserv

“The M&A market has had a lull, but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive. 

By Maura Webber Sadovi • July 31, 2023

Fiserv racks up merchants for pay-by-bank services

The Federal Reserve’s new instant payments system is driving more merchant interest in pay-by-bank capabilities for consumers, a Fiserv executive said.

By Caitlin Mullen • July 31, 2023

Wex acquires Ascensus unit for $180M

In addition to the Ascensus health and benefits unit purchase, Wex said it will invest up to $100 million in a new venture arm.

By Lynne Marek • July 28, 2023

Mastercard launches B2B virtual card tool

Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.

By Tatiana Walk-Morris • July 26, 2023

Payments venture funding skids

Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.

By Lynne Marek • July 24, 2023

Will payments M&A pick up after slow start?

Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.

By Caitlin Mullen • July 24, 2023

Amex corporate client growth ebbs

U.S. commercial card services volume grew 2% in the second quarter, relative to the year-ago period, American Express said in a Friday earnings report.

By Caitlin Mullen • July 21, 2023

Payoneer to cut nearly 10% of employees

The cross-border payments company plans to reinvest the savings in future growth, with hiring in research and development.

By James Pothen • July 13, 2023

Marqeta expands to Brazil

The corporate card issuer is entering South America by way of a new partnership with Fitbank, as part of broader international expansion ambitions.

By Lynne Marek • July 12, 2023

Merchant Lynx Services acquires National Credit Card Processing Group

The purchase gives Merchant Lynx Services a payment acceptance presence in the highway construction and large equipment sector, a Merchant Lynx executive said.   

By Caitlin Mullen • July 10, 2023

Ramp acquires AI-powered Cohere

The finance automation platform said it acquired the startup to help drive AI-powered projects and solve problems for its customers.

By Rajashree Chakravarty • July 6, 2023

FIS to sell Worldpay stake to GTCR

Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion. 

By Lynne Marek • July 6, 2023

GTCR makes billion-dollar bid for Worldpay stake: report

Fidelity National Information Services had planned to spin off the merchant processing business Worldpay, but multiple news reports suggest control may be sold instead.

By Lynne Marek • July 5, 2023

Visa to acquire Pismo for $1B

Visa said it has agreed to acquire the Brazilian company to provide more card issuing and banking services to fintechs and financial institutions.

By Lynne Marek • June 29, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 22, 2023

Flywire shops for bigger acquisitions

The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

By Caitlin Mullen • June 1, 2023