Construction payments firm Billd lands $100M credit line

The debt facility will feed two of the company’s app-based cash flow products.

By Matthew Thibault • Nov. 18, 2022

CEOs Sound Off: Payments forecasts for 2023

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

By Caitlin Mullen , Lynne Marek • Nov. 16, 2022

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

Wex readies for acquisitions

Acquisitions are part of Wex CEO Melissa Smith’s annual growth goals, and the deteriorating economy could present attractive targets, she said.

By Lynne Marek • Nov. 11, 2022

Green Dot CEO taps new team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Marqeta lands new client, faces questions on Block

While the company said this week that it won new business from a fintech backed by Walmart, it also faced questions over contract renewals for its biggest customer, Block. 

By Lynne Marek • Nov. 10, 2022

ACI Worldwide fires CEO

Odilon Almeida had served as the payments company’s president and CEO since March 2020 and will be succeeded temporarily by board chairman Thomas Warsop.

By Caitlin Mullen • Nov. 9, 2022

FIS targets $500M in cost cuts

The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

By Jonathan Berr • Nov. 9, 2022

Brex co-CEO: Fintech took ‘reputation hit’ after dropping customers

Co-CEO and cofounder Henrique Dubugras regrets Brex’s handling of its June customer base changes, but said narrowing the company’s focus on startups was the right call.

By Caitlin Mullen • Nov. 8, 2022

Stripe chops workforce for ‘leaner times’

The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

By Lynne Marek • Nov. 3, 2022

Global Payments leans into fintechs

As it pursues more fintech clients, the payments processor sees B2B and commercial cards as areas ripe for expansion.

By Jonathan Berr • Nov. 3, 2022

Honeywell jumps into mobile payments battle

The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.

By Lynne Marek • Nov. 1, 2022

Papaya builds cross-border payroll services

The well-funded startup is taking on big clients and rivals in seeking to offer cross-border payroll payment services, with checks sent to workers in 72 hours.

By Lynne Marek • Oct. 28, 2022

BNPL for business is a high stakes proposition

“As BNPL providers, especially in the business realm where more money is being spent, fintechs are going to need much more sophisticated, secure, reliable authentication methods,” writes Flexbase CEO Zaid Rahman.

By Zaid Rahman • Oct. 24, 2022

FedNow may stumble without nonbanks, cross-border payments

“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based Wise executive.

By Rina Wulfing • Oct. 18, 2022

PayPal brings Zettle terminal to US

After launching the new terminal in Europe last year, PayPal is offering the point-of-sale equipment now for small businesses in the U.S.

By Tatiana Walk-Morris • Oct. 17, 2022

Visa seeks to draw creators in

The card behemoth is partnering with other fintechs in an effort to sell creators embedded payment and financial tools.

By Lynne Marek • Oct. 14, 2022

Payments deals gain momentum

Four billion-dollar payments acquisitions this year reflect industry dynamics that will drive more buyouts in coming months, analysts say.

By Lynne Marek • Oct. 11, 2022

Cross-border payment plays rev up

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

By Lynne Marek • Oct. 10, 2022

Future of B2B payments lies in embedded finance

“Unfortunately, the business-to-business market lags behind its B2C counterpart and is only just beginning to embrace embedded finance,” writes Melio COO Tomer Barel.

By Tomer Barel • Oct. 7, 2022

FleetCor taps insider interim after CFO resigns

The Atlanta-based payments company said Charles Freund, its CFO since September 2020, is resigning to become CFO of an unidentified private-equity backed software company.

By Maura Webber Sadovi • Sept. 27, 2022

Buyers, vendors blame each other for slow digital payment adoption

A majority of vendors said their customers aren’t ready to stop using checks, although check use among accounts payable teams fell 10% compared to last year, MineralTree’s report revealed.

By Caitlin Mullen • Sept. 23, 2022

Visa eyes B2B, remittances for growth

Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

By Lynne Marek • Sept. 21, 2022

Profits slip for small businesses: survey

Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

By Tatiana Walk-Morris • Sept. 21, 2022

Tipalti introduces new card

After entering the U.K. last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees.

By Tatiana Walk-Morris • Sept. 20, 2022

Freight fintech Denim lands $26M investment

The company, which aims to simplify freight shipment payments, plans to use $26 million in new capital and $100 million in debt financing to scale and give customers access to working capital.

By Caitlin Mullen • Sept. 16, 2022