Klarna whittled workforce via AI ahead of IPO

The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

By Justin Bachman , Lynne Marek • March 16, 2025

Retail, crypto groups converge to back stablecoin legislation

The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

By Lynne Marek • March 14, 2025

Explore the Trendline➔

E-commerce drives digital payment advances

As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

By Payments Dive staff

Discover Financial alum takes Wells Fargo IT role

A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

By Matt Ashare • March 14, 2025

Citi pursues partnerships to elevate its pay-over-time tool

The bank doesn’t need partnerships for its credit card customers to access the financing service, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

By Caitlin Mullen • March 13, 2025

Payments firm ‘for sale’ signs pop up as buying interest swells

Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.

By Lynne Marek • March 13, 2025

Stablecoin company Mesh raises $82M

Some of the funding was settled using PayPal’s stablecoin and will be used to build a global platform to transfer stablecoins, the company said.

By Patrick Cooley • March 13, 2025

Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.

By Caitlin Mullen • March 13, 2025

Green Dot considers sale as CEO exits

The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

By Lynne Marek • March 11, 2025

Papaya Global adds Citi as partner

The payroll and payments services provider that has been working with JPMorgan Chase now calls Citibank a sponsor as well.

By Lynne Marek • March 10, 2025

Digital asset use could buttress financial inclusion

While digital ledger technology could be used to reach unbanked or underbanked consumers, widespread adoption faces obstacles, a new report suggests.

By Tatiana Walk-Morris • March 10, 2025

Killing the CFPB would create a vacuum, former insider says

Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.

By Justin Bachman • March 7, 2025

Fiserv investors count on next CEO’s well-rounded resume

The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.

By Patrick Cooley • March 6, 2025

Banks say court’s ‘novel’ ruling upends wire transfer business

The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.

By Justin Bachman • March 5, 2025

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.

By Gabrielle Saulsbery • March 4, 2025

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.

By Lynne Marek • March 3, 2025

Dwolla taps Walmart alum for CFO

Daniel Quezada is the payments player’s second chief financial officer in less than two years.

By Maura Webber Sadovi • March 3, 2025

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.

By Lynne Marek • Feb. 27, 2025

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.”

By Caitlin Mullen • Feb. 27, 2025

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.

By Patrick Cooley • Feb. 27, 2025

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.

By Lynne Marek • Feb. 27, 2025

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.

By Patrick Cooley • Feb. 26, 2025

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.

By Lynne Marek • Feb. 25, 2025

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.

By Lynne Marek • Feb. 25, 2025

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.

By Patrick Cooley • Feb. 25, 2025

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.

By Lynne Marek • Feb. 24, 2025