FIS hires outsider for CFO

The mega-processor tapped a seasoned CFO, with experience from Walgreens and Kraft, to replace a company insider elevated to the role a year ago.

By Maura Webber Sadovi , Lynne Marek • Aug. 23, 2023

US check use for payments exceeds other countries: Fed

Although there has been a drop in U.S. check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed.

By Tatiana Walk-Morris • Aug. 22, 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

ClassWallet draws $95M in funding

The company raised the money after government agencies and school districts lined up for its digital payments and fund management services.

By Tatiana Walk-Morris • Aug. 21, 2023

EWA advocates push back on Maryland guidance

At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

By Lynne Marek • Aug. 17, 2023

Sociable: Behind Musk’s X app payments vision

Elon Musk wants you to use his X app for all types of banking and payments. That will require a leap of faith from consumers.

By Andrew Hutchinson • Aug. 17, 2023

Discover ‘acting with urgency’ on Hochschild replacement

Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

By Caitlin Mullen • Aug. 17, 2023

Jack Henry & Associates trims workforce

The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

By Lynne Marek • Aug. 17, 2023

Consumer spending rose 4% in July: Fiserv

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

By Tatiana Walk-Morris • Aug. 16, 2023

Can PayPal’s incoming CEO jump-start profitable growth?

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

By Lynne Marek • Aug. 15, 2023

Zelle parent hires new CEO

Early Warning Services appointed a new CEO just as it's rolling out a new digital wallet and facing scrutiny from lawmakers and regulators.

By James Pothen • Aug. 15, 2023

Discover CEO Roger Hochschild resigns

The card issuer, facing an FDIC probe, appointed board member John B. Owen as interim CEO and president.

By Caitlin Mullen • Aug. 14, 2023

PayPal names Intuit exec as CEO

Long-time Intuit executive Alex Chriss will lead the digital payments pioneer and join its board, as Dan Schulman steps down and plans to leave the board.

By Lynne Marek • Aug. 14, 2023

How digital value is poised to transform payments

With the rising global adoption of digital payments, businesses that leverage digital value will better connect with customers and accelerate revenue growth.

Aug. 14, 2023

Discover finds tech upskilling model in Chicago hub

The card issuer looks at the Chatham call center and technology hub as a model for site selections, hiring procedures, customer service experience and community development.

By Lindsey Wilkinson • Aug. 11, 2023

T-Mobile, AT&T follow Verizon on discouraging credit cards for bill-pay

The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.

By Debbie Carlson • Aug. 10, 2023

New Fed unit to supervise crypto, nonbank partnerships

The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

By Anna Hrushka • Aug. 9, 2023

Flywire CFO to step down

The company and CFO Mike Ellis “have come to a mutual understanding that the next phase of growth for Flywire needs new leadership in the Finance, Global Treasury & Public Markets area,” a spokesperson said of Ellis’s exit.

By James Pothen • Aug. 9, 2023

Credit card debt tops $1 trillion

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

By Tatiana Walk-Morris • Aug. 9, 2023

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

Payments companies pursue AI

Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.

By James Pothen • Aug. 8, 2023

What a shooter’s payment choice reveals — or doesn’t

Whether or not the payment type behind an active shooter’s purchase of a gun means anything may be revealed in patterns.

By Lynne Marek • Aug. 8, 2023

PayPal launches stablecoin

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

By Caitlin Mullen • Aug. 8, 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

Google adds Nelo to its digital wallet

The partnership allows Mexican payments platform Nelo to expand out of purely digital payments to in-person transactions via Google Wallet.

By James Pothen • Aug. 7, 2023

EWA study by Harvard spotlights worker input

Earned wage access provides financial assistance to users while trapping them in “short-term liquidity crunches,” according to a new report by Harvard University researchers.

By Tatiana Walk-Morris • Aug. 4, 2023