Payments cost-cutting could fuel M&A: investor

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

By Caitlin Mullen • May 31, 2023

Marqeta shuts down Australia operations

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

By Lynne Marek • May 30, 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

Consumers, businesses gravitate to faster, mobile payments

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

By Lynne Marek • May 26, 2023

Debit network players gear up for July

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

By Caitlin Mullen • May 26, 2023

Payments fraud climbs as banks reach for joint response

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

By Lynne Marek • May 25, 2023

Citizens Bank to pay $9M to settle disputed-charge suit

The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

By Dan Ennis • May 24, 2023

Give EWA a chance

“It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

By Brian Tate • May 24, 2023

Cash App pursues older, affluent customers

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

By Caitlin Mullen • May 24, 2023

Venmo to launch teen account

The move is part of PayPal’s plan to lean on Venmo to lure more users.

By Tatiana Walk-Morris • May 23, 2023

Credit popularity doesn’t displace cash: Fed report

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

By Caitlin Mullen • May 23, 2023

Legislators spar over stablecoin proposals

Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

By Caitlin Mullen • May 22, 2023

NY Fed teams with Singapore on CBDC study

The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

By Lynne Marek • May 22, 2023

Fed official stresses importance of dollar’s standing

“For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

By Tatiana Walk-Morris • May 19, 2023

PayPal urged to accelerate CEO search

The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

By Lynne Marek • May 16, 2023

Card debt weighs on consumers

First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

By Caitlin Mullen • May 16, 2023

Revolut CFO leaves digital bank for ‘personal reasons’

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

By Grace Noto • May 15, 2023

Catch chases in-store opportunity

Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

By Caitlin Mullen • May 15, 2023

How to advance cross-border B2B payments

“Regional regulatory bodies must work together on common financial standards that support multilateral payment systems if we are to make progress,” writes one payments professional.

By Scott Frisby • May 15, 2023

Paysend charges into US market

From a new U.S. headquarters in Miami, the British cross-border payments company is pitching services to U.S. businesses and consumers.

By Lynne Marek • May 12, 2023

Discover pursues ESG goals

The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

By Tatiana Walk-Morris • May 12, 2023

Everee takes on EWA providers

The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.

By Lynne Marek • May 11, 2023

Marqeta to cut workforce by 15%

The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

By Lynne Marek • May 10, 2023

Senators call out banks on card late fees

A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.

By Caitlin Mullen • May 9, 2023

PayPal growth driven by Braintree

PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.

By Lynne Marek • May 9, 2023

Green Dot braces for profit margin pressure

Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

By Caitlin Mullen • May 8, 2023