Credit card spending topped $13T last year: FIS report

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

By Tatiana Walk-Morris • March 28, 2023

Tandym adds retailers for rewards programs

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

By Lynne Marek • March 27, 2023

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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

Visa says the recession is irrelevant at Merchant Risk Council 2023

Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.

By Ronen Shnidman • March 27, 2023

CFPB funding is constitutional, 2nd Circuit court rules

The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.

By Anna Hrushka • March 24, 2023

CFPB seeks to improve credit card transparency

The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

By Tatiana Walk-Morris • March 24, 2023

FedNow attracts real-time payments early adopters

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

By Lynne Marek • March 23, 2023

Bank failures could cause SMB credit crunch

The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.

By Anna Hrushka • March 22, 2023

Nacha CEO counts FedNow as competition

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

By Caitlin Mullen • March 21, 2023

Amex shareholders to vote on abortion-related proposal

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

By Caitlin Mullen • March 21, 2023

Apto Payments, Sardine team on anti-fraud tools

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

By Tatiana Walk-Morris • March 20, 2023

Western Union CEO gives rivals respect

The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.

By Lynne Marek • March 20, 2023

Brex, other fintechs stand by troubled banks

After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 17, 2023

Democrats slam card CEOs on gun code

A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.

By Caitlin Mullen • March 16, 2023

Payments execs detail SVB impact

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

By Caitlin Mullen , Lynne Marek • March 16, 2023

FedNow aims for late end of launch period

The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

By Lynne Marek • March 16, 2023

Visa, Mastercard depict bank failure impact

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

By Lynne Marek • March 15, 2023

Fiserv, Jack Henry CEOs react to bank crisis

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

By Caitlin Mullen , Lynne Marek • March 15, 2023

Amex bets on millennials, Gen Z for growth

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

By Caitlin Mullen • March 14, 2023

Tilia C-suite gets overhaul

The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

By Lynne Marek • March 14, 2023

Retail brands react to Silicon Valley Bank’s collapse

The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.

By Dani James • March 13, 2023

Payments players caught in SVB fallout

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

By Lynne Marek , Caitlin Mullen • March 13, 2023

February retail, restaurant sales rise: Mastercard

U.S. retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.

By Tatiana Walk-Morris • March 10, 2023

FedNow may draw in low-income users

The real-time payments system due later this year could have particular appeal to unbanked and underbanked Americans, Fed researchers say.

By Lynne Marek • March 9, 2023

Brex offers ChatGPT-style tools

The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

By Alexei Alexis • March 8, 2023

PayPal CFO hits the exit

PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.

By Lynne Marek • March 7, 2023