CFPB spotlights payments risks

The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

By Caitlin Mullen • Aug. 22, 2022

Jack Henry expects lower margin expansion

Higher costs, and less revenue from merger and acquisition activity, are crimping the outlook for profit margin expansion at Jack Henry & Associates.

By Lynne Marek • Aug. 22, 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

Grubhub offers BofA cardholders loyalty program perk

The delivery company is working with outside companies to expand its reach by offering limited free membership in its GrubHub+ loyalty program.

By Julie Littman • Aug. 19, 2022

Payments fundraising slows down in Q2: PitchBook

Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

By Tatiana Walk-Morris • Aug. 19, 2022

FedNow to launch by mid-2023, Fed official says

The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

By Lynne Marek • Aug. 19, 2022

Credit card alternatives rise

Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

By Caitlin Mullen • Aug. 18, 2022

Western Union, Paymentus CFOs depart

The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

By Elizabeth Flood • Aug. 18, 2022

Walmart eyes payments opportunities

With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

By Lynne Marek • Aug. 18, 2022

Remitly to buy Rewire for $80M

Cross-border payments company Remitly said it would buy the Israeli financial services company using a mix of cash and stock. 

By Lynne Marek • Aug. 17, 2022

Marqeta executive exodus follows IPO

Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

By Jonathan Berr , Lynne Marek • Aug. 17, 2022

Paysign aims to grow prepaid card services for drugs

Paysign aims to boost its prepaid card services for consumers shouldering the high cost of pharmaceuticals by offering drugmakers transparent pricing for such services.

By Joe Burns • Aug. 16, 2022

Circular Board, Mastercard unveil small business card

As a slew of fintechs try to capture small business customers, Circular Board’s Hello Alice brand is targeting entrepreneurs from marginalized backgrounds.

By Tatiana Walk-Morris • Aug. 16, 2022

Central Payments snags $30M

The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.

By Tatiana Walk-Morris • Aug. 15, 2022

Auto dealers tap U.S. Bank for real-time payments

U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

By Tatiana Walk-Morris • Aug. 12, 2022

Green Dot battles Uber, loses contracts

Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.

By Lynne Marek • Aug. 11, 2022

BNPL faces headwinds from rising rates, inflation: Fitch

Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

By Debbie Carlson • Aug. 10, 2022

Paystand buys Yaydoo in Latin American push

Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

By Jonathan Berr • Aug. 9, 2022

Payments buyout burst in August signals more M&A

A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

By Lynne Marek • Aug. 9, 2022

Consumer spending rises despite inflation: Mastercard

While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

By Tatiana Walk-Morris • Aug. 8, 2022

Let the credit card battle begin

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

By Lynne Marek • Aug. 8, 2022

Visa, Mastercard react to Pornhub ruling

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

By Lynne Marek • Aug. 5, 2022

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

FIS extends tie with Chargebacks911 to fight fraud

The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.

By Jonathan Berr • Aug. 5, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

PayPal takes new direction with Elliott

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

By Lynne Marek • Aug. 3, 2022