Visa, Mastercard $5.5B settlement advances

Plaintiffs in the card network litigation say problematic third-party communications regarding claims has declined since a February filing deadline passed.

By Justin Bachman • May 20, 2025

Klarna touts merchant growth

The buy now, pay later provider surpassed 100 million users globally this year, but also reported widening consumer credit losses for the first quarter.

By Tatiana Walk-Morris and Lynne Marek • May 20, 2025

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

Capital One closes Discover deal

Completion of the combination results in the richest banking deal of the past six years and creates the nation’s largest credit card issuer.

By Dan Ennis • May 19, 2025

Amex offers virtual card to small businesses

The company has long provided the service to corporate clients, but this month started letting small business owners pay suppliers who accept Amex without a physical card.

By Patrick Cooley • May 19, 2025

Toast targets entertainment venues

The digital processor signed a Dallas-based chain of driving ranges as a customer in the first quarter, and has made a push to add movie theaters, bowling alleys and arcades.

By Patrick Cooley • May 16, 2025

Warren prods DOJ to block Capital One-Discover deal

The senator urged the Justice Department’s new antitrust czar, who's expressed concern over the creation of too-big-to-fail firms, to take action.

By Dan Ennis • May 14, 2025

BNPL users struggle with payments

Nearly half of U.S. adults who have used buy now, pay later services experienced financial difficulties, such as overspending or missing a bill payment, according to a recent survey.

By Patrick Cooley • May 13, 2025

Nevada bill would charter new payment banks

The new banks would connect directly to real-time payment rails like FedNow and ACH to potentially lower retailers’ transaction costs.

By Justin Bachman • May 13, 2025

Marqeta chief focuses on revenue diversity, execution

Interim CEO Mike Milotich wants to boost the processor’s non-Block revenue and expand its embedded finance offerings via a new mobile app for customers.

By Justin Bachman • May 12, 2025

Cash App profits disappoint

Block reported just 10% growth in first-quarter gross profit for Cash App, even after it added Afterpay to Cash App debit cards.

By Patrick Cooley • May 12, 2025

Global Payments eyes cost cuts

The payments processor sharpens its focus on how to squeeze $600 million in “cost synergies” from its $24 billion purchase of Worldpay.

By Lynne Marek • May 9, 2025

Shift4 turns to restaurants for future growth

The payment processor has signed thousands of restaurants in Europe and expects to delve deeper into that business.

By Patrick Cooley • May 5, 2025

Visa sees economic uncertainty starting to curb travel spending

As consumers brace for the potential impacts of Trump’s tariffs, they’re cutting back on hotel stays and airline travel, Visa executives said.

By Justin Bachman • May 1, 2025

Walmart drives toward instant payments

The mega retailer is eager to use more real-time payments as it speeds up digital services for cost-conscious customers.

By Lynne Marek • May 1, 2025

PayPal targets European branded service growth

The payments pioneer plans to expand its omnichannel payments strategy in Germany and the U.K., its biggest European markets.

By Justin Bachman • Updated May 1, 2025

Paze aims to pump up the volume with Fiserv

The digital wallet owned by seven banks has loaded 150 million customer cards onto the system. Now, it’s working with its processor ally to add more banks.

By Lynne Marek • April 29, 2025

Toast, Clover fight for restaurant customers

The fledgling fintechs have gobbled up a significant share of the U.S. restaurant point-of-sale market, but they’ll increasingly be battling industry heavyweights.

By Patrick Cooley • April 29, 2025

ATM provider Hyosung Americas issues security alert

The cash machine maker called for a software update, with locations in the Northeast and on the West Coast particularly at risk.

By Tatiana Walk-Morris • April 28, 2025

Durbin to keep pushing card bill

The retiring Senate Democrat plans to reintroduce the Credit Card Competition Act proposal despite plans to wrap his four-decade congressional career.

By Lynne Marek • April 28, 2025

Fiserv ventures into high-end restaurants

The payment processing giant’s point-of-sale platform Clover will begin catering to upscale dining establishments next month.

By Patrick Cooley • April 28, 2025

PayPal pays up for talent

The digital payments pioneer delivered sizable pay packages last year after it hired new executives, including one landing $29.4 million in annual compensation.

By Lynne Marek • April 25, 2025

Fiserv to acquire Brazilian fintech Money Money

The processor’s purchase will benefit its Clover unit in its effort to provide financing to small businesses, the company said.

By Patrick Cooley • April 24, 2025

Trade group pushes directory for instant payments

The U.S. Faster Payments Council advocated for an open and secure directory service to increase real-time payment adoption, per a report earlier this month.

By Lynne Marek • April 23, 2025

Spire pushes pay-by-bank model

Direct bank payments at the point of sale will become more attractive to merchants through a Discover Financial tie, the CEO says.

By Justin Bachman • April 17, 2025

Pay-by-bank should offer perks: Deloitte

Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.

By Patrick Cooley • April 17, 2025