Retail
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Durbin rounds up CCCA support
The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.
By Lynne Marek • April 4, 2025 -
Debit cards top Fed’s fraud troubles list: survey
Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.
By Tatiana Walk-Morris • April 4, 2025 -
Explore the Trendline➔
toeytoey2530 via Getty ImagesTrendlineE-commerce drives digital payment advances
As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.
By Payments Dive staff -
Visa, Mastercard have edge over Amex for Apple: analyst
As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.
By Lynne Marek • April 3, 2025 -
Fiserv promotes Takis Georgakopoulos to COO
Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.
By Patrick Cooley • April 2, 2025 -
Discover CEO may reap $2.4M bonus
Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.
By Lynne Marek • March 31, 2025 -
Affirm COO: Walmart deal was “uneconomic”
Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.
By Patrick Cooley • March 31, 2025 -
Swipe fee foes find legislative support in almost a dozen states
The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.
By Justin Bachman • March 28, 2025 -
CFPB nixes filing in case tied to Electronic Funds Transfer Act
The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”
By Gabrielle Saulsbery • March 27, 2025 -
Block shrinks workforce 8%
The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.
By Patrick Cooley • March 27, 2025 -
Q&A
Fintechs egg on ‘willingness to challenge norms,’ Bolt president says
Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.
By Lynne Marek • March 25, 2025 -
Affirm, other BNPL players ratchet up credit bureau reporting
At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.
By Patrick Cooley • March 24, 2025 -
Retailers push payment modernization
A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.
By Xanayra Marin-Lopez • March 21, 2025 -
Discover cards now accepted at Airwallex merchants
A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.
By Patrick Cooley • March 20, 2025 -
Fiserv acquires Dutch payment company CCV
The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.
By Patrick Cooley • March 19, 2025 -
Klarna seeks to flex advertising muscle
Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.
By Patrick Cooley • March 19, 2025 -
Brex strives for predictability after operational overhaul
After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.
By Gabrielle Saulsbery • March 18, 2025 -
Klarna to displace Affirm as Walmart BNPL provider
The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.
By Patrick Cooley • March 17, 2025 -
Block takes on payday lenders with Cash App
The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.
By Patrick Cooley • March 17, 2025 -
Klarna whittled workforce via AI ahead of IPO
The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.
By Justin Bachman , Lynne Marek • March 16, 2025 -
Digital payments to exceed $33.5 trillion by 2030: report
Consumers are predicted to rely less on debit and credit cards and turn more to mobile wallets in the coming years, a Worldpay report predicts.
By Tatiana Walk-Morris • March 14, 2025 -
Payments firm ‘for sale’ signs pop up as buying interest swells
Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.
By Lynne Marek • March 13, 2025 -
How PayPal is bolstering its branded business
The payments pioneer is counting on merchant tech upgrades, its buy now, pay later offering and Venmo to re-energize its flagship business, a top executive said this week.
By Lynne Marek • March 12, 2025 -
Fiserv CEO transition took only 10 days, CFO says
CEO Frank Bisignano quickly deemed his successor, Mike Lyons, ready to lead the payment processor, but don’t expect any strategy shifts, Fiserv’s CFO said.
By Justin Bachman • March 11, 2025 -
Green Dot considers sale as CEO exits
The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.
By Lynne Marek • March 11, 2025 -
Sezzle pitches coupon feature to consumers and merchants
The discounting function will allow merchants to increase their products' exposure, the company says.
By Patrick Cooley • Updated March 7, 2025