Square CEO to depart

Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.

By Caitlin Mullen • Sept. 18, 2023

Digital dollar bill resurfaces in Congress

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

By Lynne Marek • Sept. 18, 2023

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

BNPL users seek and use more new credit, Fed study finds

Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.

By Caitlin Mullen • Sept. 18, 2023

Small businesses embrace digital payments

Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.

By Tatiana Walk-Morris • Sept. 17, 2023

Battle over credit card bill escalates

The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies. 

By Lynne Marek • Sept. 15, 2023

Grabango lays off employees across several departments

The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company.

By Brett Dworski • Sept. 15, 2023

CFPB flags risks of tuition payment plans

In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.

By Caitlin Mullen • Sept. 15, 2023

FIS battles higher labor costs

The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.

By Lynne Marek • Sept. 14, 2023

Square apologizes for last week’s outage

Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

By Caitlin Mullen • Sept. 14, 2023

Discover shares pricing error findings with regulators

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

By Caitlin Mullen • Sept. 13, 2023

Stax CEO zeroes in on embedded payments

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

By Caitlin Mullen • Sept. 12, 2023

CCCA backers target vote this year

Supporters of the proposed Credit Card Competition Act say Republican Sen. Roger Marshall foresees a Senate vote on the legislation this year.

By Lynne Marek • Sept. 12, 2023

PayPal CEO stresses stablecoin potential

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

By Lynne Marek • Sept. 11, 2023

Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

By Caitlin Mullen • Sept. 11, 2023

Medical credit cards ‘exploit loopholes’ in healthcare debt protection, report finds

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

By Sydney Halleman • Sept. 11, 2023

Convenience store company credits ‘improved labor situation’ to AI-powered self-checkout

The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.

By Brett Dworski • Sept. 8, 2023

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

By James Pothen • Sept. 8, 2023

Block CFO details Square’s revamped sales approach

Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.

By Caitlin Mullen • Sept. 7, 2023

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

By Tatiana Walk-Morris • Sept. 7, 2023

Mastercard CEO counters WSJ fee increase story

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

By Lynne Marek • Sept. 6, 2023

Shopify integrates Buy with Prime feature

In a move that alters the companies' relationship, competitors Shopify and Amazon partnered to give Prime customers the payment option.

By Tatiana Walk-Morris • Sept. 6, 2023

Visa leans into stablecoin efforts

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

By Lynne Marek • Sept. 5, 2023

Andreessen Horowitz circles healthcare payments

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

By Rebecca Pifer • Sept. 1, 2023

Durbin, Marshall lambaste card fee increases

Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

By Lynne Marek • Sept. 1, 2023

Klarna narrows first-half loss

The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.

By Caitlin Mullen • Aug. 31, 2023