Credit card debt tops $1 trillion

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

By Tatiana Walk-Morris • Aug. 9, 2023

Marqeta lands Block contract extension

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

By Caitlin Mullen • Aug. 9, 2023

Explore the Trendline➔

Payments industry seeks to keep pace with fraudsters

As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

By Payments Dive staff

PayPal launches stablecoin

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

By Caitlin Mullen • Aug. 8, 2023

Amazon’s checkout tech powers Pittsburgh campus convenience store

Although its Just Walk Out technology has yet to take off at retail locations, the company is having some success connecting with universities.

By Jeff Wells • Aug. 7, 2023

Google adds Nelo to its digital wallet

The partnership allows Mexican payments platform Nelo to expand out of purely digital payments to in-person transactions via Google Wallet.

By James Pothen • Aug. 7, 2023

Block shutters some European operations

The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.

By Caitlin Mullen • Aug. 4, 2023

Former Google Cloud CFO heads to Stripe

The transition to a new CFO comes at a time when the digital payments company might be gearing up to go public.

By Alexei Alexis • Aug. 3, 2023

Shift4 shrinks workforce

The payments company cut 150 employees in the second quarter, executives said Thursday during an earnings conference call.

By Caitlin Mullen • Aug. 3, 2023

Apple spotlights global ambitions with ‘Pay the Apple Way’ ad campaign

The marketing push follows the addition of consumer-focused features by the tech giant this year, including a buy now, pay later payments tool.

By Jessica Deyo • Aug. 3, 2023

PayPal closes in on new CEO

Digital payments titan PayPal is nearing a decision on who will be its next CEO, with the company circling a short list of candidates.

By Lynne Marek • Aug. 3, 2023

Stax names new CEO

New CEO Paulette Rowe was previously at cross-border digital payments company Paysafe. Stax’s sister-brother co-founders exited quietly earlier this year.

By Caitlin Mullen • Aug. 3, 2023

GameStop ditches its crypto wallets due to ‘regulatory uncertainty’

The retailer, which is pulling support on Nov. 1, had sought to tap into gaming culture to make crypto a larger part of the company’s future. 

By Nate Delesline III • Aug. 2, 2023

Senate ‘making good progress’ on pot banking bill, Schumer says

There may be bipartisan agreement on SAFE Banking’s goal to help the cannabis industry enter the banking fold, but lawmakers are reportedly haggling over some of the bill’s details.

By Anna Hrushka • Aug. 2, 2023

Global Payments adds hybrid payment service for ISVs

The payments processor launched a service during the second quarter aimed at affording ISVs the benefits of being a payment facilitator without the drawbacks associated with such a designation.

By Caitlin Mullen • Aug. 2, 2023

Convenience chain Refuel expands self-checkout deployment

After testing Mashgin’s technology late last year, the retailer will roll out the platform to 10 locations across its footprint.

By Brett Dworski • Aug. 2, 2023

Shopify taps Ramp to save on corporate expenses

E-commerce company Shopify is adopting more artificial intelligence by automating its corporate expenses through Ramp.

By James Pothen • Aug. 1, 2023

Fiserv racks up merchants for pay-by-bank services

The Federal Reserve’s new instant payments system is driving more merchant interest in pay-by-bank capabilities for consumers, a Fiserv executive said.

By Caitlin Mullen • July 31, 2023

Fiserv, Amazon link rewards programs

The new offering is available to card holders through 200 financial institutions, with an expansion of the partnership expected by the end of the year.

By James Pothen • July 28, 2023

Upgrade buys BNPL firm Uplift for $100M

The deal, Upgrade’s first acquisition, more than doubles the neobank’s customer base by adding 3.3 million users to its existing 2.5 million, CEO Renaud Laplanche said.

By Anna Hrushka • July 27, 2023

Mastercard waits on FedNow

While Mastercard participates in real-time payment systems in other countries, it’s holding back for now on the new U.S. instant payments network.

By Lynne Marek • July 27, 2023

PayPal deepens Microsoft partnership

In an expansion of a prior tie, software colossus Microsoft will increase the ways customers can use PayPal tools to purchase goods and services.

By Lynne Marek • July 26, 2023

Visa CEO bashes surcharges

“It’s not a great customer experience,” Visa CEO Ryan McInerney said of merchant surcharges, while speaking on an earnings webcast Tuesday.

By Lynne Marek • July 26, 2023

Apple Pay Later makes gains: survey

Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.

By James Pothen • July 25, 2023

Amex pays $15M OCC penalty

The card issuer paid the fine for failing to properly monitor a third-party affiliate and in connection with its courting of small business clients, the agency said.

By Lynne Marek • July 25, 2023

Payments venture funding skids

Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.

By Lynne Marek • July 24, 2023