Fed study highlights growth in card, ACH payments

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

By Caitlin Mullen • April 24, 2023

3 reasons why declined transactions explain the rise in BNPL adoption

Explaining three reasons why declined transactions are turning customers on to Buy Now Pay Later services for a friendlier purchasing process.

By Ronen Shnidman in partnership with Kipp • April 24, 2023

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

Profits slip for Amex, Discover

In light of rising charge-offs, the card companies on Thursday each reported adding to credit loss provisions. That put a dent in their first-quarter profits. 

By Caitlin Mullen • April 21, 2023

Synchrony signals openness to Walmart

Despite Synchrony Financial’s history with Walmart, the card issuer may be willing to work with the retailer again.

By Caitlin Mullen • April 20, 2023

Grocery chain H-E-B unveils cashback cards

The two Visa credit cards offer 5% cash back for the grocer’s private brand items and 1.5% back for all other eligible purchases. 

By Catherine Douglas Moran • April 20, 2023

Credit card processor Nexway to pay $650K fine for fraud

A court initially imposed a $49.5 million judgment against a group of Nexway companies over processing payments tied to tech support scams, but they’ll ultimately pay the smaller fine for defrauding consumers.

By Caitlin Mullen • April 19, 2023

FIS executive compensation jumps

Compensation for FIS CEO Stephanie Ferris and former CEO Gary Norcross jumped significantly last year despite the company’s underperformance.

By Lynne Marek • April 18, 2023

US payments funding rebounds

U.S. payments venture funding surged in the first quarter of the year, largely thanks to Stripe’s March funding round, CB Insights said.

By Caitlin Mullen • April 18, 2023

MoneyGram, Carrefour expand tie

The partnership between the money transfer company and the global retailer will bring MoneyGram’s services to about 500 Carrefour locations next year.

By Tatiana Walk-Morris • April 17, 2023

Visa remains cryptic about new surcharge cap

The card giant is set to impose a new surcharge cap of 3% tomorrow, but many payments processing professionals are still searching for details about it.

By Lynne Marek • April 14, 2023

SF tech worker charged in murder of Cash App founder

San Francisco police arrested an IT worker in the murder of Bob Lee, who was knifed to death in the early morning hours of April 4. Police declined to discuss a motive at a Thursday press conference.

By Gabrielle Saulsbery • April 13, 2023

Why card networks should embrace gun codes

Using the new merchant category code for gun and ammunition sales “could help identify dangerous patterns,” one advocacy group lawyer argues.

By Adam Skaggs • April 13, 2023

Square rolls out new features

Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.

By Caitlin Mullen • April 13, 2023

Convenience chain Jacksons Food Stores adds bitcoin ATMs

The Bitcoin Depot ATMs will be installed in every state where the convenience chain operates — Idaho, Nevada, Oregon, Utah, California, Washington and Arizona.

By Jessica Loder • April 13, 2023

Visa rattles ISOs with surcharge plan

Payment processors and their merchant clients are bracing for Visa’s 3% surcharge cap. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.

By Lynne Marek • April 12, 2023

FTV Capital hunts payments prizes

Venture capital firms face challenges in picking payments and fintech investments amid the wreckage and waiting for the right prices.

By Caitlin Mullen • April 12, 2023

Amazon paytech added to Whole Foods stores

Eleven of the specialty grocery chain’s locations in Colorado are now equipped with Amazon One technology, the e-commerce giant’s palm-based frictionless checkout option.

By Peyton Bigora • April 11, 2023

Visa forges new tie to PayPal

Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

By Lynne Marek • April 11, 2023

Pavilion Payments plots growth

The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

By Caitlin Mullen • April 11, 2023

Walmart sues Capital One to end credit-card deal

Capital One failed to meet standards outlined in the contract, such as issuing replacement cards and promptly processing payments and posting transactions, Walmart alleged.

By Anna Hrushka • April 10, 2023

Sezzle CEO embraces company’s underdog status

Charlie Youakim, co-founder of the buy now, pay later company, said the company has defied the odds in carving its own path. “Every step is a little bit unusual,” he said.

By Caitlin Mullen • April 10, 2023

North American Bancard taps Virtualitics’ AI tech

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

By Tatiana Walk-Morris • April 7, 2023

Stripe’s growth slows

In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups. 

By Caitlin Mullen • April 6, 2023

Cash App founder dead after stabbing, police say

No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

By Gabrielle Saulsbery • April 5, 2023

PayPal expands tie with Live Nation

The digital payments pioneer, facing more competition in the checkout space, this week announced moves to serve large corporate customer Live Nation and small businesses.

By Caitlin Mullen • April 5, 2023