Consumers use cash to forget, study shows

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

By Caitlin Mullen • May 30, 2023

Consumers, businesses gravitate to faster, mobile payments

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

By Lynne Marek • May 26, 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

Debit network players gear up for July

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

By Caitlin Mullen • May 26, 2023

Levchin downplays Apple threat

Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

By Caitlin Mullen • May 25, 2023

Citizens Bank to pay $9M to settle disputed-charge suit

The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

By Dan Ennis • May 24, 2023

Cash App pursues older, affluent customers

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

By Caitlin Mullen • May 24, 2023

Venmo to launch teen account

The move is part of PayPal’s plan to lean on Venmo to lure more users.

By Tatiana Walk-Morris • May 23, 2023

Credit popularity doesn’t displace cash: Fed report

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

By Caitlin Mullen • May 23, 2023

Worldpay spin-off hands FIS mixed bag

The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

By Lynne Marek • May 18, 2023

PayPal considers Xoom sale: report

The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

By Lynne Marek • May 17, 2023

Card debt weighs on consumers

First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

By Caitlin Mullen • May 16, 2023

Catch chases in-store opportunity

Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

By Caitlin Mullen • May 15, 2023

Discover pursues ESG goals

The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

By Tatiana Walk-Morris • May 12, 2023

Convenience chain adds Amazon palm pay

Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

By Jessica Loder • May 11, 2023

Affirm, FICO to create BNPL credit-scoring model

The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

By Caitlin Mullen • May 10, 2023

Marqeta to cut workforce by 15%

The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

By Lynne Marek • May 10, 2023

What does the buy now, pay later boom mean for food retailers?

As more shoppers turn to short-term loans to buy groceries, there may be a shift in how people think about paying for essential goods, experts say.

By Sam Silverstein • May 10, 2023

Senators call out banks on card late fees

A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.

By Caitlin Mullen • May 9, 2023

Payoneer hunts for acquisitions

Payoneer is considering acquisitions that could extend product offerings or expand its footprint in emerging markets.

By Caitlin Mullen • May 9, 2023

PayPal growth driven by Braintree

PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.

By Lynne Marek • May 9, 2023

Green Dot braces for profit margin pressure

Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

By Caitlin Mullen • May 8, 2023

Shopify cuts 20% of workforce

The e-commerce platform’s cuts announced Thursday affect about 2,300 jobs, based on the company’s most recent headcount.

By Nate Delesline III • May 5, 2023

Block boosts compliance spending to $160M

Square parent Block is increasing compliance spending on personnel and software this year.

By Caitlin Mullen • May 5, 2023

Battle ensues over CFPB proposal to cap late fees

Supporters and opponents of the CFPB’s proposal to cap late fees at $8 clashed in comments to the agency in recent weeks.

By Lynne Marek • May 5, 2023

Chargebacks911 appoints new CEO

The promotion for the company’s COO and founder comes as the returns management firm faces regulatory scrutiny over its business practices. 

By Tatiana Walk-Morris and Lynne Marek • May 3, 2023