Earnings preview: Payments companies face up to 4Q

How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.

By Caitlin Mullen • Jan. 23, 2023

FIS director resigns after appointment last month

An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.

By Lynne Marek • Jan. 20, 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

PayPal confirms data breach

Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

By Matt Kapko • Jan. 20, 2023

Splitit targets tech assets for acquisition

Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

By Suman Bhattacharyya • Jan. 19, 2023

Lightspeed cuts 300 jobs in restructuring

With the 10% workforce reduction, the Canadian merchant payment services company is reorganizing in a bid for profitability.

By Lynne Marek • Jan. 18, 2023

US payments startup funding cut in half last year

Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.

By Caitlin Mullen • Jan. 18, 2023

Wakefern unveils frictionless checkout pilot

The supermarket operator teamed with tech firm Trigo to open an autonomous convenience store at its New Jersey corporate campus.

By Catherine Douglas Moran • Jan. 18, 2023

How Parkland USA is bringing self checkout to its stores

The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.

By Jessica Loder • Jan. 17, 2023

Bank card spending volume slows

The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.

By Caitlin Mullen • Jan. 17, 2023

Affirm users jolted by multiple charges

The buy now, pay later provider said it encountered a “technical issue” that has now been resolved, with user transactions to be corrected at banks within a week.

By Lynne Marek • Jan. 13, 2023

Oracle jumps into payments for retailers

The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties.

By Lynne Marek • Jan. 13, 2023

These payments companies could be acquisition targets

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

By Caitlin Mullen • Jan. 12, 2023

Paya purchase bolsters Nuvei for economic downturn

With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

By Lynne Marek • Jan. 11, 2023

Fintech funding tumbled in 2022

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

By Caitlin Mullen • Jan. 11, 2023

Amazon expands ‘Buy with Prime’ to all US merchants

With help from Saas platform BigCommerce, the e-commerce giant is even looping sellers outside its own marketplace into its ecosystem.

By Daphne Howland • Jan. 11, 2023

PayPal loses another finance executive

The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company.

By Lynne Marek • Jan. 10, 2023

6 payments trends to watch in 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

By Lynne Marek , Caitlin Mullen • Jan. 10, 2023

Will PayPal get a new CEO?

CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

By Lynne Marek • Jan. 9, 2023

Durbin to reintroduce credit card competition bill

The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans. 

By Lynne Marek • Jan. 6, 2023

Can anything challenge ACH?

The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

By Shamir Karkal • Jan. 6, 2023

Card industry’s fraud-fighting efforts pay off: Nilson Report

Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

By Caitlin Mullen • Jan. 5, 2023

Payments deals may climb in 2023

While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

By Lynne Marek • Jan. 4, 2023

Fiserv CEO lands pay raise in new contract

The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.

By Caitlin Mullen • Jan. 3, 2023

Investors press FIS, Fiserv for divestitures

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2022

Card Competition Act skids toward 2023

With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year.

By Lynne Marek • Dec. 21, 2022