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

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

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

Job cuts piled up in payments this year

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

By Caitlin Mullen • Dec. 21, 2022

Fiserv hired ‘thousands’ of workers this year, CEO says

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview. 

By Caitlin Mullen • Dec. 19, 2022

Consumer credit metrics slip further

Discover Financial Services and Synchrony Financial this week each reported increases in delinquencies and charge-offs.

By Caitlin Mullen • Dec. 16, 2022

FIS to review business under shareholder pressure

The payments processor is undertaking a comprehensive review of operations after two investors pressed the company to increase shareholder value.

By Lynne Marek • Dec. 16, 2022

Convenience store chain adds ACH option for fuel payments

The upgrade adds the ability to pay for fuel at the pump, and using ACH allows the convenience store chain to save on swipe fees.

By Jessica Loder • Dec. 16, 2022

CFPB faces Republican reckoning in next Congress

“Next month there will be a new majority in the House of Representatives — I think you'll wish you tried harder to play by the rules,” Rep. Patrick McHenry, R-NC, told CFPB Director Rohit Chopra.

By Anna Hrushka • Dec. 15, 2022

Credit delinquencies to increase next year: TransUnion

Credit card originations are expected to peak in 2022 before cooling down in 2023, TransUnion said.

By Tatiana Walk-Morris • Dec. 15, 2022

Is self-checkout worth the investment?

While autonomous checkout can speed up shopping trips and let employees take on new tasks, it doesn’t come without its frustrations, experts say.

By Brett Dworski • Dec. 15, 2022