FIS CEO exits earlier than expected

In a change of plans for the payments processor, Gary Norcross will hand off the CEO title to Stephanie Ferris earlier than expected and won’t become executive chairman.

By Lynne Marek • Dec. 15, 2022

BofA analysts downgrade Affirm, Discover, Synchrony

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

By Caitlin Mullen • Dec. 14, 2022

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

Smith Oil adds app to streamline customer fuel payments

The app, expected to go live in early 2023, will use Liquid Barcodes’ C-StorePay technology as merchants seek relief from credit card swipe fees.

By Jessica Loder • Dec. 12, 2022

Shift4 CEO suggests company could go private

The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.

By Caitlin Mullen • Dec. 12, 2022

Payments will evolve with digital banking

“Rather than basic capabilities, consumers want a complete digital banking experience,” a payments firm professional writes. “They want access to all of the buzzworthy features.”

By John Mitchell • Dec. 9, 2022

Galileo launches BNPL for financial firms

The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

By Tatiana Walk-Morris • Dec. 9, 2022

PayPal CEO gives gloomy forecast

PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.

By Lynne Marek • Dec. 8, 2022

Plaid cuts 260 employees

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

By Dan Ennis • Dec. 7, 2022

FIS cost-cutting plans may expand

Payments technology company FIS aims to cut at least $500 million in costs as its beats back rising employee expense and a difficult economic environment.

By Lynne Marek • Dec. 7, 2022

Fiserv stands by profit margin expansion target

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

By Caitlin Mullen • Dec. 7, 2022

Visa CEO’s pay dipped to $28M this year

The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.

By Lynne Marek • Dec. 7, 2022

Cantaloupe pays $41M to acquire Three Square Market

With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.

By Lynne Marek • Dec. 5, 2022

Shift4 buys European payments provider for $126M

The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

By Caitlin Mullen • Dec. 5, 2022

Affirm mulls consumer, merchant fee increases

The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

By Lynne Marek • Dec. 2, 2022

Struggling consumers turned to financing for holiday shopping: report

Buy now-pay later providers saw increased use during Black Friday, but credit and debit were the top payment methods for online orders.

By Tatiana Walk-Morris • Dec. 1, 2022

NFL expands Fortnite presence with Visa

The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators. 

By Aaron Baar • Dec. 1, 2022

Credit card delinquencies, charge-offs climb

Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

By Lynne Marek • Dec. 1, 2022

Harvard researchers flag BNPL risks

The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

By Caitlin Mullen • Dec. 1, 2022

Amex debuts B2B payments system

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

By Tatiana Walk-Morris • Dec. 1, 2022

Amazon adds store with Just Walk Out tech

The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.

By Brett Dworski • Dec. 1, 2022

FIS, Fiserv could benefit from credit legislation

Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

By Caitlin Mullen • Nov. 30, 2022

ACI charts 15% rise in holiday e-commerce

The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

By Lynne Marek • Nov. 30, 2022

Visa growth tapers in October, November

The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

By Lynne Marek • Nov. 29, 2022

Afterpay BNPL transactions climb

Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

By Caitlin Mullen • Nov. 29, 2022

NJ official: No reason to doubt Fiserv job growth plan

Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.

By Caitlin Mullen • Nov. 28, 2022