PayPal counts on its digital app for gains

The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

By Lynne Marek • Nov. 28, 2022

Winners, losers on Black Friday

With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.

By Dani James • Nov. 28, 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

JPMorgan’s crypto wallet trademark is approved

The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and is at odds with some statements by its CEO.

By Dan Ennis • Nov. 22, 2022

FIS may cut thousands of workers, Bloomberg reports

The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program.

By Lynne Marek • Nov. 22, 2022

BNPL connected to overdraft charges, card fees: study

Heavy users of buy now-pay later ― which researchers said inspires consumers to spend beyond their means — showed larger declines in financial health, a recent academic study determined.

By Caitlin Mullen • Nov. 22, 2022

Demand for credit cards climbed this year

Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate.

By Lynne Marek • Nov. 22, 2022

Afterpay, Expedia link for travel BNPL

The buy now-pay later provider and the travel booking company are teaming up to allow consumers to spread out payments for flights and hotels.

By Caitlin Mullen • Nov. 22, 2022

Holiday shoppers boost card use this year

Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases.

By Tatiana Walk-Morris • Nov. 21, 2022

Visa’s next CEO sees a world of growth

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

By Lynne Marek • Nov. 21, 2022

World Cup offers stage for payments tech

While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.

By Tatiana Walk-Morris • Nov. 21, 2022

Visa names new CEO for next year

Visa President Ryan McInerney will become the card network company’s next CEO next February as Al Kelly exits that role to become executive chairman.

By Lynne Marek • Nov. 18, 2022

Card debt mounts for younger, less affluent borrowers

Debt burdens and delinquencies are rising more rapidly for younger and less wealthy borrowers, the New York Federal Reserve Bank researchers said.

By Caitlin Mullen • Nov. 18, 2022

Credit swipe-fee relief needed

“Congress has a responsibility to bring much-needed transparency and competition” to credit card swipe fees, writes the chairman of the trade association for 7-Eleven franchisees.

By Sukhi Sandhu • Nov. 18, 2022

Self-checkout comprises nearly 40% of grocery checkout options, study says

Offering a mix of both manual and self-checkout lanes can appeal to a wider variety of shoppers and serve different types of shopping trips, according to shopper intelligence firm Catalina. 

By Catherine Douglas Moran • Nov. 17, 2022

Mastercard predicts Black Friday bonanza

The card network company said in a report this week that it expects a Black Friday “shopping blitz” will lead retail sales to jump 15% over last year. 

By Jonathan Berr • Nov. 16, 2022

CEOs Sound Off: Payments forecasts for 2023

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

By Caitlin Mullen , Lynne Marek • Nov. 16, 2022

Giant Food’s prepaid debit card tackles food insecurity

With the tie-up, the Fresh Connect program is expanding to all of banner’s locations in Washington, D.C., and participants will be able to access free classes, consultations and resources offered by the grocer. 

By Catherine Douglas Moran • Nov. 16, 2022

Fiserv ‘maniacally focused’ on expense management

When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”

By Caitlin Mullen • Nov. 15, 2022

Toast surpasses $100B in annualized payments

The payments company that caters to restaurants reached that quarterly record after significant expansion this year.

By Jonathan Berr • Nov. 15, 2022

Fortis acquires Payment Logistics

The founder of Payment Logistics will remain at the firm overseeing its employees in California.

By Tatiana Walk-Morris • Nov. 15, 2022

Musk pushes Twitter toward payments

“Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Musk. “We need money transfer licenses for that, which we’ve applied for.”

By Anna Hrushka • Nov. 11, 2022

Green Dot CEO taps new team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Preparing for the CBDC era

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

By Lance Homer • Nov. 9, 2022

Affirm curbs hiring amid economic uncertainty

The buy now-pay later company is pulling back on adding talent in some areas, but plunging ahead in others and seeking out talent in lower-cost regions.

By Jonathan Berr • Nov. 9, 2022

FIS targets $500M in cost cuts

The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

By Jonathan Berr • Nov. 9, 2022