Visa says the recession is irrelevant at Merchant Risk Council 2023

Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.

By Ronen Shnidman • March 27, 2023

Mastercard buys Baffin Bay Networks

The card network company said it bought the cybersecurity business to better combat cyber-attacks in an increasingly threatening environment.

By Lynne Marek • March 20, 2023

Payments execs detail SVB impact

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

By Caitlin Mullen , Lynne Marek • March 16, 2023

Fiserv, Jack Henry CEOs react to bank crisis

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

By Caitlin Mullen , Lynne Marek • March 15, 2023

Payments players caught in SVB fallout

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

By Lynne Marek , Caitlin Mullen • March 13, 2023

Brex offers ChatGPT-style tools

The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

By Alexei Alexis • March 8, 2023

Walmart shooter likely used card to buy gun

The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

By Debbie Carlson • March 7, 2023

Affirm exits Australia

Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.

By Caitlin Mullen • March 7, 2023

Synchrony, Bread brace for potential late fee cap impact

If a late fee cap is imposed by the Consumer Financial Protection Bureau, the companies may curtail credit and seek other offsets, executives said this week.

By Caitlin Mullen • March 3, 2023

Sezzle ekes out a profit

The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

By Caitlin Mullen • Feb. 28, 2023

Transparency key to crypto’s next phase: Circle CFO

USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

By Grace Noto • Feb. 24, 2023

Credit metrics creep toward prepandemic levels

Delinquency rates for Discover, Synchrony and Bread all rose in January relative to December levels. 

By Caitlin Mullen • Feb. 15, 2023

Back to the future with Worldpay

FIS CEO Stephanie Ferris and her Worldpay sidekick Charles Drucker, reclaiming a role at the business, will be under pressure to avoid “dis-synergies.”

By Lynne Marek • Feb. 14, 2023

Crypto regulation shouldn’t smother innovation: Fed’s Waller

The Fed governor highlighted the benefits of smart contracts, as well as the potential for tokenization as a privacy tool, in a speech Friday.

By Rajashree Chakravarty • Feb. 13, 2023

Google, Amex roll out anti-fraud tool

Amex is the latest card company to tap a Google virtual card service aimed at increasing the security of online payments.

By Lynne Marek • Feb. 7, 2023

Eliminating costly false declines online

“False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.

By Chris Ryan • Feb. 6, 2023

Zip pauses acquisitions

The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

By Caitlin Mullen • Feb. 1, 2023

Gemini cut another 10% of staff: report

The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.

By Gabrielle Saulsbery • Jan. 24, 2023

International coalition pursues cross-border payments improvements

In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

By Lynne Marek • Jan. 23, 2023

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

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

Fed, OCC, FDIC issue joint warning on crypto risks

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

By Gabrielle Saulsbery • Jan. 4, 2023

Toomey bill would put stablecoin oversight in OCC’s hands

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

By Gabrielle Saulsbery • Dec. 22, 2022

Payments funding plummets in 2022

This year’s venture capital funding activity in payments paled in comparison to 2021’s record-setting year.

By Caitlin Mullen • Dec. 22, 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