Technology
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MoneyGram replaces CEO, naming former Walmart executive to the role
The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.
By Lynne Marek • Oct. 29, 2024 -
Finix eyes competition with rivals like Stripe
The payment processor said Thursday that it raised $75 million and is seeking to grab a bigger slice of a payments market dominated by larger rivals.
By Patrick Cooley • Oct. 25, 2024 -
Trendline
Digital wallets proliferate as features advance
As more companies aim to offer digital wallets the rise in competition is sharpening their features.
By Payments Dive staff -
Payments trade groups caution World Bank on digital infrastructure
U.S. payments associations urged the World Bank this week to consider interoperability and private sector involvement in its development of a digital public infrastructure.
By Tatiana Walk-Morris • Oct. 24, 2024 -
California to begin oversight of EWA
The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.
By Lynne Marek • Oct. 23, 2024 -
Pipe pursues international expansion
The digital cash advance provider to small businesses deepened its ties to the British firm GoCardless this week as part of its quest to expand outside the U.S. market.
By Lynne Marek • Oct. 23, 2024 -
CFPB issues final rule on open banking
In a change from last year’s proposal, payment apps are included under the rule. Financial institutions with less than $850 million in assets are exempt.
By Dan Ennis • Oct. 22, 2024 -
Stripe to buy stablecoin company Bridge for reported $1.1 billion
The CEOs for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.
By Patrick Cooley • Oct. 21, 2024 -
Fiserv may grab competitive edge with new bank charter
The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.
By Patrick Cooley • Oct. 21, 2024 -
Employees who lean on EWA face increased fees
Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report.
By Tatiana Walk-Morris • Oct. 18, 2024 -
Apple, Klarna collaborate on BNPL
The tech giant has linked with the Swedish buy now, pay later provider to offer Apple Pay customers in the U.S. and U.K. another payment option.
By Patrick Cooley • Oct. 18, 2024 -
Visa taps AI analytics partner to add merchant services
The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.
By Lynne Marek • Oct. 16, 2024 -
Payments players tap M&A to build tech stacks
The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.
By Shefali Kapadia • Oct. 16, 2024 -
Payments investments rise worldwide
Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.
By Lynne Marek • Oct. 15, 2024 -
Worldpay taps Aeropay for gaming payments assist
The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.
By Lynne Marek • Oct. 14, 2024 -
Treasury official calls for new regulatory framework
The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.
By Lynne Marek • Oct. 11, 2024 -
Stripe partners with Nvidia, Pepsi and Rivian
The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.
By Patrick Cooley • Oct. 11, 2024 -
Automated-checkout company Grabango shuts down
The tech company was unable to secure the funding needed to continue operating, a spokesperson said.
By Brett Dworski , Jeff Wells • Oct. 11, 2024 -
Toast increases processing fees, adds surcharge feature
The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.
By Patrick Cooley • Oct. 9, 2024 -
Global Payments embarks on ‘transition’ year
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.
By Lynne Marek • Oct. 9, 2024 -
MoneyGram attack exposed sensitive customer data
The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.
By Matt Kapko • Oct. 9, 2024 -
Opinion
Healthcare’s paper check disease
“The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.
By Seton Marshall • Oct. 8, 2024 -
Fiserv teams with Canadian company on open banking
Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.
By Patrick Cooley • Oct. 7, 2024 -
Real-time payments to make uneven progress, report predicts
The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.
By Lynne Marek • Oct. 7, 2024 -
Fiserv nets special banking charter in Georgia
The payments processor is only the second company to win the special bank charter since Georgia made it available.
By Patrick Cooley • Oct. 4, 2024 -
Mastercard to buy Minna Technologies
The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.
By Tatiana Walk-Morris • Oct. 2, 2024