Meta’s payment plays may pay off this year: report

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

By James Pothen • March 20, 2024

Clearing House’s ACH growth rate outstrips Fed

Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.

By Lynne Marek • March 19, 2024

Explore the 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

Mastercard extends tie to Alipay

The card giant said the expanded partnership will let the Chinese digital wallet company’s 1 billion users send payments to 180 markets.

By Lynne Marek • March 19, 2024

Nuvei forms committee to evaluate ‘strategic alternatives’

The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.

By Lynne Marek • March 18, 2024

Marqeta CFO touts EWA expansion

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

By James Pothen • March 18, 2024

Afterpay extends reach beyond apparel

The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.

By Tatiana Walk-Morris • March 18, 2024

FreedomPay doubles down on gateway focus

The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal. 

By Caitlin Mullen • March 18, 2024

3 pieces of modern infrastructure needed to manage tech-disrupted finance flows

Soon, all payments will begin and end with software. Which innovations should companies prioritize now?

March 18, 2024

CFPB warns of ‘dangers’ on standards for open banking

“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

By Lynne Marek • March 15, 2024

Fiserv searches for ‘tuck-in type’ deals

Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.

By Caitlin Mullen • March 15, 2024

Fintech founder backs Google, Apple

“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.

By Kingsley Ezeani • March 15, 2024

ACI CEO weighs in on FedNow, cross-border payments

The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.

By Lynne Marek • March 14, 2024

Banking apps fall short on fraud protections: report

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

By James Pothen • March 14, 2024

Visa teams with SAP’s Taulia on embedded payments

The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.

By Tatiana Walk-Morris • March 14, 2024

Klarna’s IPO prospects grab spotlight

The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.

By Caitlin Mullen • March 13, 2024

PayPal, Mastercard add C-suite hires

Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.

By Lynne Marek • March 13, 2024

Stripe reports payments volume increase

The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.

By James Pothen • March 13, 2024

FDIC pushes regulators to address tokenization

Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.

By Gabrielle Saulsbery • March 12, 2024

PayPal may axe straggler business units

On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

By Lynne Marek • March 12, 2024

Hertz taps Stripe for digital payments

The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.

By James Pothen • March 12, 2024

Visa spends ‘billions’ battling cybersecurity threats

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

By Lynne Marek • March 11, 2024

JPMorgan to launch biometric checkout next year

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

By Caitlin Mullen • March 11, 2024

IHG approves slew of hotel digital tipping solutions

The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.

By Noelle Mateer • March 11, 2024

Apple reverses decision on blocking Epic

“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.

By James Pothen • March 8, 2024

Fleetcor invests in Brazilian mobile app business Zapay

Fleetcor’s investment this week follows other payments companies, including Visa, in investing in Brazilian businesses.

By Lynne Marek • March 8, 2024