Fraud emerges as concern for FedNow users

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

By Lynne Marek • Dec. 15, 2023

Senators keep pressure on PayPal, Block

Senate Democrats urged top executives at PayPal and Block, in another round of letters, to improve reimbursement for victims of payment scams.

By Lynne Marek • Dec. 14, 2023

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

Authorized payment scams climb in US

Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

By Tatiana Walk-Morris • Dec. 14, 2023

Google-Epic trial outcome undercuts app payment model

The jury verdict in favor of Epic Games challenges the Google Play app store model that forces payments through its system, with fees up to 30% on sales.

By Robert Freedman • Dec. 13, 2023

Google Pay taps Affirm, Zip for BNPL

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

By Caitlin Mullen • Dec. 13, 2023

FedNow may have spurred RTP adoption

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

By Lynne Marek • Dec. 13, 2023

ValueAct chops Fiserv stake: analyst

The activist investor has cut its ownership by about two-thirds, a sign that it might be satisfied with the payment company’s progress, Monness, Crespi, Hardt & Co. analyst Gus Galá says.

By Caitlin Mullen • Dec. 12, 2023

Mastercard ties growth to digital strategy

The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.

By Lynne Marek • Dec. 11, 2023

4 ways to “Break the Cycle” and leave manual reimbursements in the past

Manual travel reimbursements cost companies time and money yet remain common in corporate policies.

Dec. 11, 2023

Flutterwave lands state money licenses

The African payments company launched its remittance app in August as part of a push to facilitate more payments between the U.S. and Africa.

By James Pothen • Dec. 8, 2023

Amazon drops Venmo users

Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.

By Lynne Marek • Dec. 7, 2023

Stripe switches up board members: report

The digital payments company replaced one director and added another, increasing the representation from Sequoia Capital entities, a trade publication reported.

By James Pothen • Dec. 7, 2023

Fiserv resurrects growth officer role for M&A focus

The payments processor has hired an enterprise growth officer who will zero in on M&A, strategy and ventures for the company.

By Caitlin Mullen • Dec. 7, 2023

PayPal taps Fiserv exec for top post

PayPal’s new CEO is making executive suite changes, creating a president of global markets post and tapping a payments industry veteran for the role.

By Lynne Marek • Dec. 6, 2023

PayPal venture arm backs Israeli data privacy startup

The funding boost comes as data privacy management startup Mine seeks to increase its hiring in the U.S.

By Alexei Alexis • Dec. 5, 2023

Tipalti investigating ransomware attack

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

By Matt Kapko • Dec. 5, 2023

BNPL growth decelerates: Bank of America

The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

By Tatiana Walk-Morris • Dec. 5, 2023

Bill to cut 15% of workforce

The business payments software provider also said it’s closing its office in Sydney, Australia, as part of a broader restructuring.

By Caitlin Mullen • Dec. 5, 2023

Breaking down payments challenges: Fintechs vs traditional finance

Leaders are confronting growing challenges across their payment operations.

Dec. 4, 2023

Convenience retailer Yesway adopts Relay’s fuel payment software

Relay’s cardless purchasing capability allows more fleets and drivers to avoid fraud caused by card skimming, the logistics payment company said.

By Brett Dworski • Dec. 1, 2023

FIS eyes small acquisitions

Fidelity National Information Services is on the hunt for smaller acquisitions in one of its divisions, and it’s benefitting from other companies’ deals in another.

By Lynne Marek • Dec. 1, 2023

Who wants Apple’s credit card? Analysts weigh in.

Synchrony, American Express and Capital One have all been floated by analysts as potential successors to Goldman Sachs for Apple’s credit card.

By James Pothen • Dec. 1, 2023

Amazon rolls out palm-based identity service for businesses

The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.

By Joe Burns • Nov. 30, 2023

Wise targets US banks for int’l gains

The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.

By Lynne Marek • Nov. 30, 2023

X picks up two more state money licenses

South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature. 

By James Pothen • Nov. 30, 2023