FTC lawsuit knocks Amazon on payments play

The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.

By Lynne Marek • Sept. 27, 2023

Square adds merchant tools

Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.

By Caitlin Mullen • Sept. 27, 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

Andreessen Horowitz pushes cross-border payment improvements

While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.

By James Pothen • Sept. 26, 2023

BNPL users ‘financially fragile,’ NY Fed says

Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.

By Caitlin Mullen • Sept. 26, 2023

Is FedNow pivotal for payments or overhyped?

FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

By Eric Shoykhet • Sept. 26, 2023

Congressional committee passes bill to thwart CBDC

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.  

By Lynne Marek • Sept. 25, 2023

Hassle-free holidays — how Quick Checkout transforms first-time customers into fans

Quick Checkout helps merchants streamline the checkout process.

Sept. 25, 2023

PCI security is costing you more than you think

PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.

Sept. 25, 2023

Payments processing can get complicated. Here’s a primer.

How many companies does it take to process a credit card payment?

By James Pothen • Sept. 22, 2023

Varo aims to displace Venmo, Cash App volume with P2P feature

The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

By Anna Hrushka • Sept. 21, 2023

Uber to add more payments tools to its app

The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.

By Catherine Douglas Moran • Sept. 21, 2023

Is X unfit to hold state money licenses?

Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

By James Pothen • Sept. 21, 2023

Amazon adds RFID to cashierless tech

The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.

By Tatiana Walk-Morris • Sept. 20, 2023

EMVCo floats click-to-pay guidelines

The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.

By Tatiana Walk-Morris • Sept. 20, 2023

Stadium payments competition heats up

Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.

By Caitlin Mullen • Sept. 20, 2023

Citi launches token service for institutional clients

The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant, cross-border payments 24/7, the bank said.

By Rajashree Chakravarty • Sept. 19, 2023

Connecticut moves to regulate EWA

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

By Lynne Marek • Sept. 19, 2023

Brex adds AI tool

Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.

By Alexei Alexis • Sept. 19, 2023

Square CEO to depart

Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.

By Caitlin Mullen • Sept. 18, 2023

Digital dollar bill resurfaces in Congress

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

By Lynne Marek • Sept. 18, 2023

Small businesses embrace digital payments

Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.

By Tatiana Walk-Morris • Sept. 17, 2023

Payments at MGM Resorts disrupted by cyberattack

The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.

By David Jones • Sept. 15, 2023

Grabango lays off employees across several departments

The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company.

By Brett Dworski • Sept. 15, 2023

CEO out at embattled Binance.US

Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.

By Gabrielle Saulsbery • Sept. 14, 2023

FIS battles higher labor costs

The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.

By Lynne Marek • Sept. 14, 2023