Fiserv, Amazon link rewards programs

The new offering is available to card holders through 200 financial institutions, with an expansion of the partnership expected by the end of the year.

By James Pothen • July 28, 2023

It’s time for a new payday approach

“It's time to question whether this traditional approach to paying employees is still the most efficient and equitable,” writes one earned wage access CEO.

By Kevin Coop • July 28, 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

Wex acquires Ascensus unit for $180M

In addition to the Ascensus health and benefits unit purchase, Wex said it will invest up to $100 million in a new venture arm.

By Lynne Marek • July 28, 2023

Upgrade buys BNPL firm Uplift for $100M

The deal, Upgrade’s first acquisition, more than doubles the neobank’s customer base by adding 3.3 million users to its existing 2.5 million, CEO Renaud Laplanche said.

By Anna Hrushka • July 27, 2023

Mastercard waits on FedNow

While Mastercard participates in real-time payment systems in other countries, it’s holding back for now on the new U.S. instant payments network.

By Lynne Marek • July 27, 2023

PayPal deepens Microsoft partnership

In an expansion of a prior tie, software colossus Microsoft will increase the ways customers can use PayPal tools to purchase goods and services.

By Lynne Marek • July 26, 2023

Mastercard launches B2B virtual card tool

Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.

By Tatiana Walk-Morris • July 26, 2023

Apple Pay Later makes gains: survey

Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.

By James Pothen • July 25, 2023

How FedNow may affect businesses

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

By Suman Bhattacharyya • July 25, 2023

Payments venture funding skids

Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.

By Lynne Marek • July 24, 2023

Will payments M&A pick up after slow start?

Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.

By Caitlin Mullen • July 24, 2023

Square’s new GM for restaurants targets bigger operators

Ming-Tai Huh shares how his position as a restaurant operator and a tech executive has given him a singular view of the restaurant industry’s challenges.

By Aneurin Canham-Clyne • July 21, 2023

FedNow’s launch ‘is just the start’

Direct access to the Fed’s payments system for nonbanks — specifically payments companies — will push the U.S. more fully into payments modernization, writes an executive from cross-border payments company Wise.

By Brigit Carroll • July 21, 2023

Apple pursues global payments, pushing into Morocco

The tech giant also launched the app in South Korea in March, and in four Latin American countries in May.

By James Pothen • July 20, 2023

Whole Foods to deploy Amazon One chainwide

The chain plans to offer the palm recognition and payment system at all of its more than 500 stores by the end of 2023, Amazon announced Thursday.

By Sam Silverstein • July 20, 2023

Clair CEO welcomes on-demand pay regulation

Clair CEO Nico Simko weighed in on whether EWA is a payday loan and how the company offers fee-free wage access.

By James Pothen • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system arrived right on time, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Flywire, Tencent partner on cross-border education payments

The international payments software firm aims to give Chinese students abroad a tool for paying tuition using their home country’s most popular digital wallet.

By James Pothen • July 19, 2023

Toast axes 99-cent fee

The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.

By Caitlin Mullen • July 19, 2023

Frictionless checkout becomes increasingly popular at stadiums

Allegiant Stadium in Las Vegas just added its 10th frictionless store as the trend at sporting ventures expands.

By Jessica Loder • July 18, 2023

Fintech funding drops in 2Q

While there was a drought of venture capital for payments startups and other fintechs in the first half of the year, industry reports spot potential for new flows in the second half.

By Lynne Marek • July 18, 2023

BNPL app downloads decline

In the U.S., total BNPL app downloads for the second quarter fell 19% compared to the year-ago period, Bank of America Securities analysts said.

By Caitlin Mullen • July 17, 2023

Dollar General rolls out new cash rewards program

The new program allows customers to earn cash back in their digital wallets from the chain store on eligible purchases.

By Catherine Douglas Moran • July 14, 2023

Apple debuts recurring payments

The tech giant, now valued at $3 trillion, is continuing to expand its financial offerings after debuting a buy now, pay later feature and a savings account earlier this year.

By James Pothen • July 14, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

By Lynne Marek • July 14, 2023