Consumers, SMBs prize security in cross-border payments: survey

Trust and transparency of fees were other key factors for consumers and businesses choosing a cross-border payment provider, a Swift survey revealed.

By Caitlin Mullen • July 14, 2023

Payoneer to cut nearly 10% of employees

The cross-border payments company plans to reinvest the savings in future growth, with hiring in research and development.

By James Pothen • July 13, 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

Discover pulls new CIO from Wells Fargo

Jason Strle, a 20-year tech vet, succeeds Amir Arooni, who spent nearly three years as the financial services company's CIO.

By Matt Ashare • July 13, 2023

Will Toast get burned by 99-cent fee?

The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.

By Caitlin Mullen • July 12, 2023

Twitter snags money transfer license in Arizona

That’s the fourth state in which the social media company has received a license, inching it closer to creating the payments tool and super-app envisioned by owner Elon Musk.

By James Pothen • July 12, 2023

Criminals stole $20M from Revolut via payment loophole: report

Differences in the firm’s U.S. and European systems meant the neobank would use its own money to erroneously refund certain declined payments, the Financial Times reported.

By Anna Hrushka • July 11, 2023

Missouri follows Nevada in enacting EWA law

The new legislation creates a requirement that earned wage access providers operating in Missouri must register with the state.

By James Pothen • July 11, 2023

Merchant Lynx Services acquires National Credit Card Processing Group

The purchase gives Merchant Lynx Services a payment acceptance presence in the highway construction and large equipment sector, a Merchant Lynx executive said.   

By Caitlin Mullen • July 10, 2023

Affirm to shutter Returnly

Two years after purchasing Returnly for $300 million, Affirm said it’s divesting the returns management platform business.

By Caitlin Mullen • July 7, 2023

Wise CFO nets larger pay than CEO

CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO also is leaving for a planned sabbatical in September.

By Grace Noto • July 7, 2023

Stripe cuts additional jobs

The digital payments services provider pared its workforce last week, following on more extensive cuts last year.

By James Pothen • July 7, 2023

As biometrics use advances, so must hacker defenses

“Hackers are using all sorts of sophisticated methods to trick and bypass biometric technology – like capturing audio clips of individuals’ voices, making fake fingerprints using putty and gelatin, and downloading photos and videos,” an executive writes.

By Alessandro Chiarini • July 7, 2023

Ramp acquires AI-powered Cohere

The finance automation platform said it acquired the startup to help drive AI-powered projects and solve problems for its customers.

By Rajashree Chakravarty • July 6, 2023

FIS to sell Worldpay stake to GTCR

Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion. 

By Lynne Marek • July 6, 2023

Goldman in talks to transfer Apple card deal to Amex: reports

The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.

By Gabrielle Saulsbery • July 5, 2023

NCR outlines ATM spin-off strategy

The separation of NCR’s ATM business and its digital commerce operations occurred in the fourth quarter of last year.

By Caitlin Mullen • June 30, 2023

Moody’s report spotlights FedNow downside

The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.

By Lynne Marek • June 30, 2023

GetGo offering mobile-pay fuel discounts for July 4

GetGo’s mobile payments promotion adds to the handful of initiatives the company has undertaken in recent months, including installing bitcoin ATMs at some locations.

By Jessica Loder • June 30, 2023

DoorDash adds SNAP payments

DoorDash added the ability to use SNAP EBT online payments for on-demand delivery of eligible grocery items as part of numerous updates to its app.

By Catherine Douglas Moran , Julie Littman • June 29, 2023

Car IQ links with PDI to expand c-store payment network

The partnership will make vehicle-recognition payments for fleet owners available to more retailers across the country.

By Jeff Wells • June 29, 2023

Tops grocery starts accepting SNAP EBT payments online

The food waste-reduction service worked with payments processor Forage to allow SNAP shoppers to place pickup orders for items nearing their expiration dates at participating Tops stores.

By Sam Silverstein • June 29, 2023

Visa to acquire Pismo for $1B

Visa said it has agreed to acquire the Brazilian company to provide more card issuing and banking services to fintechs and financial institutions.

By Lynne Marek • June 29, 2023

Square tests credit card for merchants

The card aimed at providing more financial services to merchants comes amid a slew of competition to serve that clientele.

By Caitlin Mullen • June 28, 2023

Starbucks reverts to cash amid tech glitch

The coffee retailer was only able to accept cash and Starbucks App payments on Monday during a company-wide technology snafu.

By James Pothen • June 27, 2023

Alivia Analytics scans for healthcare payments fraud

With new leadership installed since October, including a new CEO and board member, Alivia Analytics is fighting payments fraud in the healthcare sector.

By Joseph Burns • June 26, 2023