CFPB slaps warning on P2P

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

By Lynne Marek • June 2, 2023

Discover relaunches debit account

After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

By Caitlin Mullen • June 2, 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

Dwolla appoints new CFO

The company also appointed two new board members as it seeks to capitalize on rising A2A payments demand.  

By Grace Noto , Lynne Marek • June 1, 2023

Google aims to bulk up wallet

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

By Lynne Marek • June 1, 2023

Flywire shops for bigger acquisitions

The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

By Caitlin Mullen • June 1, 2023

Worldpay taps Affirm for BNPL

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout. 

By Tatiana Walk-Morris • June 1, 2023

ACI appoints new CEO

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

By Lynne Marek • May 31, 2023

Payments cost-cutting could fuel M&A: investor

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

By Caitlin Mullen • May 31, 2023

FIS CEO sizes up competition

CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

By Lynne Marek • May 31, 2023

Consumers use cash to forget, study shows

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

By Caitlin Mullen • May 30, 2023

Consumers, businesses gravitate to faster, mobile payments

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

By Lynne Marek • May 26, 2023

Debit network players gear up for July

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

By Caitlin Mullen • May 26, 2023

Payments fraud climbs as banks reach for joint response

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

By Lynne Marek • May 25, 2023

Levchin downplays Apple threat

Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

By Caitlin Mullen • May 25, 2023

Give EWA a chance

“It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

By Brian Tate • May 24, 2023

Cash App pursues older, affluent customers

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

By Caitlin Mullen • May 24, 2023

Legislators spar over stablecoin proposals

Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

By Caitlin Mullen • May 22, 2023

NY Fed teams with Singapore on CBDC study

The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

By Lynne Marek • May 22, 2023

Worldpay spin-off hands FIS mixed bag

The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

By Lynne Marek • May 18, 2023

ACI boots chief technology officer

ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

By Caitlin Mullen • May 18, 2023

Square adds franchise platform

Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.

By Julie Littman • May 17, 2023

PayPal considers Xoom sale: report

The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

By Lynne Marek • May 17, 2023

PayPal urged to accelerate CEO search

The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

By Lynne Marek • May 16, 2023

Revolut CFO leaves digital bank for ‘personal reasons’

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

By Grace Noto • May 15, 2023

Catch chases in-store opportunity

Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

By Caitlin Mullen • May 15, 2023