Discover pulls back on debit product

The card company has suspended applications for its checking and cashback debit product due to instances of fraud, its CEO said this week.

By Caitlin Mullen • Dec. 8, 2022

Plaid cuts 260 employees

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

By Dan Ennis • Dec. 7, 2022

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

Fiserv stands by profit margin expansion target

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

By Caitlin Mullen • Dec. 7, 2022

First US non-Amazon-owned grocer to use palm-scanning tech

The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.

By Catherine Douglas Moran • Dec. 6, 2022

Circle’s $9B SPAC deal falls apart

The stablecoin issuer and the blank-check company that had hoped to take it public terminated their agreement over the wait for SEC approval.

By Dan Ennis • Dec. 6, 2022

FTX fallout spurs regulatory fears

Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.

By Caitlin Mullen • Dec. 6, 2022

TIB taps Jack Henry for tech refresh

As it aims to compete with bigger financial institutions, the bank TIB picked Jack Henry to provide it with a technology infrastructure upgrade. 

By Tatiana Walk-Morris • Dec. 6, 2022

Cantaloupe pays $41M to acquire Three Square Market

With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.

By Lynne Marek • Dec. 5, 2022

Shift4 buys European payments provider for $126M

The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

By Caitlin Mullen • Dec. 5, 2022

NFL expands Fortnite presence with Visa

The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators. 

By Aaron Baar • Dec. 1, 2022

Harvard researchers flag BNPL risks

The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

By Caitlin Mullen • Dec. 1, 2022

Amazon adds store with Just Walk Out tech

The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.

By Brett Dworski • Dec. 1, 2022

FIS, Fiserv could benefit from credit legislation

Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

By Caitlin Mullen • Nov. 30, 2022

ACI charts 15% rise in holiday e-commerce

The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

By Lynne Marek • Nov. 30, 2022

Afterpay BNPL transactions climb

Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

By Caitlin Mullen • Nov. 29, 2022

NJ official: No reason to doubt Fiserv job growth plan

Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.

By Caitlin Mullen • Nov. 28, 2022

PayPal counts on its digital app for gains

The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

By Lynne Marek • Nov. 28, 2022

Winners, losers on Black Friday

With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.

By Dani James • Nov. 28, 2022

BNPL connected to overdraft charges, card fees: study

Heavy users of buy now-pay later ― which researchers said inspires consumers to spend beyond their means — showed larger declines in financial health, a recent academic study determined.

By Caitlin Mullen • Nov. 22, 2022

Afterpay, Expedia link for travel BNPL

The buy now-pay later provider and the travel booking company are teaming up to allow consumers to spread out payments for flights and hotels.

By Caitlin Mullen • Nov. 22, 2022

PayZen raises $20M, lands debt facility

The fintech aims to extend buy now-pay later financing options to consumers for healthcare payments.

By Tatiana Walk-Morris • Nov. 21, 2022

Visa’s next CEO sees a world of growth

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

By Lynne Marek • Nov. 21, 2022

World Cup offers stage for payments tech

While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.

By Tatiana Walk-Morris • Nov. 21, 2022

Construction payments firm Billd lands $100M credit line

The debt facility will feed two of the company’s app-based cash flow products.

By Matthew Thibault • Nov. 18, 2022

Can Congress come together on crypto?

Perhaps even a divided Congress can make bipartisan headway in crafting a regulatory framework for crypto following the FTX failure.

By Lynne Marek • Nov. 17, 2022