Self-checkout comprises nearly 40% of grocery checkout options, study says

Offering a mix of both manual and self-checkout lanes can appeal to a wider variety of shoppers and serve different types of shopping trips, according to shopper intelligence firm Catalina. 

By Catherine Douglas Moran • Nov. 17, 2022

NY Fed launches CBDC project with Mastercard, big banks

Mastercard and big banks such as Citi, Wells Fargo, BNY Mellon and U.S. Bank are set to participate in the proof-of-concept trial.

By Rajashree Chakravarty • Nov. 16, 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

CEOs Sound Off: Payments forecasts for 2023

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

By Caitlin Mullen , Lynne Marek • Nov. 16, 2022

Giant Food’s prepaid debit card tackles food insecurity

With the tie-up, the Fresh Connect program is expanding to all of banner’s locations in Washington, D.C., and participants will be able to access free classes, consultations and resources offered by the grocer. 

By Catherine Douglas Moran • Nov. 16, 2022

Nacha, Fed, Clearing House offer late night payments

The Federal Reserve and The Clearing House have launched late night ACH payments, speeding up the processing of some payments.

By Tatiana Walk-Morris • Nov. 16, 2022

Fiserv ‘maniacally focused’ on expense management

When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”

By Caitlin Mullen • Nov. 15, 2022

Toast surpasses $100B in annualized payments

The payments company that caters to restaurants reached that quarterly record after significant expansion this year.

By Jonathan Berr • Nov. 15, 2022

Fortis acquires Payment Logistics

The founder of Payment Logistics will remain at the firm overseeing its employees in California.

By Tatiana Walk-Morris • Nov. 15, 2022

Tim Hortons offers scan-to-pay option

Rewards members can pay for orders and earn or redeem rewards with a single scan if they link a credit card or Tim Card to the restaurant’s mobile app. 

By Emma Liem Beckett • Nov. 14, 2022

Wex readies for acquisitions

Acquisitions are part of Wex CEO Melissa Smith’s annual growth goals, and the deteriorating economy could present attractive targets, she said.

By Lynne Marek • Nov. 11, 2022

FTX files for bankruptcy, CEO steps down

FTX.com’s assets were frozen in the Bahamas, where the company is headquartered. Crypto lender BlockFi also paused withdrawals because of its exposure to FTX.

By Gabrielle Saulsbery • Nov. 11, 2022

Musk pushes Twitter toward payments

“Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Musk. “We need money transfer licenses for that, which we’ve applied for.”

By Anna Hrushka • Nov. 11, 2022

Green Dot CEO taps new team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Marqeta lands new client, faces questions on Block

While the company said this week that it won new business from a fintech backed by Walmart, it also faced questions over contract renewals for its biggest customer, Block. 

By Lynne Marek • Nov. 10, 2022

Jack Henry & Associates bucks slowdown trend

Executives for the tech services provider asserted that their pipeline of new business remains healthy despite economic headwinds beating up the rest of the industry.

By Caitlin Mullen • Nov. 9, 2022

Preparing for the CBDC era

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

By Lance Homer • Nov. 9, 2022

Affirm curbs hiring amid economic uncertainty

The buy now-pay later company is pulling back on adding talent in some areas, but plunging ahead in others and seeking out talent in lower-cost regions.

By Jonathan Berr • Nov. 9, 2022

ACI Worldwide fires CEO

Odilon Almeida had served as the payments company’s president and CEO since March 2020 and will be succeeded temporarily by board chairman Thomas Warsop.

By Caitlin Mullen • Nov. 9, 2022

Brex co-CEO: Fintech took ‘reputation hit’ after dropping customers

Co-CEO and cofounder Henrique Dubugras regrets Brex’s handling of its June customer base changes, but said narrowing the company’s focus on startups was the right call.

By Caitlin Mullen • Nov. 8, 2022

FedNow gives fee holiday in 2023

Federal Reserve banks introducing the new instant payments system next year will jettison customer transfer and participation fees for the launch.

By Lynne Marek • Nov. 7, 2022

Block pledges to curb spending

The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.

By Caitlin Mullen • Nov. 4, 2022

PayPal girds for slowdown, leans on Apple, Amazon

The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.

By Lynne Marek • Nov. 4, 2022

Musk aims Twitter at payments

Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.

By Lynne Marek • Nov. 3, 2022

Stripe chops workforce for ‘leaner times’

The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

By Lynne Marek • Nov. 3, 2022

Fiserv scoops up Nextable

With the latest acquisition, Fiserv is further strengthening its restaurant chops, adding cloud-based reservation and table management to its BentoBox operation.

By Caitlin Mullen • Nov. 3, 2022