Let the credit card battle begin

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

By Lynne Marek • Aug. 8, 2022

Visa, Mastercard react to Pornhub ruling

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

By Lynne Marek • Aug. 5, 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

Block pulls back on expenses

The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

By Caitlin Mullen • Aug. 5, 2022

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

Gucci expands crypto payment options to ApeCoin, Euro Coin

More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

By Tatiana Walk-Morris • Aug. 4, 2022

FIS reduces 2022 outlook

The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

By Lynne Marek • Aug. 4, 2022

Fiserv whittles workforce

The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

By Caitlin Mullen • Aug. 4, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

PayPal takes new direction with Elliott

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

By Lynne Marek • Aug. 3, 2022

Wex profits soar on rising fuel prices

Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles. 

By Lynne Marek • Aug. 2, 2022

Amex rolls out B2B digital payment tool

American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.

By Caitlin Mullen • Aug. 2, 2022

Global Payments buys Evo at a premium

Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.

By Lynne Marek • Aug. 1, 2022

Mobile wallets gain traction in bill payments: survey

Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.

By Tatiana Walk-Morris • Aug. 1, 2022

CEOs Sound Off: Payments execs navigate economic turmoil

CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

By Jonathan Berr • July 29, 2022

Mastercard earnings get cross-border lift

“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

By Caitlin Mullen • July 28, 2022

Fiserv confronts profit margin pressure

Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.

By Caitlin Mullen • July 27, 2022

Balance raises $56M for B2B payments

The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

By Tatiana Walk-Morris • July 26, 2022

Amazon opens a new wallet for sellers

The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

By Lynne Marek • July 26, 2022

Grocery company Albertsons rolls out SNAP online payment

The company now offers the purchasing capability at five banners through its own platform as well as the Instacart app.

By Catherine Douglas Moran , Jeff Wells • July 25, 2022

Fintech Cardless taps Amex network

The partnership allows brands working with Cardless to take advantage of Amex’s benefits, while Amex sees the move expanding the scale of its network.

By Caitlin Mullen • July 25, 2022

Domestic money transfer to jump nearly 50%, Juniper forecasts

Domestic money transfer payments worldwide are likely to jump by about 50% between this year and 2026 to some 300 billion payments, research firm Juniper Research predicted in a report released today.

By Lynne Marek • July 25, 2022

PayPal hands out stock to new workers

The digital payments pioneer is distributing shares of its beat-up stock to hundreds of new workers in a bid to hang onto employees after cutting others earlier this year. A spokesperson said the distribution was a “normal course” of action.

By Lynne Marek • July 22, 2022

Deluxe payments business to overtake check-printing

The company is “transforming from a legacy check-printing company to a payments and data company," CEO Barry McCarthy said.

By Jonathan Berr • July 21, 2022

Resolve CEO touts benefits of BNPL in B2B

As Resolve’s customers manage cash closely and navigate supply chain snags, CEO Chris Tsai expects the company’s BNPL model for B2B will stand out in a challenging economic environment.

By Caitlin Mullen • July 21, 2022

Payments funding, deal-making declines in Q2

Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.

By Lynne Marek • July 21, 2022