BNPL will evolve as providers tweak the model

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.”

By Brian Shniderman • July 20, 2022

Feds crack down on improper payments

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

By Lynne Marek • July 20, 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

Klarna to open Los Angeles pop-up shop

Located on Melrose Avenue, the buy now-pay later firm’s two-day shopping experience will showcase sustainable brands.

By Tatiana Walk-Morris • July 19, 2022

Flywire expands presence in education payments

Following its second acquisition as a public company, Boston-based Flywire will continue to look for purchase opportunities that expand the payments company’s reach globally, said CEO Mike Massaro.

By Caitlin Mullen • July 19, 2022

ClassWallet signs string of new state contracts

Demand for ClassWallet’s education digital payments tools increased during the coronavirus pandemic, and that rise has continued this year in the company’s signing of new state contracts. 

By Jonathan Berr • July 19, 2022

NBCU, Peacock create shoppable TV show using QR codes

Viewers of the show 'Love Island USA' will be able to shop featured products in every episode using scannable QR codes starting this week.

By Jessica Deyo • July 19, 2022

Instagram enables payments in chat

Meta-owned Instagram will allow users to make purchases from small businesses directly within messages sent in the app.

By Caitlin Mullen • July 18, 2022

Stake, Aliaswire target rental payment flows

The companies see millions of dollars of opportunity in offering new ways for management of rental payment flows.

By Lynne Marek • July 18, 2022

Modern Treasury expands on demand, readies for FedNow

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services. 

By Jonathan Berr • July 18, 2022

5 essential features to look for in an omnichannel commerce partner

An experienced commerce partner can help provide the technology needed to help merchants keep up.

July 18, 2022

Restaurant payments app Sunday cuts staff, exits markets

The startup, which launched just 16 months ago, will pull out of four of its seven markets to focus on the U.S., U.K. and France. 

By Emma Liem Beckett • July 17, 2022

Stripe's valuation slashed as fintech rout continues

The company told employees Friday that its internal share price had fallen 27% to $29 from $40, The Wall Street Journal reported, citing unnamed sources.

By Jonathan Berr • July 15, 2022

SeatGeek taps Affirm for event BNPL

As inflation threatens consumers’ discretionary spending, event ticketing companies like SeatGeek could view the buy now-pay later option as an attractive way to bolster sales.

By Caitlin Mullen • July 15, 2022

CFPB's Chopra reminds payments players they're in his sights

In a blog post this week, the director reiterated that payments processors, credit card issuers and debt collectors are attracting scrutiny from his agency.

By Lynne Marek • July 14, 2022

FedNow chases real-time payments front-runners

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.

By Lynne Marek • July 14, 2022

Relay Payments takes on incumbents in trucking

The fintech is taking on FleetCor and Wex as it seeks to take a bigger bite of a $500 billion U.S. trucking logistics market.

By Caitlin Mullen • July 13, 2022

Banks and fintechs don't need to fight

“Rather than competing with one another, banks and fintechs are increasingly partnering,” writes Modern Treasury CEO Dimitri Dadiomov.

By Dimitri Dadiomov • July 12, 2022

Consumers demand contactless payments for transit: Visa

Public transport is expected to become a driver of contactless payment usage, especially as environmentally conscious commuters get on board, suggested a survey by card network company Visa.

By Tatiana Walk-Morris • July 12, 2022

Zip ditches Sezzle BNPL buyout

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.” 

By Lynne Marek • July 12, 2022

Mesh Payments pursues $50M in debt financing to support growth

The corporate spend management startup, which has raised $63 million in capital, is trying to balance “growing too fast and making sure we are not under-servicing our clients,” said CEO Oded Zehavi.

By Caitlin Mullen • July 12, 2022

Prepaid Tech buys WorkStride to boost customer engagement

The Birmingham, Alabama-based fintech says there is room to grow in the $8 trillion market for business-to-business payment software services.

By Suman Bhattacharyya • July 12, 2022

Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars of value in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

Banks aren't doing enough to address Zelle fraud, senators say

Months after writing the CEO of Zelle’s parent company, Sens. Bob Menendez and Elizabeth Warren — with six other lawmakers signing on — are seeking information from seven banks with ownership stakes in the platform.

By Anna Hrushka • July 11, 2022

Bolt CEO says no need to raise more capital this year

After cutting about 30% of its workforce earlier this year, digital checkout startup Bolt is on a path to profitability within the next three years, said CEO Maju Kuruvilla.

By Caitlin Mullen • July 11, 2022

Rectangle Health taps partner for BNPL financing

Rectangle Health said it’s partnering with Healthcare Finance Direct to provide buy now-pay later financing to patients that want the option to pay their healthcare bills over time.

By Joe Burns • July 11, 2022