The Latest
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Global Payments eyes cost cuts
The payments processor sharpens its focus on how to squeeze $600 million in “cost synergies” from its $24 billion purchase of Worldpay.
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Expensify predicts brand boom from Brad Pitt F1 film
The travel-and-expense manager is the top sponsor of Pitt’s fictional race team and says it expects a wave of new leads from Apple’s summer drama.
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OpinionBanks must accelerate ISO 20022 prep
“While larger banks have made considerable progress in preparing for this transition, smaller regional banks and credit unions are largely lagging,” writes one IT executive.
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unsplashed.com/Simon Kadula
AvidXchange swallowed in $2B deal
The accounts payable software firm agreed to be taken private in an acquisition by investment company TPG and card processor Corpay.
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Mastercard faces cross-border headwinds
The credit card network reported a first-quarter slowdown in the growth of international travel, a potential warning sign amid economic uncertainty.
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Apple faces new payments lawsuit
A basketball training company is suing the tech titan, which it claims unfairly collected money from potentially more than 100,000 app developers.
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Anna Moneymaker / Staff via Getty Images
CFPB spurns BNPL rule
The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice.
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The image by Massimo Catarinella is licensed under CC BY-SA 2.0
Indiana passes EWA law
The state follows others, including Nevada and Wisconsin, in instituting licensing requirements for earned wage access providers.
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Fiserv names Michael Lyons CEO
The company disclosed the promotion minutes after the U.S. Senate voted to confirm outgoing CEO Frank Bisignano as commissioner of the Social Security Administration.
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Lynne Marek/Payments Dive
Visa pursues stablecoins for cross-border payments
The biggest U.S. card network is setting up partnerships and innovating behind the scenes to develop stablecoins for cross-border uses.
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Caitlin Mullen/Payments Dive, data from Fiserv
Senate to vote on Fiserv CEO for SSA post
The Senate Finance Committee chair urged colleagues to support Frank Bisignano to become head of the Social Security Administration when they vote on his nomination this week.
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Warren, Waters urge Fed to reconsider Capital One-Discover
The Democratic lawmakers blasted the central bank’s “analysis, or lack thereof,” arguing the Fed “parroted assertions made by Capital One.”
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Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 turns to restaurants for future growth
The payment processor has signed thousands of restaurants in Europe and expects to delve deeper into that business.
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Zelle service glitch tied to Fiserv resolved
The P2P payments experienced technical troubles Friday as Fiserv cited an "internal issue" that disrupted its service.
Updated May 5, 2025 -
Justin Sullivan via Getty Images
Apple violated app payments injunction, judge rules
The tech giant schemed to limit competition and protect its payment revenues from app developers despite the court’s 2021 order, a federal judge said.
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Green Dot, Crypto.com partner for banking services
Crypto.com has collaborated with other mainstream financial firms like Visa and FIS to offer its digital currency customers more services.
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Courtesy of Walmart
Walmart drives toward instant payments
The mega retailer is eager to use more real-time payments as it speeds up digital services for cost-conscious customers.
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Cole Burston via Getty Images
Visa sees economic uncertainty starting to curb travel spending
As consumers brace for the potential impacts of Trump’s tariffs, they’re cutting back on hotel stays and airline travel, Visa executives said.
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Courtesy of Mastercard
Mastercard invests $300M in Corpay unit
The card network invested in the cross-border business of its corporate payments partner as the companies agreed to expand their partnership.
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Executive Shuffle: JPMorgan, Mastercard and PayZen
Payments and fintech companies are targeting growth, often by harnessing technology, with their recent executive appointments.
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Justin Sullivan via Getty Images
PayPal targets European branded service growth
The payments pioneer plans to expand its omnichannel payments strategy in Germany and the U.K., its biggest European markets.
Updated May 1, 2025 -
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Paze aims to pump up the volume with Fiserv
The digital wallet owned by seven banks has loaded 150 million customer cards onto the system. Now, it’s working with its processor ally to add more banks.
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Courtesy of Toast Inc.
Toast, Clover fight for restaurant customers
The fledgling fintechs have gobbled up a significant share of the U.S. restaurant point-of-sale market, but they’ll increasingly be battling industry heavyweights.
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Rawpixel via Getty Images
Fiserv ventures into high-end restaurants
The payment processing giant’s point-of-sale platform Clover will begin catering to upscale dining establishments next month.
