The Latest
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JPMorgan taps Gusto to offer embedded payroll
Chase Payment Solutions’ small and medium-sized business customers can use Gusto to combine the payroll process with financial operations.
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Uber to add more payments tools to its app
The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.
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Stadium payments competition heats up
Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.
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Amazon adds RFID to cashierless tech
The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.
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EMVCo floats click-to-pay guidelines
The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.
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Brex adds AI tool
Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.
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Square CEO to depart
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.
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Connecticut moves to regulate EWA
The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.
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Citi launches token service for institutional clients
The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant, cross-border payments 24/7, the bank said.
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BNPL users seek and use more new credit, Fed study finds
Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.
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Digital dollar bill resurfaces in Congress
The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.
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Small businesses embrace digital payments
Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.
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Battle over credit card bill escalates
The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB flags risks of tuition payment plans
In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.
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FIS battles higher labor costs
The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.
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Square apologizes for last week’s outage
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”
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Payments at MGM Resorts disrupted by cyberattack
The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.
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Grabango lays off employees across several departments
The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company.
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CEO out at embattled Binance.US
Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.
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Fed officials tout FedNow, seek adoption
Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.
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Discover shares pricing error findings with regulators
Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.
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Visa tracks spike in retail, e-commerce fraud
Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.
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CCCA backers target vote this year
Supporters of the proposed Credit Card Competition Act say Republican Sen. Roger Marshall foresees a Senate vote on the legislation this year.
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Stax CEO zeroes in on embedded payments
Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.
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PayPal CEO stresses stablecoin potential
The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.