The Latest

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    Justin Sullivan via Getty Images

    Payments execs detail SVB impact

    The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Payments Dive

    FedNow aims for late end of launch period

    The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

  • A crowd of people stands outside Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images

    Fiserv, Jack Henry CEOs react to bank crisis

    Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

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    Retrieved from Meijer.

    Meijer, Flashfood expand tie-up to include SNAP payments

    The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app. 

  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images

    Visa, Mastercard depict bank failure impact

    As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

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    Bryan Bedder / Stringer via Getty Images

    Amex bets on millennials, Gen Z for growth

    As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

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    Smederevac via Getty Images

    Tilia C-suite gets overhaul

    The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

  • Exterior of a brick building with the Etsy name on it.
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    Courtesy of Etsy

    Retail brands react to Silicon Valley Bank’s collapse

    The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.

  • An SVB sign stands outside the bank's headquarters.
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    Justin Sullivan via Getty Images

    Payments players caught in SVB fallout

    As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

  • Affirm and Amazon
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    Courtesy of Affirm

    Affirm courts Amazon for more business

    Even as it angles for an increase, the buy now, pay later provider’s CFO acknowledged Thursday that its juggernaut e-commerce partner has other BNPL options.

  • Guns are shown in a gun store
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    Spencer Platt / Staff via Getty Images

    Amex follows rivals in ditching gun code

    Visa, Mastercard, Amex and Discover all said separately Thursday they’re holding off on earlier plans to implement a new gun merchant category code on their card networks.

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    Photo Credit: Ron Lach

    February retail, restaurant sales rise: Mastercard

    U.S. retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.

  • A sign on a drinks case door that reads "We accept SNAP/EBT."
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    Catherine Douglas Moran/Payments Dive

    USDA picks 5 states for mobile SNAP payments pilot

    Illinois, Louisiana, Massachusetts, Missouri and Oklahoma are working with the government agency to expand payment options for SNAP consumers. 

  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images

    FedNow may draw in low-income users

    The real-time payments system due later this year could have particular appeal to unbanked and underbanked Americans, Fed researchers say.

  • Woman's hand selecting subscription options on tablet screen
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    DragonImages via Getty Images

    Pagos aims to check merchants’ payments costs

    With a recent venture capital infusion for the merchant software tools provider, Pagos is planning to add jobs, including engineers.

  • Person using a point of sale software system at a restaurant
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    Moyo Studio via Getty Images

    Shift4 needles rival Toast

    Toast and Shift4 are battling to win larger customers in the intensely competitive restaurant payments arena. 

  • PayPal building in San Jose
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    Justin Sullivan via Getty Images

    PayPal CFO hits the exit

    PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.

  • The letters AI on a digital block
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    BlackJack3D via Getty Images

    Brex offers ChatGPT-style tools

    The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images

    Affirm exits Australia

    Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.

  • Amazon Go first store
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    Retrieved from Amazon press page.

    Amazon Go to close 8 of its stores

    The company will close the checkout-free stores next month as it struggles to get its physical retail footprint right.

  • Person uses credit card to buy online
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    Nastasic via Getty Images

    Paymentus picks ex-TiVo exec for CFO

    The electronic billing and payment company’s CFO hire comes less than a month after it handed a change in control and severance agreement to its then interim CFO.

  • People hold crosses in a parking lot with a Walmart sign overhead.
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    Mario Tama via Getty Images

    Walmart shooter likely used card to buy gun

    The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

  • View of PayPal logo outside of company headquarters
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    Justin Sullivan via Getty Images

    PayPal leans on Venmo for growth

    While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.

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    Michele Pevide via Getty Images

    Behind Synchrony’s decision to join Project Black

    The private label card issuer decided it needed to do more to support entrepreneurs of color and women business owners so it teamed up with Ariel Alternatives.

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    pcess609 via Getty Images

    Banking technology provider Amount cut 25% of staff

    The Chicago-based fintech, which was valued at $1 billion in 2021, recently initiated its second round of layoffs in less than a year.