The Latest

  • Plaid cuts 260 employees

    The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

  • Circle co-founder and CEO Jeremy Allaire, headshot
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    Permission granted by Circle

    Circle’s $9B SPAC deal falls apart

    The stablecoin issuer and the blank-check company that had hoped to take it public terminated their agreement over the wait for SEC approval.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

    Fiserv stands by profit margin expansion target

    The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images

    Visa CEO’s pay dipped to $28M this year

    The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.

  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images

    FTX fallout spurs regulatory fears

    Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.

  • Cloud Network Solution digital background. Cyber Security and Cloud Technology Concept
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    da-kuk via Getty Images

    TIB taps Jack Henry for tech refresh

    As it aims to compete with bigger financial institutions, the bank TIB picked Jack Henry to provide it with a technology infrastructure upgrade. 

  • Amazon's biometric Amazon One payment technology
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    Courtesy of Amazon

    First US non-Amazon-owned grocer to use palm-scanning tech

    The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.

  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
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    Maks_Lab via Getty Images

    Shift4 buys European payments provider for $126M

    The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

  • Man stands in front of full vending machine
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    Permission granted by Jenifer Howard

    Cantaloupe pays $41M to acquire Three Square Market

    With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.

  • Panel blasts fintechs for missing PPP fraud

    Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday.

  • Woman online shopping on smart phone.
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    Oatawa via Getty Images

    Affirm mulls consumer, merchant fee increases

    The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

  • American Express sticker on a window
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    Justin Sullivan via Getty Images

    Amex debuts B2B payments system

    The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

  • bank of america flag waving in Charlotte
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    Davis Turner/Stringer via Getty Images

    Credit card delinquencies, charge-offs climb

    Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

  • A person holds a mobile phone with a screen that has a vest on it.
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    Anchiy via Getty Images

    Harvard researchers flag BNPL risks

    The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

  • An image from NFL Zone featuring Visa branding.
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    Courtesy of NFL

    NFL expands Fortnite presence with Visa

    The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators. 

  • Amazon Go
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    Retrieved from Amazon press page.

    Amazon adds store with Just Walk Out tech

    The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.

  • Person laying back on a couch with a computer and a credit card shopping.
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    pixdeluxe via Getty Images

    Struggling consumers turned to financing for holiday shopping: report

    Buy now-pay later providers saw increased use during Black Friday, but credit and debit were the top payment methods for online orders.

  • Woman paying at boutique.
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    bymuratdeniz via Getty Images

    FIS, Fiserv could benefit from credit legislation

    Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

  • Person shops online with a Christmas tree in the background.
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    NoSystem images via Getty Images

    ACI charts 15% rise in holiday e-commerce

    The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images

    Visa growth tapers in October, November

    The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

  • Shoppers pass stores on Black Friday.
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    Jessica McGowan / Stringer via Getty Images

    Afterpay BNPL transactions climb

    Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

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    Justin Sullivan / Staff via Getty Images

    Banks discuss refund rule for customers defrauded on Zelle: report

    Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.

  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv

    NJ official: No reason to doubt Fiserv job growth plan

    Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.

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

    PayPal counts on its digital app for gains

    The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

  • A handful of people using the escalator at an indoor mall
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    Kena Betancur / Stringer via Getty Images

    Winners, losers on Black Friday

    With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.