The Latest
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Discover Financial alum takes Wells Fargo IT role
A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.
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Sponsored by IXOPAY
Scaling payments for global growth: Why payment orchestration is the future
How global businesses are expanding their payment operations worldwide while optimizing for performance.
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Opinion
Gen Zers expect more of B2B payments
“For Gen Z, payments go beyond speed — they reflect values, transparency, and purpose,” writes one accounts receivable software CEO.
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Stablecoin company Mesh raises $82M
Some of the funding was settled using PayPal’s stablecoin and will be used to build a global platform to transfer stablecoins, the company said.
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Q&A
Citi pursues partnerships to elevate its pay-over-time tool
The bank doesn’t need partnerships for its credit card customers to access the financing service, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.
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Q&A
Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’
Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.
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How PayPal is bolstering its branded business
The payments pioneer is counting on merchant tech upgrades, its buy now, pay later offering and Venmo to re-energize its flagship business, a top executive said this week.
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Fiserv CEO transition took only 10 days, CFO says
CEO Frank Bisignano quickly deemed his successor, Mike Lyons, ready to lead the payment processor, but don’t expect any strategy shifts, Fiserv’s CFO said.
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Green Dot considers sale as CEO exits
The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.
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Intuit rolls out phone tap, recurring payments
The financial software company says it’s focused on devising new methods for small business owners to be paid faster.
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Amex to buy expense manager Center to bolster offerings
The deal will allow the banking and card network behemoth to expand its expense management and accounting functions for business travel.
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Papaya Global adds Citi as partner
The payroll and payments services provider that has been working with JPMorgan Chase now calls Citibank a sponsor as well.
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Digital asset use could buttress financial inclusion
While digital ledger technology could be used to reach unbanked or underbanked consumers, widespread adoption faces obstacles, a new report suggests.
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Q&A
Killing the CFPB would create a vacuum, former insider says
Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.
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Sezzle pitches coupon feature to consumers and merchants
The discounting function will allow merchants to increase their products' exposure, the company says.
Updated March 7, 2025 -
Fiserv investors count on next CEO’s well-rounded resume
The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.
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Senate votes to overturn CFPB big tech rule
The Senate backed a resolution to overturn a Consumer Financial Protection Bureau rule that gave the agency oversight of big tech companies offering payment tools.
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Online retailer Stitch Fix expands BNPL options
Stitch Fix is one of many retailers increasing buy now, pay later options. It added Affirm this week to a roster that also includes Klarna and Afterpay.
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Banks say court’s ‘novel’ ruling upends wire transfer business
The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.
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CFPB drops fraud suit against Zelle’s operator, big banks
The 2024 lawsuit alleging rampant fraud on the peer-to-peer payments service is the latest action the CFPB has dismissed under the Trump administration.
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Checkout.com opens San Francisco office
The British digital payments company is expanding its U.S. presence after seeing revenue surge last year.
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Zip targets BNPL services at everyday purchases
New partnerships focused on common consumer transactions recently allowed the Australian buy now, pay later company to boost revenue in the U.S. market.
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PAR Technology fuels software strategy with acquisitions
The company has pivoted to a software strategy, by buying up other companies and building on its point-of-sale hardware beginnings.
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Trump names coins in strategic crypto reserve
Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.
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Visa lays out blueprint for global growth
As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.
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Q&A
Fiserv exec talks real-time payments and challenges
Matt Wilcox, president of digital payments solutions for Fiserv, discussed the company’s plans for making real-time payments ubiquitous, and the hurdles to reaching that goal.