The Latest

  • A woman uses her palm to show credentials for an access control point.
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    Courtesy of Amazon Web Services
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    Amazon rolls out palm-based identity service for businesses

    The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.

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

    PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

  • Person with finger on a phone perusing consumer goods
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    oatawa via Getty Images
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    BNPL bolsters holiday weekend spending

    The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

  • Appl
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    Eric Thayer via Getty Images
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    Apple seeks to end Goldman Sachs credit-card partnership: reports

    The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

  • Klarna payments.
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    Courtesy of Klarna
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    Black Friday orders through Klarna jump nearly 30%

    As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.

  • People pay the vet bill for their pet's health service
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    Creative via Getty Images
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    Synchrony to sell pet insurance subsidiary for $750M gain

    As part of the sale, Synchrony will also acquire an equity interest in Independence Pet Holdings.

  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
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    Spencer Platt via Getty Images
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    Chase credit card snafu trips up Black Friday shoppers

    The biggest bank in the U.S. erroneously declined some credit card users’ purchases on Black Friday, the busiest shopping day of the year.

  • A woman is ordering food off of a self-service kiosk.
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    frantic00 via Getty Images
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    Why quick service restaurants are doubling down on kiosks

    Burger King, Taco Bell and Shake Shack are among the chains adding this technology to boost tabs and reduce labor pressure.

  • A worker keys information into a point of sale screen
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    Creative via Getty Images
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    NCR Voyix sells payments assets for $82M

    The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.

  • A photo of a grabango checkout kiosk being used by a shopper.
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    Permission granted by Grabango
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    How convenience industry leaders see the future of the store experience

    Staffed checkout registers are losing importance, and industry executives are eyeing mobile-based, scan-and-go technology, according to a recent survey.

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    Roy Rochlin via Getty Images
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    Credit card bill battle may slide into 2024

    Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.

  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    Visa proposes new plan for covering litigation liability

    The card network’s board approved pursuing a shareholder vote on a new approach to covering potentially more than $35 billion in outstanding merchant claims against the company.

  • Businesswoman checks online invoice
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    AndreyPopov via Getty Images
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    Bill beats back Melio speculation

    Payments software company Bill isn’t in the market for “transformational” M&A and is more likely to pursue “tuck-in technology” type purchases, President John Rettig said on Friday.

  • A headshot of a man in a blue button-down shirt against a purple background
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    Permission granted by Plaid
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    Plaid poaches Adyen executive for European expansion

    Brian Dammeir sees opportunities for Plaid’s payments business to grow in Europe, particularly in account-to-account payments, he said in a Wednesday interview.

  • Chinese shopping mall
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    Kevin Frayer via Getty Images
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    Will China be a boon or bust for card networks?

    U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

  • A person pays in a restaurant
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    Creative via Getty Images
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    Digital payments have increased restaurant tips. But is it backfiring?

    Some diners feel pressured by tipping digitally in front of employees, which can hurt restaurant traffic, but experts say there are best practices that can ease customer trepidation.  

  • Two hands holding credit cards.
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    Joe Raedle via Getty Images
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    Credit card demand remains robust, rejections rise: New York Fed

    As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

  • A large screen depicting the game Fortnite on a mobile phone. Standing below the screen in a a man in a purple shirt.
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    Tim Sweeney via Getty Images
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    Antitrust pressure may squeeze Google, Apple in-app fees

    “Apple and Google Play app store fees will be significantly lower in the medium future,” Drake Star Partner Michael Metzger predicted.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Wise CFO credits customer growth for profit jump

    The fintech’s nearly fourfold jump in profits comes as its chief financial officer is preparing to depart after an eight-year tenure.  

  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Mastercard joint venture approved for China card processing

    The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.

  • Federal Reserve Board Vice Chair for Supervision Michael S. Barr with hand to ear as if trying to listen.
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    Win McNamee via Getty Images
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    5 takeaways from Michael Barr’s remarks at The Clearing House conference

    The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Q&A

    BNPL regulation could contribute to consolidation: Moody’s analysts

    Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

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    Bruce Bennett via Getty Images
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    Stripe, Alaska Airlines to offer in-flight contactless payments

    Payments company Stripe said it’s the first time that an airline will use Apple’s contactless payments feature across an entire fleet.

  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv doubles down on Clover growth

    CEO Frank Bisignano is betting on accelerated growth of Clover’s small business point-of-sale services, even as he admitted to being “paranoid” in the highly competitive market.

  • Man leans over laptop with head in hand looking at credit card.
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    Butsaya via Getty Images
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    Visa warns consumers about holiday fraud

    Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.