The Latest
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Biden to nominate Powell as Fed chair
Lael Brainard, Powell's chief rival for the role, will be nominated as vice chair. Biden intends to announce nominees for three open Fed slots in early December, the White House said Monday.
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Stripe CFO Suryadevara draws on challenges as GM CFO
Suryadevara has ventured into unfamiliar business terrain before, becoming GM treasurer with little prior knowledge of the role.
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Courtesy of Amazon
Will Amazon's war of words with Visa backfire?
Consumers may not tolerate fewer payment options from Amazon, an analyst says. Still, Amazon may be willing to risk angering customers as it pressures Visa and other payment providers to reduce their transaction costs.
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Sift acquires Keyless, adds $25M in funding
The fraud prevention company plans to use $75 million in new funding this year to hire more employees across engineering, sales and product positions.
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Permission granted by U.S. Bank
U.S. Bank to buy payments fintech TravelBank
After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.
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Oli Scarff via Getty Images
Amazon takes battle against Visa to UK
The move by the e-commerce behemoth Amazon to reject U.K. Visa cards is putting pressure on Visa to lower card transaction fees worldwide.
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Courtesy of Mastercard
Mastercard expects holiday sales to be jolly for merchants
Finding a deal this holiday season will be a challenge for consumers as retailers grapple with shortages, Mastercard says.
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Mark Wilson via Getty Images
Podium raises $201 million, eyes expansion
After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.
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Courtesy of Toast Inc.
After much hyped IPO, Toast scales back financial disclosures
Wall Street analyst raises questions about the company's financial disclosures.
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Retrieved from Flickr/RikkisRefuge.
"The check is not dead," Deluxe CEO says
The long-time check printing company still relies on that business for a third of its business, but it's creating a host of other services, mainly for small and mid-sized companies, CEO Barry McCarthy says.
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Tero Vesalainen via Getty Images
CFOs opt for digital payments during pandemic
Digital payments have grown in popularity because of their role in helping ensure a healthy balance sheet, a survey of some 400 CFOs revealed.
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Courtesy of Mastercard
Mastercard plans payments push
The company expects payments to grow at a faster rate than its core card business.
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Dan Kitwood/Getty Images News via Getty Images
Deep DiveCrypto creeps into the checkout line
Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.
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Courtesy of website
Affirm reports better outlook, sidesteps Peloton question
The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.
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Matt Cardy via Getty Images
OpinionPayments trade group rebuts retailers
The Electronic Payments Coalition says it wants to set the record straight: "Expanding the Durbin Amendment would be a disaster for consumers and small businesses."
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Sean Gallup via Getty Images
Amazon will accept Venmo next year
"Pay with Venmo is one of the key revenue drivers for Venmo going forward," PayPal CEO Dan Schulman said.
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Chopra screen grab/Payments Dive, data from Screen grab
CFPB's hard line with payments industry may be a hint of things to come
Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.
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Chip Somodevilla via Getty Images
Toomey cautions against proposal to regulate stablecoin issuers as banks
"I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.
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Alex Wong via Getty Images
Payments heads toward record venture funding year: CB Insights
Payments startups are sopping up what's likely to be a record amount of venture capital this year, as the industry collects money that's transforming the financial sphere.
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Courtesy of Walmart Press Kit
Deep DiveEarly wage payments draw scrutiny
Companies that offer earned wage access, aka on-demand pay, have proliferated in the U.S. Now, legislators and regulators are targeting the industry for more oversight.
Updated Nov. 4, 2021 -
Al Bello via Getty Images
Moneygram versus Western Union competition rises at Walmart
Moneygram executives blamed competition with Western Union for a drop in revenue from its walk-in money transfer business at Walmart stores.
Updated Nov. 4, 2021 -
Chip Somodevilla via Getty Images
Regulators eye bank-like oversight for stablecoin issuers
Stablecoins can support beneficial payments options, Treasury Secretary Janet Yellen said, "but the absence of appropriate oversight presents risks to users and the broader system."
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Courtesy of Tricia Harte
Congress debates pros and cons of BNPL
Buy now-pay later users love the convenience but also are falling behind in their payments.
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clikced it myself - Vaidik Trivedi
Payments tech to draw $40B next year: Forrester
The research firm's 2022 outlook also anticipates IPOs for major payments players as well as increased use of digital wallets and QR codes.
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Permission granted by First Internet Bank
First Internet Bank to expand into payments with $80M First Century purchase
First Internet CEO David Becker said First Century’s payments business will be a key source of revenue going forward.
