The Latest
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Laurel Deppen/Payments Dive
Bank transfer fraud losses outpace crypto
The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.
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Retailers push payment modernization
A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.
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Lynne Marek/Payments Dive
Mastercard courts community banks
The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.
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andreswd via Getty Images
Payments players landed less capital in 2024: S&P report
Venture capitalists invested 47% fewer dollars, compared to 2023, despite most of the startups posting increased revenue last year.
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Scott Olson / Staff via Getty Images
Discover cards now accepted at Airwallex merchants
A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.
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Permission granted by Fiserv
Fiserv acquires Dutch payment company CCV
The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.
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Courtesy of Fleetcor, now known as Corpay
Corpay CAO steps up as CFO exits for nonprofit
Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.
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Permission granted by Walmart
Klarna seeks to flex advertising muscle
Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.
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skynesher via Getty Images
Fiserv, PayPal and FIS change up board members
Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.
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Chris McGrath via Getty Images
Affirm executive joins crypto firm Gemini as CFO
Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.
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Joe Raedle via Getty Images
Trump Organization lawsuit raises questions about Capital One-Discover deal
Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?
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Michael Smith/Newsmakers via Getty Images
ColumnStates may be called on to pick up payments regulatory slack
As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.
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Permission granted by Brex
Brex strives for predictability after operational overhaul
After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.
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Scott Olson via Getty Images
Northern Trust exec: Crypto rule changes may ease tokenization
Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.
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Noam Galai via Getty Images
Klarna whittled workforce via AI ahead of IPO
The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.
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Kaarin Vembar/Payments Dive
Klarna to displace Affirm as Walmart BNPL provider
The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.
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Anna Webber via Getty Images
Block takes on payday lenders with Cash App
The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.
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Michael A. McCoy / Stringer via Getty Images
Retail, crypto groups converge to back stablecoin legislation
The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.
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Courtesy of American Express
Payments firm ‘for sale’ signs pop up as buying interest swells
Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.
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Permission granted by PDI Technologies
Digital payments to exceed $33.5 trillion by 2030: report
Consumers are predicted to rely less on debit and credit cards and turn more to mobile wallets in the coming years, a Worldpay report predicts.
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JHVEPhoto via Getty Images
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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AndreyPopov via Getty Images
OpinionGen 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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I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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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Spencer Platt / Staff via Getty Images
Q&ACiti 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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Chor muang via Getty Images
Q&APathward 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.
