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  • Wex CEO and chair Melissa Smith
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    Permission granted by Wex
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    Profile

    Wex CEO taps endurance to lead

    Melissa Smith has led the payments software and services company for nearly a decade, navigating once-in-a-lifetime events and spearheading an aggressive acquisition strategy.

  • Two people looking at a digital tablet behind a bar
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    LumiNola via Getty Images
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    Small business card debt has risen: Bank of America

    Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

  • Alex Chriss, PayPal's next CEO
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    Permission granted by PayPal
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    PayPal’s new CEO builds team

    Alex Chriss, PayPal's chief executive officer, is lining up outsiders as managers as he seeks to drive profitable growth at the digital payments behemoth.

  • Shift4 CEO Jared Isaacman
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    Courtesy of Shift4. Shift4 CEO Jared Isaacman
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    Shift4 CEO entertains acquisition interest

    CEO Jared Isaacman said the payment processing company is fielding acquisition interest from “several parties.”

  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    Affirm adds account to bolster card

    The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said. 

  • A woman making a purchase at a store using her cell phone to pay.
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    svetikd via Getty Images
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    Q&A

    Forter executive offers 2024 payments predictions

    The new instant payment rail FedNow is set for a “roller coaster” next year, according to Forter Head of Financial Partnerships Jeff Hallenbeck.

  • Businesswoman shaking hands with client and smiling cheerfully in a meeting room.
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    LaylaBird via Getty Images
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    ADP, Convera partner on payroll, payments

    The two companies have collaborated to integrate Convera’s payments services into ADP’s payroll software.

  • Paper personal earnings statement lays on desk next to pen and calculator.
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    GaryPhoto via Getty Images
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    DailyPay wage payments delayed due to Friday snafu

    The early wage access company didn’t immediately make some payments to workers because of a snag related to the Veterans Day holiday.

  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    The Clearing House nabs top Fed official

    The new hire is tasked with boosting adoption of The Clearing House’s RTP real-time payments system, as the new rival Federal Reserve FedNow system seeks to attract clients.

  • A person pays in a restaurant
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    Creative via Getty Images
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    Lightspeed aims to fend off rivals on international stage

    Competing restaurant point-of-sale players have set their sights on international growth, but they’re likely to find the European market tougher than the U.S. market, Lightspeed’s CEO said.

  • Buy now pay later
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    Khaosai Wongnatthakan via Getty Images
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    BNPL companies face grim outlook, Moody’s says

    Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

  • European Union flags are pictured outside the European Commission building. The flags are blue with a circle of yellow stars.
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    Carl Court via Getty Images
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    EU digital identity wallet to stir paytech market

    The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

  • Meta Amazon example
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    Retrieved from Maurice Rahmey/Threads on November 11, 2023
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    Column

    Sociable: Meta inks deal with Amazon to facilitate Facebook, Instagram shopping

    The new deal will enable Amazon merchants to connect with Facebook and Instagram users.

  • People ride bikes on Stanford University's campus
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    Justin Sullivan / Staff via Getty Images
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    Flywire scoops up Australian firm

    The $38.8 million acquisition of StudyLink will expand Flywire’s presence in the Australian higher education market, the company said.

  • A photo of a person using a Bitcoin Depot bitcoin ATM.
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    Permission granted by Bitcoin Depot
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    Bitcoin Depot CEO weighs in on new California law

    Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS forms board committee to review litigant demands

    Fidelity National Information Services disclosed that its board has formed a committee and hired an independent counsel to review demands tied to a stockholder lawsuit.

  • Affirm CEO Max Levchin
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    Kevin Dietsch / Staff via Getty Images
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    Affirm CEO welcomes CFPB oversight

    Consumer Financial Protection Bureau supervision “levels the playing field” in buy now, pay later, Affirm’s CEO Max Levchin said Wednesday.

  • Diagram of FedNow payments
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    Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
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    Jack Henry lands more FedNow clients

    Jack Henry & Associates recorded an increase in the number of customers connected to the new Federal Reserve instant payments system, but they’re all in receive-only mode.

  • Federal Trade Commission
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    FTC, Florida reach $150,000 settlement with Chargebacks911

    The Federal Trade Commision and Florida had sued the company for using deceptive tactics to prevent consumers from disputing credit card charges.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB proposes new oversight for payment tech firms

    Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

  • A young woman holding a credit card with a laptop on her legs looking stressed.
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    fizkes via Getty Images
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    Millennial credit card delinquencies rise: New York Fed

    Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5% in Q3 2019, according to a report from the Federal Reserve Bank of New York.

  • Toast point of sale hardware is shown
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    Courtesy of Toast Media Kit
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    Toast’s growth slows

    The restaurant fintech noticed “a modest slowdown” in same-store sales in the latter half of the third quarter that continued into October, the company’s CFO said Tuesday.

  • A sign with the 'Citi' logo
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    Mario Tama via Getty Images
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    Citi fined $25.9M over alleged discrimination

    The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS readies finances for Worldpay separation

    Fidelity National Information Services took an accounting hit against its third-quarter results as it prepares to cast off its Worldpay unit early next year.

  • Person pays via mobile phone
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    Creative via Getty Images
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    Q&A

    Micropayments poised to surge: Forrester

    In the U.S., bank-based payments need to gain steam before micropayments can truly take off, but there are increasing signs that’s on track, said Forrester analyst Lily Varón.