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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.

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.

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.

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.

Early 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

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

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."

Congress debates pros and cons of BNPL

Buy now-pay later users love the convenience but also are falling behind in their payments.

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.

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.

Fiserv loses big client identified as Stripe

The company told analysts on an earnings call that volumes were impacted by the exit of a "large processing client." Analysts identified that client as the mega-fintech Stripe.

Amex rolls out first-ever debit card

The card company is making the debit card available to small- and mid-sized businesses in connection with a new checking account offering.

Regulator previews coming crypto, stablecoin policy

Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

BNPL needs Visa to scale, CEO argues

Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.

Amex touts youthful spending

As the card company's marketing lures more cardholders, its executives are pleased to see new young customers outspending their elders.

Discover CEO plans payments push

Discover's Payments business could have a much bigger impact on the company's bottom line, according to analysts at William Blair.

Stripe and Klarna hook up

Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

Elavon eyes BNPL arena

Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

Valley Bank unveils payments app for cannabis businesses

Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

ACH payments rise to new record

ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.

PayPal douses reports of a Pinterest purchase

With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

Vast Bank's new offering lures "crypto curious"

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."

Klarna delivers BNPL to WIX sellers

The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.

Stripe agrees to buy Recko

The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

Goldman Sachs, AmEx debut corporate payments service

The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.