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  • Exterior of the Federal Reserve building in Washington, D.C.
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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

  • Hand with a stack of hundred US dollars bills, close up
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    Vadym Petrochenko via Getty Images
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    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

  • Accountant using calculator.
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    Stock photo via Getty Images
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    Bill Holdings discloses ‘material weakness’

    Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”

  • People milling in front of an FIS conference booth
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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    Worldpay spin-off hands FIS mixed bag

    The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

  • Close-up of water glasses and portfolios on a long desk with a row of empty chairs.
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    Sophie_James via Getty Images
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    ACI boots chief technology officer

    ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

  • Several workers walking out of the front of PayPal offices
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    Justin Sullivan via Getty Images
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    PayPal considers Xoom sale: report

    The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
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    Global Payments execs hint at B2B acquisition

    Global Payments isn’t looking for more acquisitions — except in the B2B space, its outgoing CEO said.

    B2B
  • An image of Square's Franchise Platform, which rolled out May 2023.
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    Permission granted by Square
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    Square adds franchise platform

    Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.

  • credit cards
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    Joe Raedle via Getty Images
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    Card debt weighs on consumers

    First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

  • PayPal CEO Dan Schulman
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    Derek White via Getty Images
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    PayPal urged to accelerate CEO search

    The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

  • Catch cofounders Nico Perdomo and Denia Ebersole
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    Permission granted by Catch
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    Catch chases in-store opportunity

    Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

  • Money currency exchange business in Iraq.
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    Matt Cardy via Getty Images
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    Opinion

    How to advance cross-border B2B payments

    “Regional regulatory bodies must work together on common financial standards that support multilateral payment systems if we are to make progress,” writes one payments professional.

  • Revolut card with logo
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    Courtesy of Revolut Press Kit
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    Revolut CFO leaves digital bank for ‘personal reasons’

    The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

  • Calistoga, California, that’s vulnerable to high winds and fire could switch to power held in a long-duration energy storage system.
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    David McNew / Stringer via Getty Images
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    Discover pursues ESG goals

    The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

  • Miami Beach
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    Getty stock via Getty Images
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    Paysend charges into US market

    From a new U.S. headquarters in Miami, the British cross-border payments company is pitching services to U.S. businesses and consumers.

  • A photo of someone's hand using Amazon One palm-scanning technology to enter a store.
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    Courtesy of Amazon
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    Convenience chain adds Amazon palm pay

    Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

  • Person in white dress shirt using a calculator
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    Pexels/RODNAE Productions

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    Everee takes on EWA providers

    The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.

  • Max Levchin is the ceo of Affirm
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    Drew Angerer/Getty via Getty Images
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    Affirm, FICO to create BNPL credit-scoring model

    The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows
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    Marqeta to cut workforce by 15%

    The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

  • Grocery shoppers buying wine at a self-checkout station
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    Jovanmandic via Getty Images
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    What does the buy now, pay later boom mean for food retailers?

    As more shoppers turn to short-term loans to buy groceries, there may be a shift in how people think about paying for essential goods, experts say.

  • SVB
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    Chip Somodevilla via Getty Images
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    Senators call out banks on card late fees

    A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.

  • PayPal CEO Dan Schulman sitting and gesturing with his hand.
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    Eugene Gologursky via Getty Images
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    PayPal growth driven by Braintree

    PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.

  • Person on laptop and holding brown box
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    Phiromya Intawongpan via Getty Images
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    Payoneer hunts for acquisitions

    Payoneer is considering acquisitions that could extend product offerings or expand its footprint in emerging markets.

  • Person uses phone to handle financial transaction
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    Chainarong Prasertthai via Getty Images
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    Green Dot braces for profit margin pressure

    Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

  • Colorful medical pills cover Benjamin Franklin's face on one hundred american dollar bill.
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    Stock via Getty Images
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    Synchrony, Wells Fargo, Bread Financial lead medical credit card market: CFPB

    The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the agency said in a report.