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    Justin Sullivan via Getty Images

    Andreessen Horowitz poaches Facebook digital wallet execs

    Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

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    Dan Kitwood/Getty Images News via Getty Images

    Half of CFOs plan to assess digital currencies for business: Gartner

    “Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.

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    Cross-border payments competition heats up

    Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

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    Mark Wilson via Getty Images

    Paytech firms outside US gain ground

    Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

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    Fotolia

    Payment tech lifts construction venture funding

    New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

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    Target

    Affirm, Sezzle buy now-pay later options arrive at Target

    As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

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    Green Dot

    Green Dot sued after ditching $165M deal

    The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

  • Spat erupts over postal banking pilot

    Bank and trade groups derided the US Postal Service's new limited pilot program for financial services, but advocates say it could provide needed services for unbanked consumers and buttress USPS's operations.

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    Retrieved from Flickr/RikkisRefuge.

    Rich payment startups target B2B market

    Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

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    Retrieved from Flickr/frankieleon.

    Card critics call for credit routing scrutiny

    One merchant group has opened up a new front in the battle against Visa and Mastercard, calling for more federal antitrust scrutiny of credit card routing.

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    Eduardo Munoz Alvarez via Getty Images

    Fiserv to create New Jersey corporate tech hub

    The Wisconsin-based payments giant will invest $105 million in the new Berkeley Heights corporate campus where it expects to employ about 3,000 workers.

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    Courtesy of Square

    Square, TikTok tie-up will deliver fans to sellers

    As part of the new partnership, TikTok users will be able to link to Square sellers' sites by clicking on videos and ads.

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    Courtesy of Mastercard

    Mastercard to launch new BNPL service

    Mastercard is teaming with some of the biggest companies in payments, including FIS, Synchrony, Barclays and Marqeta, to launch a new buy now-pay later service next year.

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    Courtesy of PayPal

    PayPal's Happy Returns partners with Staples

    With the latest agreement in a series of retailer ties, 75% of Americans will reside within 10 miles of a Happy Returns location.

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    Justin Sullivan via Getty Images

    Visa to add big new office in Atlanta

    The card behemoth said some of its top executives will move to the new Atlanta office, set to open next year and eventually host 1,000 employees.

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    Chip Somodevilla via Getty Images
    Column

    Don't hold your breath for a US CBDC

    Given the vast spectrum of American payment choices and slower U.S. digital advances, any central bank digital currency may be a long time coming. 

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    Noam Galai via Getty Images
    Column

    PayPal, Robinhood play business-model musical chairs

    PayPal is trying out a high-yield savings like Goldman Sach's Marcus and Robinhood is following Coinbase's lead on crypto wallets.

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    Unsplash / Tech Daily

    Square, PayPal mobile wallets attract funds

    The payment companies have seen significant increases in the total amount of money stored on their mobile wallets, but individual accounts still hold relatively small sums.

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    Courtesy of Toast Inc.

    Toast raises $870M in IPO

    Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.

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    Drew Angerer via Getty Images

    Fed won't go it alone on CBDC

    At a press conference Wednesday, Federal Reserve Chairman Jerome Powell emphasized the need for the Fed to work with Congress and the Biden Administration in moving ahead on any cental bank digital currency.

  • Mastercard Executive Chairman to exit

    Mastercard's long-time leader Ajay Banga will retire at the end of the year, leaving the card company in the hands of new CEO Michael Miebach.

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    Chip Somodevilla via Getty Images

    Treasury sanctions crypto exchange Suex to thwart ransomware

    While more legal measures await international cybercrime, the U.S. government is sending interim messages to ransomware gangs.

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    Retrieved from Clarissa Eyu on September 21, 2021

    Airwallex raises $200M, targets US expansion

    The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.

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    Permission granted by Shipt

    Visa taps Shipt for delivery offer

    Target-owned Shipt is one of three new partners that card behemoth Visa lined up in a bid to offer new customer benefits.

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    Courtesy of Adyen

    Payment industry racks up two more deals

    The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.

    Updated Sept. 20, 2021