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  • A consumer pays by tapping the phone to a point-of-sale device.
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    Chainarong Prasertthai via Getty Images

    Block offers Apple tap-to-pay for merchants

    Block wants to attract more business clientele as fintech firms experience economic volatility. Offering tap-to-pay on the iPhone advances that goal.

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    clikced it myself - Vaidik Trivedi

    Economic pressures stress payment fintechs

    PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing.

  • Stripe
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    Courtesy of Stripe

    Stripe's legal ops chief aims to curb spending

    The digital payments company’s legal team hopes to introduce more alternative fee structures to help gain more balance in outside law firm costs. 

  • Klarna payments.
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    Courtesy of Klarna

    Klarna taps Marqeta for card

    The partnership comes as buy now-pay later providers seek to expand their customer bases amid market volatility and regulatory pressure.

  • Making a card payment
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    PeopleImages via Getty Images

    NMI aims to equip banks with modern payments tech

    As banks try to fend off competition from fintechs in merchant acquiring and processing, payments gateway NMI aims to capitalize by offering to bolster their services.

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    Brandon Bell via Getty Images

    BNPL extends to gas, groceries

    Buy now-pay later providers have made their financing services more available for everyday purchases, offering consumers a tool to deal with inflation.

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    Justin Sullivan via Getty Images
    Opinion

    Visa's CEO braces for legislation

    Visa CEO Al Kelly said Sen. Dick Durbin is contemplating new legislation that would impose more pricing restrictions on the card industry. Kelly didn't elaborate and Durbin has been mum.

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

    Cross-border payments change as they rise: report

    Consumers and businesses are more frequently using digital means to send payments around the world, according to Mastercard's second annual report on cross-border payments.

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    Chris Hondros via Getty Images

    JPMorgan hires exec from PayPal to head fintech partnerships

    Peggy Mangot joined the bank this month to lead a team responsible for designing and developing fintech partnership strategy at JPMorgan Chase's commercial bank.

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    hapabapa via Getty Images

    Adyen targets North America for growth

    Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

  • Exterior of Dollar General store in York, Pennsylvania
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    Sam Silverstein/Payments Dive

    Dollar General piloting self-checkout-only stores

    The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

  • Image attribution tooltip
    Alex Wong via Getty Images

    CBDC, stablecoins, commercial bank money can coexist, Brainard says

    The Federal Reserve vice chair, at a House Financial Services Committee hearing Thursday, also called for stricter regulation in the stablecoin space.

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    David McNew / Stringer via Getty Images

    Mastercard touts ESG strategy

    Pursuing environmental, social and governance goals offers advantages in forging customer relationships and luring talent amid a tight labor market, a Mastercard executive said. 

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    Joe Raedle via Getty Images

    Chip shortage drives up card costs

    Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

  • Cryptocurrency
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    da-kuk via Getty Images

    Crypto ad spend plummets as market crashes

    The cryptocurrency market downturn has led marketing spend in this sector to plunge, especially after unprecedented highs seen during Super Bowl LVI.

  • White female doctor doing a medical examination on a black female patient
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    mixetto via Getty Images

    Weave teams with Sunbit for healthcare BNPL

    With Sunbit, Weave can now add BNPL to its other services that help small businesses collect customers’ payments, including text to pay, digital wallets, wireless terminals and credit-card on file.

  • Consumer Financial Protection Bureau
    Image attribution tooltip
    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB recasts innovation office to emphasize competition

    The bureau walked back its no-action letter and sandbox policies in favor of "incubation events" meant to troubleshoot barriers to innovation and help customers switch providers more easily.

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    Mark Wilson via Getty Images

    CBDC poses threat to banks, trade groups tell Fed

    A U.S. digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter.

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    clikced it myself - Vaidik Trivedi

    Lower-income app users seek savings options

    Low- and moderate-income households in the U.S. say they want savings products in their digital payment apps, a survey by the nonprofit Commonwealth revealed.

  • Buy now pay later
    Image attribution tooltip
    Khaosai Wongnatthakan via Getty Images
    Opinion

    CEOs Sound Off: BNPL takes aim at healthcare, legal costs

    Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.

  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen

    Klarna revamps operations, cuts 700 employees

    Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.

  • Watches on golfers from luxury retailer Tag Heuer
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    Courtesy of Tag Heuer

    Tag Heuer accepts crypto as payment

    CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.

  • Accounts payable and receivable
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    champpixs via Getty Images

    Billtrust to stay on acquisition streak

    Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.

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    Ian Waldie via Getty Images

    Big tech pushes passwordless for payments

    Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.

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    Ethan Miller via Getty Images

    Albertsons expands smart cart pilot

    The carts act like self-checkout machines, with the computer vision system and barcode-scanner logging the products a customer tosses into the cart.

    Updated May 20, 2022