Page 3

  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
    Image attribution tooltip
    Permission granted by Fiserv

    Fiserv discloses 7% drop in workforce

    As the company cut 3,000 employees, Fiserv’s employee termination costs nearly doubled to $187 million in 2022.

  • An employee uses Square point of sale hardware
    Image attribution tooltip
    Courtesy of Square

    Square raises prices

    The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

  • Image attribution tooltip
    Courtesy of Mastercard

    Mastercard embraces nationalism

    The card company isn’t shying away from countries in which the governments are taking a more insular approach to building their payments systems.

  • Image attribution tooltip
    Courtesy of Shift4

    Shift4 adds PayPal’s checkout tools

    Shift4 will promote the digital payments giant’s checkout capabilities to merchants and receive a share of revenue for any PayPal checkout.

  • Supreme Court Allows Texas Six Week Abortion Ban To Stand
    Image attribution tooltip
    Kevin Dietsch / Staff via Getty Images

    CFPB’s fate at stake in Supreme Court case

    The high court’s decision could set a precedent for future actions, challenging everything the CFPB has done, said Scott Pearson, a partner in Manatt's consumer financial services practice.

  • Three iPhones grouped together. On the left is products of shoes, the middle shows a woman putting on lip liner, and the right shows a screen full of data insights.
    Image attribution tooltip
    Courtesy of Klarna

    Klarna’s growth comes at a cost

    The buy now, pay later pioneer kept up growth despite employee cuts last year. The credit loss rate edged up too.

  • Sezzle ekes out a profit

    The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

  • Close shot of the U.S. Capitol dome against the bright blue sky.
    Image attribution tooltip
    Brendan Hoffman via Getty Images

    Battle over expected Durbin bill ensues

    A credit union trade group railed against expected credit card processing legislation aimed at Visa and Mastercard before a bill has even been introduced in Congress this year.

  • cryptocurrency graphic
    Image attribution tooltip
    Dan Kitwood via Getty Images

    Transparency key to crypto’s next phase: Circle CFO

    USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

  • Remitly's digital bank Passbook targets immigrants.
    Image attribution tooltip
    Permission granted by Remitly

    Remitly to shutter digital banking platform Passbook

    The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.

  • Business person handles accounting
    Image attribution tooltip
    shih-wei via Getty Images

    Paymentus bets on office return boost

    New business bookings and onboarding of signed clients have both picked up steam as workers return to offices, said Paymentus CEO Dushyant Sharma.

  • Image attribution tooltip
    Joe Raedle via Getty Images

    Block boosts Ahuja’s responsibilities

    Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

  • Green Dot GO2bank
    Image attribution tooltip
    Courtesy of Green Dot

    Green Dot juggles customer changes

    The banking-as-a-service company posted profits in the final quarter of last year even as it recovered from the loss of clients.

  • GoDaddy banner hangs outside of the New York Stock Exchange
    Image attribution tooltip
    Spencer Platt via Getty Images

    GoDaddy launches payable domain service

    GoDaddy now offers its business owner clients a digital payment tool that is customizable to their company branding.

  • The Federal Reserve building is seen January 22, 2008 in Washington, DC.
    Image attribution tooltip
    Chip Somodevilla via Getty Images

    FedNow aims to avoid Zelle-type fraud

    As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

  • Discover Financial CEO Roger Hochschild
    Image attribution tooltip
    Permission granted by Discover

    Discover debit reboot gets marketing assist

    The card company is betting its soon-to-be relaunched debit account services will help it better compete with fintech and neobank rivals.

  • A person uses Square point of sale hardware
    Image attribution tooltip
    Courtesy of Square

    Square chases bigger merchants

    Block-owned Square made its name catering to owners of small businesses, but the company is now setting its sights on bigger clients for growth.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
    Image attribution tooltip
    Viorika via Getty Images

    Same-day, B2B payments fuel ACH growth

    Last year’s same-day ACH limit increase helped nearly double that category’s total payment compared to 2021, Nacha said.

  • A$AP Rocky and Klarna team up for global campaign
    Image attribution tooltip
    Courtesy of Klarna

    Klarna touts US as largest market

    The Swedish buy now, pay later provider aims to keep growing in the U.S. with new services despite the intense competition.

  • Entrance to CFPB building
    Image attribution tooltip
    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB warns card issuers on credit reports

    The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

  • Interior of Discover Financial Services customer care center building
    Image attribution tooltip
    Courtesy of Discover Financial Services

    Discover launches tech website

    The card company joined the Linux Foundation and Fintech Open Source Foundation as part of a broader investment into its developer ecosphere.

  • Window with sticker showing logos for Visa, Mastercard and American Express.
    Image attribution tooltip
    Scott Olson via Getty Images

    Credit card debt surpasses pre-pandemic levels: Fed

    Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.

  • Branch card is used
    Image attribution tooltip
    Courtesy of Branch

    Branch draws Uber, others into fold

    After landing Uber as a client, the worker payment services company has recently attracted other logistics and delivery clients with help from that big name.

  • Rifle on counter at gun store with hands of two people showing an apparent transaction.
    Image attribution tooltip
    Scott Olson via Getty Images

    Discover to implement gun code in April: report

    The newly published code will be part of Discover’s policy and product update for merchants and payment partners in April, a spokesperson told Reuters.

  • Corporate head shot of man in suit.
    Image attribution tooltip
    Permission granted by Visa

    Visa CFO to exit

    Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.