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.

Square raises prices

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

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.

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.

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.

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.

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.

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 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.

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.

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 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 launches payable domain service

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

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 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.

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.

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.

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.

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.

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.

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 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.

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.

Visa CFO to exit

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