Global Payments eyes cost cuts

The payments processor sharpens its focus on how to squeeze $600 million in “cost synergies” from its $24 billion purchase of Worldpay.

Expensify predicts brand boom from Brad Pitt F1 film

The travel-and-expense manager is the top sponsor of Pitt’s fictional race team and says it expects a wave of new leads from Apple’s summer drama.

Banks must accelerate ISO 20022 prep

“While larger banks have made considerable progress in preparing for this transition, smaller regional banks and credit unions are largely lagging,” writes one IT executive.

AvidXchange swallowed in $2B deal

The accounts payable software firm agreed to be taken private in an acquisition by investment company TPG and card processor Corpay.

Mastercard faces cross-border headwinds

The credit card network reported a first-quarter slowdown in the growth of international travel, a potential warning sign amid economic uncertainty.

Apple faces new payments lawsuit

A basketball training company is suing the tech titan, which it claims unfairly collected money from potentially more than 100,000 app developers.

CFPB spurns BNPL rule

The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice.

Indiana passes EWA law

The state follows others, including Nevada and Wisconsin, in instituting licensing requirements for earned wage access providers.

Fiserv names Michael Lyons CEO

The company disclosed the promotion minutes after the U.S. Senate voted to confirm outgoing CEO Frank Bisignano as commissioner of the Social Security Administration.

Visa pursues stablecoins for cross-border payments

The biggest U.S. card network is setting up partnerships and innovating behind the scenes to develop stablecoins for cross-border uses.

Senate to vote on Fiserv CEO for SSA post

The Senate Finance Committee chair urged colleagues to support Frank Bisignano to become head of the Social Security Administration when they vote on his nomination this week.

Warren, Waters urge Fed to reconsider Capital One-Discover

The Democratic lawmakers blasted the central bank’s “analysis, or lack thereof,” arguing the Fed “parroted assertions made by Capital One.”

Shift4 turns to restaurants for future growth

The payment processor has signed thousands of restaurants in Europe and expects to delve deeper into that business.

Zelle service glitch tied to Fiserv resolved

The P2P payments experienced technical troubles Friday as Fiserv cited an "internal issue" that disrupted its service.

Updated May 5, 2025

Apple violated app payments injunction, judge rules

The tech giant schemed to limit competition and protect its payment revenues from app developers despite the court’s 2021 order, a federal judge said.

Green Dot, Crypto.com partner for banking services

Crypto.com has collaborated with other mainstream financial firms like Visa and FIS to offer its digital currency customers more services. 

Walmart drives toward instant payments

The mega retailer is eager to use more real-time payments as it speeds up digital services for cost-conscious customers.

Visa sees economic uncertainty starting to curb travel spending

As consumers brace for the potential impacts of Trump’s tariffs, they’re cutting back on hotel stays and airline travel, Visa executives said.

Mastercard invests $300M in Corpay unit

The card network invested in the cross-border business of its corporate payments partner as the companies agreed to expand their partnership.

Executive Shuffle: JPMorgan, Mastercard and PayZen

Payments and fintech companies are targeting growth, often by harnessing technology, with their recent executive appointments.

PayPal targets European branded service growth

The payments pioneer plans to expand its omnichannel payments strategy in Germany and the U.K., its biggest European markets.

Updated May 1, 2025

Paze aims to pump up the volume with Fiserv

The digital wallet owned by seven banks has loaded 150 million customer cards onto the system. Now, it’s working with its processor ally to add more banks.

Toast, Clover fight for restaurant customers

The fledgling fintechs have gobbled up a significant share of the U.S. restaurant point-of-sale market, but they’ll increasingly be battling industry heavyweights.

Fiserv ventures into high-end restaurants

The payment processing giant’s point-of-sale platform Clover will begin catering to upscale dining establishments next month.