The Latest

  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe

    Stripe CFO exiting to handle ‘family matters’

    Dhivya Suryadevara will leave the digital payments startup in April, as Stripe executives weigh taking the company public.

  • Making a card payment
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    PeopleImages via Getty Images

    Merchants frustrated with fees, tech issues

    Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.

  • A group of executives meet
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    fizkes via Getty Images

    Payments firms make C-suite changes

    In addition to new CEO appointments at Visa and Marqeta, payments companies Paysend, AvidXchange, TreviPay and LeafLink recently installed new executives.

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    Permission granted by David Whitehead - Checkout.com

    Checkout.com changes up leadership

    The company promoted Céline Dufétel to president and elevated Nirupam Sinha to CFO as it pursues U.S. expansion and battles Stripe.

  • Stephanie Ferris head shot
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    Courtesy of FIS

    FIS sheds 2,600 employees: report

    Amid a strategic review of operations, the payments processor and fintech giant has dismissed 2,600 workers, Bloomberg reported.

  • standard ai
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    Permission granted by Standard AI

    Standard AI to acquire Skip Checkout

    The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.

  • Affirm and Amazon
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    Courtesy of Affirm

    Is Affirm out as Amazon’s sole BNPL provider?

    An exclusivity provision between the two companies has lapsed as the buy now, pay later arena becomes more competitive.

  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images

    CFPB attacks credit card late fees

    The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    B4LLS via Getty Images

    Zip pauses acquisitions

    The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

  • PayPal CEO Dan Schulman walking in front of trees
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    Drew Angerer via Getty Images

    PayPal to cut 7% of its workforce

    The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows

    Marqeta’s new CEO targets embedded finance

    Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

  • Cloud computing image
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    Just_Super via Getty Images

    Jack Henry earnings grab spotlight

    Customer appetite for Jack Henry's services is likely to attract analysts' attention in the upcoming earnings report.

  • Jason Gardner, Marqeta
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    Courtesy of Marqeta

    Marqeta to buy Power Finance

    The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

  • The Department of Justice in Washington, D.C.
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    Drew Angerer via Getty Images

    Visa gets snarled in probes

    The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”

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    Dan Kitwood / Staff via Getty Images
    Deep Dive

    Crypto may yet upend payments

    Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.

  • Ryan McInerney with arms folded
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    Permission granted by Andy Gerit

    Visa’s incoming CEO taps new team

    Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.

  • Stack of credit cards spread out
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    alexialex via Getty Images

    Visa, Mastercard, Amex results buoyed by consumer spending

    The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

  • Stephanie Ferris head shot
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    Courtesy of FIS

    FIS sees another director resign

    A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations.

  • Cryptocurrencies laying on a flat surface next to a smartphone that shows a chart with zig-zagging lines.
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    Jack Taylor via Getty Images

    Visa stands by crypto

    At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

  • elizabeth warren
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    Spencer Platt via Getty Images

    Warren calls for more regulation of crypto

    The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry.

  • A person in a coat rides a bicycle holding a red DoorDash bag.
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    Michael M. Santiago/Getty Images via Getty Images

    DailyPay lands $260M in debt financing

    The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.

  • coppel access fintech app
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    Permission granted by Grupo Coppel

    Retailer targets Mexican Americans for digital wallet

    The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

  • A person's hand types on a keyboard while the other hand holds a credit card.
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    Poike via Getty Images

    Bluefin, Visa pursue network tokenization

    Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.

  • Phoenix midtown skyline with a Saguaro Cactus and other desert scenery in the foreground.
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    Davel5957/iStock via Getty Images
    Opinion

    Why the Arizona AG opinion on EWA matters

    “The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.

  • A customer using Amazon One to pay
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    Courtesy of Amazon

    Stripe, Amazon ‘deepening’ their tie

    Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.