The Latest

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    Khaosai Wongnatthakan via Getty Images

    Consumers tap BNPL for larger purchases

    Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.

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    Permission granted by Banked
    Sponsored by Banked

    A real-time look into open banking

    Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.

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    Khanchit Khirisutchalual via Getty Images

    PayPal alum latest to take CFO seat for Zepz

    PayPal alum Robert Mitchell will take the remittance platform’s financial helm as it looks to foster further growth after reaching profitability during the first half of 2022.

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    B4LLS via Getty Images

    BNPL firms encounter growing pains

    As buy now-pay later providers face a shifting economic environment and regulatory scrutiny, they’re likely pursuing transformation, a Guidehouse consultant said.

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    Nastasic via Getty Images

    Banks take stock of payment fraud threats

    Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

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    wichayada suwanachun via Getty Images

    DoorDash teams with Chase, Mastercard on credit card

    Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

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    Permission granted by Uber Eats

    Uber Eats integrates with Toast, Clover

    The integrations will allow Uber Eats’ restaurant partners to onboard with both their POS provider and the delivery company much faster. 

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    abdoudz via Getty Images

    FleetCor taps insider interim after CFO resigns

    The Atlanta-based payments company said Charles Freund, its CFO since September 2020, is resigning to become CFO of an unidentified private-equity backed software company.

    B2B
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    "PNC" by ParentingPatch is licensed under CC BY-SA 3.0

    PNC buys restaurant point-of-sale firm Linga

    The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

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    William_Potter via Getty Images
    Opinion

    Busting the myths on FedNow

    Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.

  • A shopper taps to pay with a smartphone as the store employee handles the transaction on a Shopify device.
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    Courtesy of Shopify

    Shopify adds mobile POS hardware

    Pushing further into brick-and-mortar shopping, the commerce company faces competition from other point-of-sale providers as the volume of POS transactions is expected to rise.

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    Prostock-Studio via Getty Images
    Deep Dive

    Will biometrics be the future of payments?

    The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.

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    Poike via Getty Images

    Banc of California acquires Deepstack in payment processing play

    The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

  • Bank CEOs sit in front of the Senate Banking Committee.
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    Drew Angerer via Getty Images

    Bank CEOs defend Zelle in Senate hearing

    Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

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    shih-wei via Getty Images

    Buyers, vendors blame each other for slow digital payment adoption

    A majority of vendors said their customers aren’t ready to stop using checks, although check use among accounts payable teams fell 10% compared to last year, MineralTree’s report revealed.

  • The CEOs of the nation's largest banks face members of the House Committee on Financial Services.
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    Alex Wong via Getty Images

    Republicans grill bank CEOs on merchant gun code

    GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.

  • 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 seeks to shed more workers

    In acknowledging the pursuit of further downsizing, a Klarna spokesperson cited changes being made by company executive Camilla Giesecke assuming COO duties.

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    Permission granted by PayPal Spokesman Joseph Gallo

    PayPal defends BNPL position

    The payments firm is just as popular with younger shoppers as its buy now-pay later rivals, a PayPal executive said last week.

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    Michael M. Santiago via Getty Images
    Opinion

    QR code resurges for payments

    “Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.

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    Justin Sullivan via Getty Images

    Visa eyes B2B, remittances for growth

    Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

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    AndreyPopov via Getty Images

    Extra costs biggest reason shoppers ditch online carts

    With cart abandonment costing online retailers up to $136 billion annually, Coresight Research’s findings suggest they might want to focus on total purchase price more closely matching shopper expectations.

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    gorodenkoff via Getty Images

    Profits slip for small businesses: survey

    Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

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    Justin Sullivan via Getty Images

    House lawmakers add credit card competition bill

    Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

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    Rostislav_Sedlacek via Getty Images

    Tipalti introduces new card

    After entering the U.K. last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees.

  • Instacart rolls out Connected Stores suite of services for retailers.
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    Courtesy of Instacart

    Instacart rolls out in-store tech enhancements

    Frictionless checkout and a more efficient shopping journey are core focuses under the new services, which include a scan-and-pay mobile checkout program.

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    Permission granted by MoneyGram

    MoneyGram CEO bullish on stablecoins

    The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.