The Latest

  • Thomas Warsop, ACI Worldwide interim CEO
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    Permission granted by ACI Worldwide
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    ACI appoints new CEO

    ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

  • Wooden cubes that spell out "M&A"
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    Nastassia Samal via Getty Images
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    Payments cost-cutting could fuel M&A: investor

    Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

  • Stephanie Ferris head shot
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    Courtesy of FIS
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    FIS CEO sizes up competition

    CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

  • An overhead shot of the Sydney Harbour Bridge
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    Yiran An via Getty Images
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    Marqeta shuts down Australia operations

    The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

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    Justin Sullivan via Getty Images
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    Consumers use cash to forget, study shows

    New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Debit network players gear up for July

    Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

  • Man pays at counter with phone over hardward
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    Milko via Getty Images
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    Consumers, businesses gravitate to faster, mobile payments

    As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

  • Fingers hover over a computer keyboard with numbers on a screen, against a shadowy backdrop.
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    jariyawat thinsandee via Getty Images
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    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Levchin downplays Apple threat

    Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

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    Joe Raedle via Getty Images
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    Cash App pursues older, affluent customers

    The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

  • Citizens Financial Group branch
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    Permission granted by Citizens Financial Group
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    Citizens Bank to pay $9M to settle disputed-charge suit

    The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

  • An Uber Freight driver sits in the cab of a truck using a cell phone app.
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    Courtesy of Uber
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    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

  • Close-up image of cash and credit cards
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    bernie_photo via Getty Images
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    Credit popularity doesn’t displace cash: Fed report

    Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

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    Courtesy of PayPal
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    Venmo to launch teen account

    The move is part of PayPal’s plan to lean on Venmo to lure more users.

  • Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA)
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    Alex Wong / Staff via Getty Images
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    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

  • Exterior of the Federal Reserve building in Washington, D.C.
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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

  • Hand with a stack of hundred US dollars bills, close up
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    Vadym Petrochenko via Getty Images
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    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

  • Accountant using calculator.
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    Stock photo via Getty Images
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    Bill Holdings discloses ‘material weakness’

    Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”

  • People milling in front of an FIS conference booth
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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    Worldpay spin-off hands FIS mixed bag

    The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

  • Close-up of water glasses and portfolios on a long desk with a row of empty chairs.
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    Sophie_James via Getty Images
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    ACI boots chief technology officer

    ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

  • Several workers walking out of the front of PayPal offices
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    Justin Sullivan via Getty Images
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    PayPal considers Xoom sale: report

    The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
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    Global Payments execs hint at B2B acquisition

    Global Payments isn’t looking for more acquisitions — except in the B2B space, its outgoing CEO said.

    B2B
  • An image of Square's Franchise Platform, which rolled out May 2023.
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    Permission granted by Square
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    Square adds franchise platform

    Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.

  • credit cards
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    Joe Raedle via Getty Images
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    Card debt weighs on consumers

    First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

  • PayPal CEO Dan Schulman
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    Derek White via Getty Images
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    PayPal urged to accelerate CEO search

    The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.