The Latest
-
anyaberkut via Getty Images
FIS extends tie with Chargebacks911 to fight fraud
The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.
-
The image by Achim Hepp is licensed under CC BY-SA 2.0
Gucci expands crypto payment options to ApeCoin, Euro Coin
More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.
-
Courtesy of Amazon
FIS reduces 2022 outlook
The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.
-
Drew Angerer via Getty Images
PayPal takes new direction with Elliott
The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.
-
hqrloveq via Getty Images
Amex rolls out B2B digital payment tool
American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.
-
Fizkes via Getty Images
B2B drives Q2 payments growth: Nacha
Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.
-
Joe Raedle via Getty Images
Will a swoon in valuations affect Block’s Afterpay?
Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same.
-
grandriver via Getty Images
Wex profits soar on rising fuel prices
Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles.
-
Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments buys Evo at a premium
Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.
-
Justin Sullivan via Getty Images
Legislation aimed at Visa, Mastercard lands
A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.
-
urbazon via Getty Images
Mobile wallets gain traction in bill payments: survey
Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.
-
Retrieved from Loves Furniture & Mattresses on January 11, 2021
ColumnCEOs Sound Off: Payments execs navigate economic turmoil
CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.
-
Michael M. Santiago via Getty Images
Card CEOs react to macroeconomic threats
Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.
-
Chip Somodevilla via Getty Images
Durbin to lob bill at Visa, Mastercard
Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition.
-
Courtesy of Mastercard
Mastercard earnings get cross-border lift
“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.
-
Justin Sullivan via Getty Images
Visa's 3Q results defy recession talk
Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.
-
Ilya S. Savenok / Stringer via Getty Images
Fiserv confronts profit margin pressure
Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.
-
Mark Wilson via Getty Images
Balance raises $56M for B2B payments
The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.
-
Courtesy of Amazon
Amazon opens a new wallet for sellers
The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.”
-
Courtesy of Discover Newsroom
Attorneys weigh case against Discover
After Discover disclosed an internal investigation into its student loan practices, the company’s stock price dropped more than 8% on July 21, attorneys noted.
-
alexialex via Getty Images
Fintech Cardless taps Amex network
The partnership allows brands working with Cardless to take advantage of Amex’s benefits, while Amex sees the move expanding the scale of its network.
-
Courtesy of Instacart
Grocery company Albertsons rolls out SNAP online payment
The company now offers the purchasing capability at five banners through its own platform as well as the Instacart app.
-
Viorika via Getty Images
Domestic money transfer to jump nearly 50%, Juniper forecasts
Domestic money transfer payments worldwide are likely to jump by about 50% between this year and 2026 to some 300 billion payments, research firm Juniper Research predicted in a report released today.
-
Justin Sullivan / Staff via Getty Images
OpinionBlaming cards for high gas prices doesn't make sense, trade group argues
The leader of the Electronic Payments Coalition tells people looking to blame credit and debit card companies for higher gas prices to find a different scapegoat.
-
Scott Olson via Getty Images
Amex raises growth projections
The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.
