The Latest

  • Square POS
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    Courtesy of CashApp - Square

    Square integrates with digital signage provider Raydiant

    New digital integrations could differentiate Block-owned Square within an increasingly competitive point-of-sale and fintech category.

  • Individual holding its hand under Amazon One's palm recognition payment method at a Whole Foods Market checkout counter
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    Courtesy of Sarmishta Ramesh

    Whole Foods expands use of Amazon One paytech

    After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek

    Toast gets growth spurt in restaurant payments

    The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Prostock-Studio via Getty Images

    Auto dealers tap U.S. Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

  • A closeup up a car dashboard with a a driver's hand. A phone is on a mount to the right of the steering wheel.
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    Drew Angerer via Getty Images

    Green Dot battles Uber, loses contracts

    Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.

  • Two middle school students walk down a school hallway next to a row of lockers, backs toward the camera.
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    FangXiaNuo via Getty Images

    Flywire posts net loss despite customer wins

    The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    B4LLS via Getty Images

    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

  • A woman sits at a desk, looking at her phone and doing paperwork, seemingly to pay bills.
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    fizkes via Getty Images

    Jack Henry & Associates buys Payrailz

    Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
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    Maks_Lab via Getty Images

    Payments buyout burst in August signals more M&A

    A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

  • Paystamd ,buys Mexico's Yaydoo
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    Courtesy of Erica Zeidenberg

    Paystand buys Yaydoo in Latin American push

    Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

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    Anna Moneymaker via Getty Images
    Column

    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

  • Person pushing Target shopping cart
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    Joe Raedle via Getty Images

    Consumer spending rises despite inflation: Mastercard

    While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

  • Rear view personal perspective of diverse executive team video conferencing with male CEO and discussing data.
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    AzmanL via Getty Images

    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

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    Courtesy of Megan Cheung

    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

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    Drew Angerer via Getty Images

    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv whittles workforce

    The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

  • closeup of hands holding smartphone in cafe
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    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.

  • Gucci storefront.
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    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.

  • A customer using Amazon One to pay
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    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.

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    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.

  • Mobile phone with currency symbols
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    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.

  • Young businesswoman talking to business partners
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    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.

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    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.

  • Lone truck with semi-trailer at sunset on a desert highway
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    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. 

  • Global Payments CEO Jeff Sloan
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    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.