The Latest

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    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.

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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.

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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.

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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.

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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.

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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. 

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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.

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    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.

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    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.

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    Retrieved from Loves Furniture & Mattresses on January 11, 2021
    Column

    CEOs 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.

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    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.

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    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.

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    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.

  • Several Visa cards spread out on surface revealing company's logo.
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    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.

  • Fiserv CEO Frank Bisignano
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    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.

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    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.

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    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.” 

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    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.

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    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.

  • Side-by-side screenshots of Instacart's app and website
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    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.

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    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.

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    Justin Sullivan / Staff via Getty Images
    Opinion

    Blaming 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.

  • American Express logo on window
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    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.