The Latest

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    Courtesy of Mastercard

    Mastercard links with Instacart on new card

    Mastercard has lined up two new partnerships this week, bringing its card benefits to the grocery store aisle as well as the NFT marketplace.

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    Courtesy of Walmart

    Walmart signals crypto, NFT plans with trademark applications

    While plenty of companies are eyeing digital asset technology, a potentially large push from the big-box retailer could go a long way in spurring mainstream consumer adoption.

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    Quinn Rooney / Staff via Getty Images

    Settlement in Amazon-Visa dispute may be near

    Amazon backed off a threat to stop taking Visa credit cards in the U.K. this week, as the two companies issued statements suggesting they'll avoid a pitched battle over "swipe" fees.

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    "Acquisition" by Mike Lawrence is licensed under CC BY 2.0

    NMI purchases IRIS to expand merchant services

    With extensive venture capital infusions from three investment firms, NMI is making acquisitions to expand its payments reach.

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    Bruce Bennett via Getty Images

    Grocery co-op to pilot frictionless shopping tech

    Retail cooperative Wakefern Food is conducting the test at a New Jersey location in conjunction with Israeli computer vision startup Trigo, which is making its U.S. debut with the partnership.

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    Pierre Crom via Getty Images

    Small businesses count on digital payments to drive growth

    Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.

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    Permission granted by PayPal Spokesman Joseph Gallo

    Buy now-pay later demand hit U.S. high during holiday season

    Consumer use of the new installment financing tool in the U.S. climbed to an all-time high in December, although heady growth rates are slowing, an analyst report said. In any case, overall market penetration remains low.

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    Permission granted by Accrue Savings

    Save-now, buy-later startup raises $25M

    Amid the buy now-pay later buzz, fintech Accrue Savings is going a different route. CEO Michael Hershfield said Accrue is on a mission to encourage consumers to save.

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    Chip Somodevilla via Getty Images

    Powell says Fed paper on CBDC is weeks away

    The oft-delayed digital currency white paper is coming "within weeks," Powell said Tuesday, but is "an exercise in asking questions and seeking input ... rather than taking a lot of positions."

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    Alex Wong via Getty Images

    Merchant group prods Fed on debit routing proposal

    The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.

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    Matt Cardy via Getty Images
    Column

    Why consumers like me are getting a barrage of credit card offers

    Think it's weird that my cat got offered a credit card? That's part of the wave of offers arriving as card issuers and their processing networks seek to recover from a COVID-19 credit spending drop.

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    Justin Sullivan via Getty Images

    Is there an expiration date on Visa's main growth engine?

    One analyst thinks so. Mizuho Securities Analyst Dan Dolev, who has been covering Visa for about three years, downgraded his rating on the largest U.S. card network company because he expects time is running out on consumers converting from cash to cards.

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    Permission granted by Levy

    Payments firms see slam dunk opportunity with sports venues

    Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.

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    Courtesy of Sam's Club
    Opinion

    Card reward programs are the rising tide to lift all boats

    The chairman of the Electronic Payments Coalition argues "Americans— regardless of income—love their credit card rewards programs." And the programs benefit consumers and merchants alike, he contends.

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    Permission granted by Electronic Transactions Association

    Crypto, privacy lead legislative priorities for payment trade group

    The Electronic Transactions Association said legislative moves related to those issues will be among the most important it's tracking this year at the state and federal government levels.

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    Retrieved from Ono Kosuki from Pexels.

    ATMs headed the way of the payphone

    As cash use declines, ATMs are disappearing. The U.S. count for such automated tellers peaked in 2019 and is headed down, according to data from the research firm Euromonitor International.

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    Sean Gallup / Staff via Getty Images

    The potential payments peril of punishing Russia

    The international community is weighing kicking Russia out of the Swift global payments network as a sanction for the country's aggression in Ukraine, but it could backfire.

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    Zhanna Hapanovich via Getty Images

    Payments deals pile up in 2021

    More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.

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    Justin Sullivan via Getty Images

    American Express delays new work model due to omicron

    The company, which had expected to bring more employees back to U.S. offices later this month, isn't alone in postponing return plans due to another rise in COVID-19 cases.

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    Tero Vesalainen via Getty Images

    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

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    Opinion

    Payments are becoming invisible. Here's why that's a good thing.

    "The next great evolution will see payments fully disappear into simplified, holistic commerce platforms," according to a U.S. Bank payments executive. That new era "will be here faster than you think."

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    choness via Getty Images

    Payments firms raised record sums in 2021

    It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.

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    Justin Sullivan via Getty Images

    Green Dot, PayPal helped recover $400M in stolen relief funds

    Criminals have swindled nearly $100 billion through fraudulent applications since the start of the pandemic in the U.S., the agency said. Some payment companies aided in the effort to recover the money, CNBC reported.

  • Mastercard buys AI firm Dynamic Yield from McDonald's

    Combining Mastercard's payment expertise and Dynamic Yield's AI capabilities could help McDonald's strengthen its digital ordering strategy, as the fast-food chain pivots toward outsourcing its technology. The card company may benefit from further scaling the Yield AI business across other industries.

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    clikced it myself - Vaidik Trivedi

    Community banks group launches lower-cost P2P option

    Unlike other platforms, the new alternative to Zelle lets consumers send money over the platform of their choice.