The Latest
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Crypto ad spend plummets as market crashes
The cryptocurrency market downturn has led marketing spend in this sector to plunge, especially after unprecedented highs seen during Super Bowl LVI.
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Weave teams with Sunbit for healthcare BNPL
With Sunbit, Weave can now add BNPL to its other services that help small businesses collect customers’ payments, including text to pay, digital wallets, wireless terminals and credit-card on file.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB recasts innovation office to emphasize competition
The bureau walked back its no-action letter and sandbox policies in favor of "incubation events" meant to troubleshoot barriers to innovation and help customers switch providers more easily.
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Mark Wilson via Getty Images
CBDC poses threat to banks, trade groups tell Fed
A U.S. digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter.
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clikced it myself - Vaidik Trivedi
Lower-income app users seek savings options
Low- and moderate-income households in the U.S. say they want savings products in their digital payment apps, a survey by the nonprofit Commonwealth revealed.
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Khaosai Wongnatthakan via Getty Images
OpinionCEOs Sound Off: BNPL takes aim at healthcare, legal costs
Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.
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Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
Klarna revamps operations, cuts 700 employees
Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.
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Courtesy of Tag Heuer
Tag Heuer accepts crypto as payment
CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.
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champpixs via Getty Images
Billtrust to stay on acquisition streak
Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.
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Ian Waldie via Getty Images
Big tech pushes passwordless for payments
Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.
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Ethan Miller via Getty Images
Albertsons expands smart cart pilot
The carts act like self-checkout machines, with the computer vision system and barcode-scanner logging the products a customer tosses into the cart.
Updated May 20, 2022 -
Ilya S. Savenok / Stringer via Getty Images
Fiserv shareholders approve severance curbs
A proposal to subject certain severance agreements to a shareholder vote — which the board was not in favor of — was approved during Fiserv’s annual meeting Wednesday.
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Permission granted by Emily Burnham DLPR
BNPL player Zilch expands to US
Instead of collecting fees from retailers to move merchandise from their shelves, Zilch is linking with brands like Sephora and Nike to lure consumers looking to finance their purchases through installment payments.
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Courtesy of CashApp - Square
SoundHound, Square launch tool for restaurant orders
The voice app company SoundHound AI is rolling out a service for restaurants with Block's Square that answers phone calls, takes orders, accepts modifications and sends confirmations to complete payments.
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Stephanie Keith via Getty Images
Restaurant payments startup SpotOn raises $300M
SpotOn plans to use the capital to develop new products and services, the San Francisco-based company said. The funding round was led by Dragoneer Investment Group.
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Joe Raedle via Getty Images
Block bets on bitcoin
“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.
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time99lek via Getty Images
FIS knocks Fiserv out of No. 2 merchant acquirer spot
In a competitive field of merchant acquirers, FIS bested Fiserv last year as JPMorgan Chase held its lead, according to a ranking from The Nilson Report.
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Courtesy of Mastercard
Mastercard to launch biometric checkout tool for retailers
The company plans to try out facial recognition and hand-scanning technology in multiple countries.
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Kaarin Vembar/Payments Dive
Amazon Fresh spearheads East Coast expansion
The chain plans to open locations on Long Island and in the Garden State, expanding its use of the cashierless payment technology and hiring "hundreds" of workers.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB carves out new competition angle for oversight
A former CFPB enforcement director told an audience of payments professionals this week that they'd best be prepared for the agency to expand its oversight by way of its markets authority.
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Courtesy of Klarna
Klarna debuts virtual shopping tool
The platform is adding more services as the buy now-pay later industry faces more regulatory scrutiny.
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Drew Angerer/Getty via Getty Images
BNPL giant Affirm counts on debit card for growth
The San Francisco-based company said the product is being “rolled out to tens of thousands of consumers" through a beta program.
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Zowy Voeten via Getty Images
Affluent consumers may drive $257B in spending
The wealthiest U.S. consumers are eager to open their wallets again, especially for travel, though there is one possible caveat, predicts Visa's chief economist.
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FG Trade via Getty Images
Amex, Discover get top marks in direct banks survey
The No. 3 and No. 4 card companies, which also hold bank licenses, scored highly in customer satisfaction among online-only banks, J.D. Power found.
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Dan Kitwood/Getty Images News via Getty Images
SEC enforcement attorney predicts 'a lot more fraud' in crypto markets
The SEC will turn to litigation if needed to achieve “clarity” as it fights abuses in cryptocurrency markets, according to an attorney in the agency’s Enforcement Division.
