The Latest

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    da-kuk via Getty Images

    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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    mixetto via Getty Images

    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
    Opinion

    CEOs 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
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    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.