The Latest
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Bluefin, Visa pursue network tokenization
Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.
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OpinionWhy the Arizona AG opinion on EWA matters
“The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.
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Courtesy of Amazon
Stripe, Amazon ‘deepening’ their tie
Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.
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Paymentus to accept payments via Green Dot Network
Paymentus is tapping Green Dot’s network to extend the number of locations where it accepts cash bill payments from consumers.
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Big banks to launch digital wallet operated by Zelle parent: report
The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.
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Gemini cut another 10% of staff: report
The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.
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Earnings preview: Payments companies face up to 4Q
How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.
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International coalition pursues cross-border payments improvements
In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.
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FIS director resigns after appointment last month
An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.
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PayPal confirms data breach
Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.
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Billtrust plots growth in B2B
Although many companies are pulling back spending amid the darker economic climate, new CEO Sunil Rajasekar said the B2B payments firm is not.
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US payments startup funding cut in half last year
Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.
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Courtesy of Splitit/Jenny Volanakis
Splitit targets tech assets for acquisition
Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.
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Anna Moneymaker / Staff via Getty Images
What payments can expect from Washington this year
From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.
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Payoneer tees up Webster Bank exec for CFO
Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after current CFO Michael Levine steps away from the role.
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Wakefern unveils frictionless checkout pilot
The supermarket operator teamed with tech firm Trigo to open an autonomous convenience store at its New Jersey corporate campus.
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Flexible rent payment options gain ground
A growing number of companies are bringing buy now, pay later to the rental market as inflation drives up housing costs and renters struggle to pay on time.
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Lightspeed cuts 300 jobs in restructuring
With the 10% workforce reduction, the Canadian merchant payment services company is reorganizing in a bid for profitability.
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Bank card spending volume slows
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
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Affirm users jolted by multiple charges
The buy now, pay later provider said it encountered a “technical issue” that has now been resolved, with user transactions to be corrected at banks within a week.
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Permission granted by Parkland USA
How Parkland USA is bringing self checkout to its stores
The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.
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PayPal, Visa team on faster cross-border payments
PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.
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Oracle jumps into payments for retailers
The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties.
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Courtesy of Portillo's
Portillo’s drive-thrus go cashless to avoid robberies
The company aims to improve the safety of its staff, who take drive-thru orders and payments outside, CEO Michael Oslanoo said at ICR.
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Justin Sullivan via Getty Images
Amex acquires B2B automation company Nipendo
The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market.
