The Latest

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    Fiserv, PayPal and FIS change up board members

    Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.

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    Chris McGrath via Getty Images
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    Affirm executive joins crypto firm Gemini as CFO

    Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.

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    Joe Raedle via Getty Images
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    Trump Organization lawsuit raises questions about Capital One-Discover deal

    Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

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    Michael Smith/Newsmakers via Getty Images
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    Column

    States may be called on to pick up payments regulatory slack

    As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.

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    Brex strives for predictability after operational overhaul

    After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.

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    Scott Olson via Getty Images
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    Northern Trust exec: Crypto rule changes may ease tokenization

    Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

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    Noam Galai via Getty Images
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    Klarna whittled workforce via AI ahead of IPO

    The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

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    Kaarin Vembar/Payments Dive
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    Klarna to displace Affirm as Walmart BNPL provider

    The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.

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    Anna Webber via Getty Images
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    Block takes on payday lenders with Cash App

    The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.

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    Michael A. McCoy / Stringer via Getty Images
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    Retail, crypto groups converge to back stablecoin legislation

    The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

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    Courtesy of American Express
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    Payments firm ‘for sale’ signs pop up as buying interest swells

    Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.

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    Permission granted by PDI Technologies
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    Digital payments to exceed $33.5 trillion by 2030: report

    Consumers are predicted to rely less on debit and credit cards and turn more to mobile wallets in the coming years, a Worldpay report predicts.

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    JHVEPhoto via Getty Images
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    Discover Financial alum takes Wells Fargo IT role

    A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

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    AndreyPopov via Getty Images
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    Opinion

    Gen Zers expect more of B2B payments

    “For Gen Z, payments go beyond speed — they reflect values, transparency, and purpose,” writes one accounts receivable software CEO.

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    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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    Stablecoin company Mesh raises $82M

    Some of the funding was settled using PayPal’s stablecoin and will be used to build a global platform to transfer stablecoins, the company said.

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    Spencer Platt / Staff via Getty Images
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    Q&A

    Citi pursues partnerships to elevate its pay-over-time tool

    The bank doesn’t need partnerships for its credit card customers to access the financing service, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

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    Chor muang via Getty Images
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    Q&A

    Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

    Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.

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    Justin Sullivan via Getty Images
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    How PayPal is bolstering its branded business

    The payments pioneer is counting on merchant tech upgrades, its buy now, pay later offering and Venmo to re-energize its flagship business, a top executive said this week.

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    Fiserv CEO transition took only 10 days, CFO says

    CEO Frank Bisignano quickly deemed his successor, Mike Lyons, ready to lead the payment processor, but don’t expect any strategy shifts, Fiserv’s CFO said.

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    Scott Olson via Getty Images
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    Green Dot considers sale as CEO exits

    The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

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    PeopleImages via Getty Images
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    Intuit rolls out phone tap, recurring payments

    The financial software company says it’s focused on devising new methods for small business owners to be paid faster.

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    Lisa Maree Williams via Getty Images
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    Amex to buy expense manager Center to bolster offerings

    The deal will allow the banking and card network behemoth to expand its expense management and accounting functions for business travel.

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    Permission granted by Michelle Parke
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    Papaya Global adds Citi as partner

    The payroll and payments services provider that has been working with JPMorgan Chase now calls Citibank a sponsor as well.

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    Dan Kitwood via Getty Images
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    Digital asset use could buttress financial inclusion

    While digital ledger technology could be used to reach unbanked or underbanked consumers, widespread adoption faces obstacles, a new report suggests.

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    Anna Moneymaker via Getty Images
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    Q&A

    Killing the CFPB would create a vacuum, former insider says

    Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.