The Latest
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Lynne Marek/Payments Dive
There's cheaper gas if you pay with cash
About a third of convenience stores are now giving a discount to consumers who pay for gas with cash, according to the results of a retailer survey issued this week.
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Drew Angerer via Getty Images
Wagestream jumps into US on-demand pay fray
With $175 million in recently raised capital, the British new entrant in the U.S. earned wage access arena is setting lofty goals for expansion.
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Elena Perova via Getty Images
Self-checkout terminal sales jump: report
Cashless systems are growing in popularity, with the sale of self-checkout terminals expected to surge 50% to 300,000 annually by 2027, according to an industry research firm.
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eranicle via Getty Images
Fundbox nudges SMBs to shift strategies in face of inflation
The San Francisco-based provider of credit and payment solutions to small businesses recently announced partnerships with both card network Visa and payment processing platform Stripe.
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Chainarong Prasertthai via Getty Images
Fintech Amount cuts about 18% of workforce
The Chicago-based banking technology provider, valued at $1 billion last year, said this week it had pared 108 workers in what the company called “proactive adjustments.”
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gorodenkoff via Getty Images
PayPal launches small business credit card
The digital payments company is targeting small business owners as they seek credit financing and loans.
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Courtesy of BurgerFi
BurgerFi and Anthony's launch co-branded Visa rewards card
The card offers customers 3% cashback on all purchases at any of the restaurant brands’ 185 locations.
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Steve Jennings via Getty Images
Brex's move has fellow fintechs ready to pounce
Brex cutting small business customers — the handling of which prompted a mea culpa from the co-founder — may provide opportunity for B2B fintechs like Ramp or Divvy. But big banks still dominate the space.
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Khaosai Wongnatthakan via Getty Images
BNPL faces tough economic challenges
Evidence suggests that BNPL borrowers are increasingly having trouble paying off their loans, based on a report from one analyst who follows the U.S. buy now-pay later provider Affirm.
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Courtesy of Bed Bath & Beyond
Bed Bath & Beyond adds BNPL option
The retailer said its buy now-pay later option, Welcome Pay, allows customers to pay for purchases in four payments.
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Sean Gallup via Getty Images
PayPal changes up its pricing
In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.
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DKosig via Getty Images
Alviere sets sights on Europe, Latam expansion
Embedded payments player Alviere has raised money from Silicon Valley Bank to support expansion in Europe and Latin America, following the hiring of a pack of new executives.
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CFPB takes aim at card late fees
The Consumer Financial Protection Bureau seems to think credit card late fees are out of control. Now, it plans to do something about it.
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EVO Payments finds deals harder to come by, CEO says
EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now.
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Drew Angerer via Getty Images
Mastercard shareholders reject ghost guns proposal
A shareholder who is also a state official and candidate for Congress urged the card giant’s board to issue a report related to untraceable guns, but the proposal didn’t win enough support to pass at the company’s annual meeting.
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Permission granted by Alo Yoga
Alo Yoga accepts crypto payments, allows crypto paychecks
The direct-to-consumer lifestyle brand is betting big on Web3 technology, although U.S. data suggest minimal usage of crypto for purchasing goods.
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Courtesy of Walmart
Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'
The mega-retailer is the exclusive partner on a new Roku feature that allows people to purchase products by clicking on ads with their remote.
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Courtesy of Mastercard
Mastercard expands sonic branding with 'Priceless' album
The multi-artist album, a first-time marketing move by the card company, features original songs that incorporate Mastercard’s brand sound.
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designer491 via Getty Images
Discover eyes benefits of downturn
As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.
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NicoElNino via Getty Images
OpinionFriendly fraud: How should fintechs view the risks?
With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.
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champpixs via Getty Images
Tipalti spearheads digitization in middle market
B2B fintech Tipalti aims to scoop up some additional businesses as startups struggle with a slowdown in equity funding.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB urges standardization in BNPL credit reporting
The agency isn’t pleased about the three big credit reporting bureaus taking different approaches to tracking consumer data for buy now-pay later financing.
Updated June 17, 2022 -
Courtesy of Affirm
Affirm takes on BNPL skeptics
Apple's entry into the buy now-pay later market isn't a concern for Affirm, the company's Chief Financial Officer Michael Linford asserted Tuesday.
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ROBIN WORRALL/Unsplash.com
Samsung debuts a new digital wallet with crypto
The new wallet will store IDs, cards and crypto, giving the South Korean company more leverage to compete with digital payment apps from tech giants Apple and Google.
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Courtesy of Grubhub
Grubhub adds instant pay option for delivery drivers
Food delivery company GrubHub will make an instant payout option available to its couriers, with an assist from PayPal and Visa, so drivers can deposit earnings to a debit card.
