B2B
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Kevin Dietsch via Getty Images
CFPB weighs in on earned wage access
The federal agency hinted this week that it will scrutinize earned wage access services and their fees to determine whether they're subject to lending laws. It also suggested it may revisit Trump-era policies regarding such businesses.
By Lynne Marek • Jan. 20, 2022 -
pixelfit via Getty Images
Payments pros demand top dollar in talent war
It’s become a “candidates’ market” with companies desperate to hire or retain payments executives and offering up to 30% premiums to lure professionals in short supply.
By Lynne Marek • Jan. 20, 2022 -
Matias Delacroix via Getty Images
B2B payments can be a pain. Here's why 2022 might be the year that changes.
The COVID-19 pandemic pushed the fast-forward button on payments innovation in the B2B space, and a crop of new technologies are set to make these payments faster and easier.
By Caitlin Mullen • Jan. 18, 2022 -
Permission granted by Levy
Payments firms see slam dunk opportunity with sports venues
Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.
By Caitlin Mullen • Jan. 10, 2022 -
Sean Gallup / Staff via Getty Images
The potential payments peril of punishing Russia
The international community is weighing kicking Russia out of the Swift global payments network as a sanction for the country's aggression in Ukraine, but it could backfire.
By Jonathan Berr • Jan. 6, 2022 -
Zhanna Hapanovich via Getty Images
Payments deals pile up in 2021
More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.
By Lynne Marek • Jan. 5, 2022 -
Tero Vesalainen via Getty Images
7 payments trends for 2022 as innovation climbs
From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.
By Jonathan Berr , Caitlin Mullen , Lynne Marek • Jan. 4, 2022 -
choness via Getty Images
Payments firms raised record sums in 2021
It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.
By Caitlin Mullen • Dec. 28, 2021 -
Delmaine Donson via Getty Images
Community banks form payments network to compete with Zelle: report
Community bank innovation consortium Alloy Labs Alliance will manage the network in partnership with Payrailz, a digital payments company, Forbes reported.
By Anna Hrushka • Dec. 20, 2021 -
scyther5 via Getty Images
Payhawk plans 2022 New York office opening
The Sofia-based company raised more than $130 million this year, arming it to take on U.S. rivals in providing business clients with payments management tools.
By Ted Jackson • Dec. 17, 2021 -
yalcinsonat1 via Getty Images
Corcentric to grow through SPAC
Payments technology company Corcentric aims to grow, including internationally, by way of a merger with a special purpose acquisition company that will raise capital and take the business public.
By Lynne Marek • Dec. 13, 2021 -
Rich Fury/WireImage via Getty Images
Will crypto wages catch on?
NFL star Odell Beckham and Miami Mayor Francis Suarez may grab headlines by taking salaries in bitcoin, but can companies pitching crypto pay services make inroads with average wage-earners?
By Ted Jackson • Dec. 8, 2021 -
Kevin Dietsch via Getty Images
Opinion
For hourly workers, the paycheck is the enemy
The magnitude of financial precarity in America is staggering. This is why employers have a responsibility for the financial health of their workers.
By David Baga • Dec. 8, 2021 -
Courtesy of Facebook Messenger
Facebook Messenger tests split payments
Meta's Facebook is testing a split payments feature in its messaging app for U.S. users, though it's not clear when there will be a broader release.
By Tatiana Walk-Morris • Dec. 7, 2021 -
Courtesy of Afterpay
Buy now-pay later orders rise 34% in holiday season, Afterpay says
The company also said user spending online rose 30%, with more Gen Z shoppers using the service between Black Friday and Cyber Monday.
By Tatiana Walk-Morris • Dec. 6, 2021 -
CardX CEO Jonathan Razi testifies before the Colorado House Business Affairs & Labor Committee earlier this year. Retrieved from CardX on July 8.
Will Stax acquisition of CardX mean more surcharging?
With the Stax acquisition of CardX last week, the combined company plans to scale its mission of bringing surcharging tools to more merchants.
By Lynne Marek • Dec. 6, 2021 -
Joe Raedle via Getty Images
Square takes a new moniker: Block
No sooner does Jack Dorsey arrive full-time at Square than the company decides it needs a new name. The corporate parent will become Block, but keep the Square brand for its digital payments business.
By Lynne Marek • Dec. 1, 2021 -
H. Armstrong Roberts via Getty Images
Wise gears up for U.S. expansion
Wise plans to expand in North America next year, increasing its U.S. workforce by 150 employees, or more than 40 percent, including at a new office in Austin, the company said.
By Jonathan Berr • Dec. 1, 2021 -
Permission granted by PayPal Spokesman Joseph Gallo
PayPal offers Wix merchants BNPL options
PayPal began offering Wix merchants in the U.S. its buy now-pay later and credit services last month for the first time. Wix merchants in the United Kingdom and France will also have access to the services in "coming months," the companies said.
By Lynne Marek • Dec. 1, 2021 -
VectorInspiration via Getty Images
FIS may sell unit to Symphony Tech for $2B: Report
Mega payments processor FIS is in discussions about the possibility of selling part of its capital markets unit to investment firm Symphony Technology Group, according to a report from Bloomberg. The transaction could be valued at about $2 billion, the outlet reported, citing unnamed sources.
By Lynne Marek • Nov. 28, 2021 -
Courtesy of Mastercard
Mastercard buys payments processor Arcus FI, expanding in Latin America
Mastercard said the acquisition will allow it to "help support the delivery of bill pay solutions and other real-time payment applications across Latin America."
By Jonathan Berr • Nov. 24, 2021 -
Poike via Getty Images
Stripe CFO Suryadevara draws on challenges as GM CFO
Suryadevara has ventured into unfamiliar business terrain before, becoming GM treasurer with little prior knowledge of the role.
By Jim Tyson • Nov. 18, 2021 -
Oli Scarff via Getty Images
Amazon takes battle against Visa to UK
The move by the e-commerce behemoth Amazon to reject U.K. Visa cards is putting pressure on Visa to lower card transaction fees worldwide.
By Lynne Marek • Nov. 17, 2021 -
Mark Wilson via Getty Images
Podium raises $201 million, eyes expansion
After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.
By Lynne Marek • Nov. 16, 2021 -
Retrieved from Flickr/RikkisRefuge.
"The check is not dead," Deluxe CEO says
The long-time check printing company still relies on that business for a third of its business, but it's creating a host of other services, mainly for small and mid-sized companies, CEO Barry McCarthy says.
By Lynne Marek • Nov. 12, 2021
