Payments tech to draw $40B next year: Forrester

The research firm's 2022 outlook also anticipates IPOs for major payments players as well as increased use of digital wallets and QR codes.

By Tatiana Walk-Morris • Nov. 3, 2021

Early wage payments draw scrutiny

Companies that offer earned wage access, aka on-demand pay, have proliferated in the U.S. Now, legislators and regulators are targeting the industry for more oversight.

By Lynne Marek • Updated Nov. 4, 2021

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Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

BNPL needs Visa to scale, CEO argues

Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.

By Lynne Marek • Oct. 27, 2021

Elavon eyes BNPL arena

Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

By Lynne Marek • Oct. 26, 2021

Stripe and Klarna hook up

Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

By Lynne Marek • Oct. 26, 2021

PayPal douses reports of a Pinterest purchase

With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

By Lynne Marek • Oct. 25, 2021

ACH payments rise to new record

ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.

By Ted Jackson • Oct. 25, 2021

Vast Bank's new offering lures "crypto curious"

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."

By Anna Hrushka • Oct. 22, 2021

Is PayPal pining for Pinterest?

A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry. 

By Lynne Marek • Oct. 21, 2021

Goldman Sachs, AmEx debut corporate payments service

The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.

By Robin Bradley • Oct. 20, 2021

Stripe agrees to buy Recko

The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

By Lynne Marek • Oct. 20, 2021

Fiserv expands restaurant reach with BentoBox purchase

The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

By Lynne Marek • Oct. 18, 2021

Billtrust makes $58M acquisition in Europe

The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.

By Tatiana Walk-Morris • Oct. 15, 2021

AvidXchange's IPO swells to $660M

The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.

By Lynne Marek • Updated Oct. 14, 2021

Andreessen Horowitz poaches Facebook digital wallet execs

Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

By Dan Ennis • Oct. 13, 2021

Cross-border payments competition heats up

Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

By Lynne Marek • Oct. 12, 2021

Paytech firms outside US gain ground

Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

By Lynne Marek • Oct. 11, 2021

Affirm, Sezzle buy now-pay later options arrive at Target

As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

By Tatiana Walk-Morris • Oct. 8, 2021

Payment tech lifts construction venture funding

New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

By Sebastian Obando • Oct. 8, 2021

Rich payment startups target B2B market

Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

By Lynne Marek • Oct. 4, 2021

Fiserv to create New Jersey corporate tech hub

The Wisconsin-based payments giant will invest $105 million in the new Berkeley Heights corporate campus where it expects to employ about 3,000 workers.

By Tatiana Walk-Morris • Sept. 30, 2021

NovoPayment sets sights on US market

NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.

By Lynne Marek • Sept. 8, 2021

How Square's Afterpay purchase advances its small-business banking goals

Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.

By Anna Hrushka • Aug. 18, 2021

Paymentus agrees to acquire Payveris for $152M

With the acquisition, Paymentus will expand its bill payment network and increase annual net revenue about 25 percent.

By Lynne Marek • Aug. 11, 2021

Synctera partners with Mastercard, Marqeta

Synctera’s new partners will help community banks work with fintechs on new debit card-issuing programs.

By Wendy Cole • Aug. 6, 2021