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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 -
Explore the Trendline➔
ArtemisDiana via Getty Images
TrendlineCross-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 -
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
OpinionFor 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 -
Courtesy of Peloton
Affirm reports better outlook, sidesteps Peloton question
The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.
By Lynne Marek • Nov. 11, 2021 -
Dan Kitwood/Getty Images News via Getty Images
Deep DiveCrypto creeps into the checkout line
Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.
By Suman Bhattacharyya • Nov. 10, 2021 -
Alex Wong via Getty Images
Payments heads toward record venture funding year: CB Insights
Payments startups are sopping up what's likely to be a record amount of venture capital this year, as the industry collects money that's transforming the financial sphere.
By Lynne Marek • Nov. 5, 2021 -
Vaidik Trivedi
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 -
Courtesy of Walmart Press Kit
Deep DiveEarly 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 -
Justin Sullivan via Getty Images
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 -
Retrieved from ATPC on July 07, 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 -
Retrieved from Stripe's Stephen Imm on October 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 -
Sean Gallup via Getty Images
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
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