Cross-border payments remain focus for Fed

Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

By Lynne Marek • Feb. 20, 2024

Same-day payments drive ACH increase: Nacha

Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.

By Tatiana Walk-Morris • Feb. 15, 2024

Global Payments may pare operations

While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.

By Lynne Marek • Feb. 15, 2024

Adyen eyes growth in North America

Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.

By Caitlin Mullen • Feb. 14, 2024

Bill Holdings, Bank of America revamp contract

The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.

By Lynne Marek • Feb. 12, 2024

Fleet fintech ditches Visa for Mastercard

Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

By Lynne Marek • Feb. 6, 2024

Where will embedded payments flourish in 2024?

There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

By Julio Gomez • Feb. 5, 2024

Emburse chases large customers

The expense management company plans to pursue bigger clients that offer a better value proposition, said new CEO Marne Martin.

By Caitlin Mullen • Feb. 2, 2024

Blackhawk Network to buy Tango Card

Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

By Caitlin Mullen • Feb. 1, 2024

Mastercard, TCH to enhance RTP network

The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said. 

By Tatiana Walk-Morris • Jan. 29, 2024

Payments startups face pivotal year

Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.

By Caitlin Mullen • Jan. 23, 2024

Mastercard lines up B2B payments partners

The card network has grown its roster of partners in an effort to streamline transactions between businesses.

By Tatiana Walk-Morris • Jan. 19, 2024

Payments M&A poised to rise this year

Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.

By Caitlin Mullen • Jan. 18, 2024

Maximizing the value of B2B payments

Here are three ways that B2B payments can be a source of growth.

Jan. 16, 2024

Payments M&A in 2023 amounts to a whimper

October’s uptick in activity didn’t continue through the remainder of the year, capping a quiet year for merger and acquisition activity in payments.

By Caitlin Mullen • Jan. 12, 2024

Visa debuts Web3 loyalty program

As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.

By Tatiana Walk-Morris • Jan. 10, 2024

6 payments trends to watch in 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

By Lynne Marek , Caitlin Mullen , James Pothen • Jan. 9, 2024

Canadian payments firms chart US growth

Versapay and Brim Financial, both based in Toronto, have already lured U.S. customers, and are seeking to expand their clientele south of the border.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2023

Visa leans on fintech partners

Teaming with emerging fintechs is “a way of staying very, very relevant,” said Jim Schinella, Visa’s global head of digital partnerships.

By Caitlin Mullen • Dec. 20, 2023

Visa seeks majority stake in Mexico payments processor

The card network giant said it plans to purchase a controlling interest in Prosa, with banks retaining a minority stake, subject to regulatory approvals.

By Lynne Marek • Dec. 15, 2023

Tipalti investigating ransomware attack

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

By Matt Kapko • Dec. 5, 2023

Bill to cut 15% of workforce

The business payments software provider also said it’s closing its office in Sydney, Australia, as part of a broader restructuring.

By Caitlin Mullen • Dec. 5, 2023

Bill beats back Melio speculation

Payments software company Bill isn’t in the market for “transformational” M&A and is more likely to pursue “tuck-in technology” type purchases, President John Rettig said on Friday.

By Caitlin Mullen • Nov. 22, 2023

Wex CEO taps endurance to lead

Melissa Smith has led the payments software and services company for nearly a decade, navigating once-in-a-lifetime events and spearheading an aggressive acquisition strategy.

By Lynne Marek • Nov. 16, 2023

Affirm adds account to bolster card

The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said. 

By Caitlin Mullen • Nov. 15, 2023