Real-time payments to make uneven progress, report predicts

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

By Lynne Marek • Oct. 7, 2024

Mastercard to buy Minna Technologies

The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

By Tatiana Walk-Morris • Oct. 2, 2024

Fiserv, Wells Fargo to end joint venture

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

By Patrick Cooley • Sept. 27, 2024

DailyPay to offer service outside US

Earned wage access provider DailyPay plans to begin offering its services outside the U.S. for the first time later this year.

By Lynne Marek • Sept. 23, 2024

Brex rolls out embedded payments tool

The fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

By Rajashree Chakravarty • Sept. 19, 2024

North American cashless payments to climb 7% by 2028: report

Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.

By Tatiana Walk-Morris • Sept. 12, 2024

U.S. Bank works to simplify SMB banking, payments

A recent survey by the bank is leading it to bring its payments and banking tools together to work for small and mid-size business clients in a more simplified way.

By Caitlin Mullen • Sept. 3, 2024

Aeropay targets pay-by-bank evolution in US

The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

By Lynne Marek • Aug. 26, 2024

Surcharging doesn’t have to be a bad word

“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.

By Nick Izquierdo • Aug. 23, 2024

Employers react to CFPB’s new stance on EWA

Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.

By Lynne Marek • Aug. 12, 2024

North American Bancard rebrands in bid to improve

The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

By Lynne Marek • Aug. 12, 2024

Flywire acquires Invoiced for $55M

By way of the latest deal, the software company seeks to further expand its international payments services for its business-to-business clientele.

By Tatiana Walk-Morris • Aug. 9, 2024

Payoneer targets growth with more acquisitions

CEO John Caplan is eyeing accounts payable acquisitions after refocusing the cross-border payments company on the business-to-business market.

By Lynne Marek • Aug. 8, 2024

Global Payments executive promoted to president, COO

Bob Cortopassi, who was tapped for the C-suite post Tuesday, has nearly 30 years of experience in the industry.

By Patrick Cooley • Aug. 6, 2024

PayPal CEO leans on big-name clients for growth

Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.

By Lynne Marek • July 30, 2024

Fiserv to leverage artificial intelligence to help merchants

The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.

By Patrick Cooley • July 24, 2024

JPMorgan Chase invests in B2B payments startup Slope

The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.

By Lynne Marek • July 19, 2024

Fiserv’s RNC visibility carries possible benefits, perils

Publicity for the Republican National Convention, at a venue bearing Fiserv’s name, may raise the company’s profile, but also risks associating the payments player with polarizing partisan rhetoric.

By Patrick Cooley • July 17, 2024

Bolt advances strategy under new CEO

Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

By Lynne Marek • July 15, 2024

BofA tackles digital payments pain points

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

By Maura Webber Sadovi • July 15, 2024

Payroc preps for more acquisitions, envisions potential IPO

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.

By Lynne Marek • July 10, 2024

Payments industry to use AI to detect fraud, improve efficiency

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

By Patrick Cooley • July 2, 2024

BNPL to shift toward larger-ticket expenses: CEO

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

By James Pothen • June 25, 2024

Rivals Adyen, Stripe partner with Capital One to combat fraud

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

By Patrick Cooley • June 10, 2024

Investments for payments startups trickle in

Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

By Lynne Marek • May 30, 2024