Global Payments CEO reshapes the business

The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

By Lynne Marek • Sept. 11, 2024

PayPal seeks to attract users offline

The digital payments pioneer is leaning on cashback rewards to attract more consumer use in stores, and will also tap near-field technology to expand.

By Lynne Marek • Sept. 10, 2024

Explore the Trendline➔

Real-time payments are on the rise

As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

By Payments Dive staff

Amex taps troves of customer data

American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.

By Patrick Cooley • Sept. 10, 2024

Discover’s top lawyer leaves for Ally

Hope Mehlman is expected to take her new Ally role on Dec. 2, even as Discover faces high legal hurdles in completing an acquisition of its business by Capital One.

By Patrick Cooley • Sept. 9, 2024

The fintech CEO who is becoming a frequent flier with SpaceX

On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

By Justin Bachman • Sept. 9, 2024

Visa to upgrade pay-by-bank service in UK next year

The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.

By Patrick Cooley , Lynne Marek • Sept. 6, 2024

Ex-Discover exec alleges age, gender bias in lawsuit

Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.

By Caitlin Mullen • Sept. 5, 2024

CFPB’s EWA rule may undo progress

“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional. 

By Adam Kovacevich • Sept. 5, 2024

CFPB slammed with EWA commentary

The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal and it got an earful.

By Lynne Marek • Sept. 4, 2024

Viral JPMorgan Chase glitch is ‘fraud, plain and simple,’ bank says

Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.

By Gabrielle Saulsbery • Sept. 4, 2024

Paysafe taps FIS alum for CFO amid growth pivot

The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.

By Grace Noto • Sept. 4, 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

PayPal joins group investing $15M in Brazilian startup

The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in Brazil.

By Tatiana Walk-Morris • Aug. 30, 2024

Earned wage access: Following states that have passed laws, or have legislation pending

States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.

By Lynne Marek • Aug. 30, 2024

Fed official questions faster cross-border payments ties

Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.

By Lynne Marek • Aug. 29, 2024

MoneyGram, Adyen add chief technology officers

The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.

By Lynne Marek • Aug. 28, 2024

CFPB chides retailers on fees for cash back

The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.

By Lynne Marek • Aug. 27, 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

Consumers tap credit cards, loans to manage inflation: Fed report

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

By Tatiana Walk-Morris • Aug. 26, 2024

Fed’s Waller eggs on payments research

Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.

By Tatiana Walk-Morris and Lynne Marek • Aug. 23, 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

Amex, Flutterwave partner in Nigeria

The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.

By Patrick Cooley • Aug. 22, 2024

U.S. Bank buys healthcare payments firm

The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.

By Lynne Marek • Aug. 22, 2024

Marqeta isn’t a ‘single-trick pony,’ CEO says

The embedded finance firm’s partnerships with Varo Bank, Affirm, Visa and Zoho and its new office launch in Warsaw, Poland, underscore the expansion of the payment platform's market presence.

By Rajashree Chakravarty • Aug. 22, 2024

EWA providers crusade against CFPB rule proposal

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

By Lynne Marek • Aug. 21, 2024