Mastercard courts community banks

The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.

By Lynne Marek • March 20, 2025

Corpay CAO steps up as CFO exits for nonprofit

Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.

By Maura Webber Sadovi • March 19, 2025

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

Fiserv acquires Dutch payment company CCV

The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

By Patrick Cooley • March 19, 2025

Klarna seeks to flex advertising muscle

Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.

By Patrick Cooley • March 19, 2025

Affirm executive joins crypto firm Gemini as CFO

Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.

By Grace Noto • March 19, 2025

Brex strives for predictability after operational overhaul

After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.

By Gabrielle Saulsbery • March 18, 2025

Trump Organization lawsuit raises questions about Capital One-Discover deal

Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

By Justin Bachman • March 18, 2025

Northern Trust exec: Crypto rule changes may ease tokenization

Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

By Gabrielle Saulsbery • March 18, 2025

Klarna to displace Affirm as Walmart BNPL provider

The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.

By Patrick Cooley • March 17, 2025

Block takes on payday lenders with Cash App

The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.

By Patrick Cooley • March 17, 2025

Scaling payments for global growth: Why payment orchestration is the future

How global businesses are expanding their payment operations worldwide while optimizing for performance.

By Brady Harris CEO • March 17, 2025

Klarna whittled workforce via AI ahead of IPO

The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

By Justin Bachman , Lynne Marek • March 16, 2025

Retail, crypto groups converge to back stablecoin legislation

The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

By Lynne Marek • March 14, 2025

Discover Financial alum takes Wells Fargo IT role

A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

By Matt Ashare • March 14, 2025

Citi pursues partnerships to elevate its pay-over-time tool

The bank doesn’t need partnerships for its credit card customers to access the financing service, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

By Caitlin Mullen • March 13, 2025

Payments firm ‘for sale’ signs pop up as buying interest swells

Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.

By Lynne Marek • March 13, 2025

Stablecoin company Mesh raises $82M

Some of the funding was settled using PayPal’s stablecoin and will be used to build a global platform to transfer stablecoins, the company said.

By Patrick Cooley • March 13, 2025

Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.

By Caitlin Mullen • March 13, 2025

Green Dot considers sale as CEO exits

The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

By Lynne Marek • March 11, 2025

Papaya Global adds Citi as partner

The payroll and payments services provider that has been working with JPMorgan Chase now calls Citibank a sponsor as well.

By Lynne Marek • March 10, 2025

Digital asset use could buttress financial inclusion

While digital ledger technology could be used to reach unbanked or underbanked consumers, widespread adoption faces obstacles, a new report suggests.

By Tatiana Walk-Morris • March 10, 2025

Killing the CFPB would create a vacuum, former insider says

Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.

By Justin Bachman • March 7, 2025

Fiserv investors count on next CEO’s well-rounded resume

The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.

By Patrick Cooley • March 6, 2025

Banks say court’s ‘novel’ ruling upends wire transfer business

The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.

By Justin Bachman • March 5, 2025

Trump names coins in strategic crypto reserve

Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

By Gabrielle Saulsbery • March 4, 2025