Marqeta expands embedded finance clientele

Embedded finance accounted for over half of fintech’s new bookings in the first half of 2023, and it’s lining up more clients for the service.

By James Pothen • Aug. 25, 2023

Affirm takes slow approach to card

After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.

By Lynne Marek • Aug. 25, 2023

Explore the Trendline➔

Cross-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

PayNearMe partners with Dollar General

The deal increases PayNearMe's retailer footprint by one-third, bringing the ability to pay bills in cash to more Americans.

By Gabrielle Saulsbery • Aug. 24, 2023

Why the CCCA is ‘ill-informed’

A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.

By James Shepherd • Aug. 24, 2023

Swift makes progress on some G20 cross-border payments goals

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

By Debbie Carlson • Aug. 24, 2023

FIS hires outsider for CFO

The mega-processor tapped a seasoned CFO, with experience from Walgreens and Kraft, to replace a company insider elevated to the role a year ago.

By Maura Webber Sadovi , Lynne Marek • Aug. 23, 2023

US check use for payments exceeds other countries: Fed

Although there has been a drop in U.S. check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed.

By Tatiana Walk-Morris • Aug. 22, 2023

ClassWallet draws $95M in funding

The company raised the money after government agencies and school districts lined up for its digital payments and fund management services.

By Tatiana Walk-Morris • Aug. 21, 2023

EWA advocates push back on Maryland guidance

At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

By Lynne Marek • Aug. 17, 2023

Sociable: Behind Musk’s X app payments vision

Elon Musk wants you to use his X app for all types of banking and payments. That will require a leap of faith from consumers.

By Andrew Hutchinson • Aug. 17, 2023

Discover ‘acting with urgency’ on Hochschild replacement

Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

By Caitlin Mullen • Aug. 17, 2023

Jack Henry & Associates trims workforce

The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

By Lynne Marek • Aug. 17, 2023

Consumer spending rose 4% in July: Fiserv

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

By Tatiana Walk-Morris • Aug. 16, 2023

Can PayPal’s incoming CEO jump-start profitable growth?

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

By Lynne Marek • Aug. 15, 2023

Zelle parent hires new CEO

Early Warning Services appointed a new CEO just as it's rolling out a new digital wallet and facing scrutiny from lawmakers and regulators.

By James Pothen • Aug. 15, 2023

Discover CEO Roger Hochschild resigns

The card issuer, facing an FDIC probe, appointed board member John B. Owen as interim CEO and president.

By Caitlin Mullen • Aug. 14, 2023

PayPal names Intuit exec as CEO

Long-time Intuit executive Alex Chriss will lead the digital payments pioneer and join its board, as Dan Schulman steps down and plans to leave the board.

By Lynne Marek • Aug. 14, 2023

How digital value is poised to transform payments

With the rising global adoption of digital payments, businesses that leverage digital value will better connect with customers and accelerate revenue growth.

Aug. 14, 2023

Discover finds tech upskilling model in Chicago hub

The card issuer looks at the Chatham call center and technology hub as a model for site selections, hiring procedures, customer service experience and community development.

By Lindsey Wilkinson • Aug. 11, 2023

T-Mobile, AT&T follow Verizon on discouraging credit cards for bill-pay

The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.

By Debbie Carlson • Aug. 10, 2023

New Fed unit to supervise crypto, nonbank partnerships

The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

By Anna Hrushka • Aug. 9, 2023

Flywire CFO to step down

The company and CFO Mike Ellis “have come to a mutual understanding that the next phase of growth for Flywire needs new leadership in the Finance, Global Treasury & Public Markets area,” a spokesperson said of Ellis’s exit.

By James Pothen • Aug. 9, 2023

Credit card debt tops $1 trillion

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

By Tatiana Walk-Morris • Aug. 9, 2023

Marqeta lands Block contract extension

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

By Caitlin Mullen • Aug. 9, 2023

Payments companies pursue AI

Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.

By James Pothen • Aug. 8, 2023