CFPB attacks credit card late fees

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

By Lynne Marek • Feb. 1, 2023

PayPal to cut 7% of its workforce

The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

By Lynne Marek • Jan. 31, 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

Jack Henry earnings grab spotlight

Customer appetite for Jack Henry's services is likely to attract analysts' attention in the upcoming earnings report.

By Caitlin Mullen • Jan. 31, 2023

Marqeta’s new CEO targets embedded finance

Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

By Lynne Marek • Jan. 31, 2023

Visa gets snarled in probes

The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”

By Lynne Marek • Jan. 30, 2023

Visa’s incoming CEO taps new team

Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.

By Lynne Marek • Jan. 30, 2023

Visa, Mastercard, Amex results buoyed by consumer spending

The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

By Lynne Marek • Jan. 27, 2023

FIS sees another director resign

A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations.

By Lynne Marek • Jan. 26, 2023

Warren calls for more regulation of crypto

The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry.

By Anna Hrushka • Jan. 26, 2023

Visa stands by crypto

At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

By Lynne Marek • Jan. 26, 2023

DailyPay lands $260M in debt financing

The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.

By Lynne Marek • Jan. 26, 2023

Retailer targets Mexican Americans for digital wallet

The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

By Gabrielle Saulsbery • Jan. 25, 2023

Why the Arizona AG opinion on EWA matters

“The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.

By Aaron Marienthal and Molly Jones • Jan. 24, 2023

Bluefin, Visa pursue network tokenization

Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.

By Tatiana Walk-Morris • Jan. 24, 2023

Stripe, Amazon ‘deepening’ their tie

Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.

By Lynne Marek • Jan. 24, 2023

Gemini cut another 10% of staff: report

The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.

By Gabrielle Saulsbery • Jan. 24, 2023

Paymentus to accept payments via Green Dot Network

Paymentus is tapping Green Dot’s network to extend the number of locations where it accepts cash bill payments from consumers.

By Tatiana Walk-Morris • Jan. 23, 2023

International coalition pursues cross-border payments improvements

In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

By Lynne Marek • Jan. 23, 2023

Earnings preview: Payments companies face up to 4Q

How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.

By Caitlin Mullen • Jan. 23, 2023

FIS director resigns after appointment last month

An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.

By Lynne Marek • Jan. 20, 2023

Splitit targets tech assets for acquisition

Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

By Suman Bhattacharyya • Jan. 19, 2023

Payoneer tees up Webster Bank exec for CFO

Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after current CFO Michael Levine steps away from the role.

By Grace Noto • Jan. 19, 2023

Flexible rent payment options gain ground

A growing number of companies are bringing buy now, pay later to the rental market as inflation drives up housing costs and renters struggle to pay on time.

By Robyn Griggs Lawrence • Jan. 18, 2023

US payments startup funding cut in half last year

Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.

By Caitlin Mullen • Jan. 18, 2023

Bank card spending volume slows

The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.

By Caitlin Mullen • Jan. 17, 2023