Affirm users jolted by multiple charges

The buy now, pay later provider said it encountered a “technical issue” that has now been resolved, with user transactions to be corrected at banks within a week.

By Lynne Marek • Jan. 13, 2023

PayPal, Visa team on faster cross-border payments

PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.

By Lynne Marek • Jan. 13, 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

These payments companies could be acquisition targets

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

By Caitlin Mullen • Jan. 12, 2023

Amex acquires B2B automation company Nipendo

The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market. 

By Caitlin Mullen • Jan. 12, 2023

Banks, fintechs battle over SBA’s proposal

Vice President Kamala Harris has said opening the SBA’s flagship lending program to fintechs would increase loans in underserved markets.

By Anna Hrushka • Jan. 11, 2023

Paya purchase bolsters Nuvei for economic downturn

With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

By Lynne Marek • Jan. 11, 2023

Fintech funding tumbled in 2022

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

By Caitlin Mullen • Jan. 11, 2023

6 payments trends to watch in 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

By Lynne Marek , Caitlin Mullen • Jan. 10, 2023

Recession-proofing a business starts in the accounts payable department

How AP Automation can help you survive and thrive during times of economic uncertainty.

Jan. 9, 2023

Extend targets hiring, expansion

The virtual corporate card and expense management services company plans to increase its workforce by 20% as it expands in the U.S. and abroad.

By Lynne Marek , Caitlin Mullen • Jan. 8, 2023

Durbin to reintroduce credit card competition bill

The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans. 

By Lynne Marek • Jan. 6, 2023

Can anything challenge ACH?

The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

By Shamir Karkal • Jan. 6, 2023

Card industry’s fraud-fighting efforts pay off: Nilson Report

Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

By Caitlin Mullen • Jan. 5, 2023

Clearing House, Swift appoint top executives

The companies tapped new leaders as they seek to build international cross-border payment systems amid rising global competition.

By Tatiana Walk-Morris • Jan. 5, 2023

Fed, OCC, FDIC issue joint warning on crypto risks

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

By Gabrielle Saulsbery • Jan. 4, 2023

Payments deals may climb in 2023

While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

By Lynne Marek • Jan. 4, 2023

Fiserv CEO lands pay raise in new contract

The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.

By Caitlin Mullen • Jan. 3, 2023

Toomey bill would put stablecoin oversight in OCC’s hands

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

By Gabrielle Saulsbery • Dec. 22, 2022

Investors press FIS, Fiserv for divestitures

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2022

Payments funding plummets in 2022

This year’s venture capital funding activity in payments paled in comparison to 2021’s record-setting year.

By Caitlin Mullen • Dec. 22, 2022

Discover hires new legal chief

Hope Mehlman will serve as chief legal officer and general counsel at the financial services company.

By Lyle Moran • Dec. 21, 2022

Card Competition Act skids toward 2023

With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year.

By Lynne Marek • Dec. 21, 2022

Job cuts piled up in payments this year

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

By Caitlin Mullen • Dec. 21, 2022

Billtrust appoints new CEO

The payments processing software company tapped Sunil Rajasekar for the top post as it moves forward under new ownership.

By Tatiana Walk-Morris • Dec. 20, 2022

Fiserv hired ‘thousands’ of workers this year, CEO says

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview. 

By Caitlin Mullen • Dec. 19, 2022