Pavilion Payments plots growth

The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

By Caitlin Mullen • April 11, 2023

Walmart sues Capital One to end credit-card deal

Capital One failed to meet standards outlined in the contract, such as issuing replacement cards and promptly processing payments and posting transactions, Walmart alleged.

By Anna Hrushka • April 10, 2023

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

North American Bancard taps Virtualitics’ AI tech

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

By Tatiana Walk-Morris • April 7, 2023

Stripe’s growth slows

In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups. 

By Caitlin Mullen • April 6, 2023

Cash App founder dead after stabbing, police say

No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

By Gabrielle Saulsbery • April 5, 2023

BlackRock CEO knocks US payments system

The leader of one of the biggest asset managers in the world doesn’t think the U.S. payments system is keeping pace.

By Lynne Marek • April 5, 2023

EWS readies Paze to help banks take on digital wallet market

Even with the backing of the nation’s largest banks, the platform, set for a June launch, will have adoption and security hurdles to overcome to grab a slice of the digital wallet market, industry experts say.

By Anna Hrushka • April 3, 2023

FedNow gives banks a leg up against fintechs

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

By Carlos Kazuo Missao • April 3, 2023

Index Ventures partner talks fintech fundraising

An investor at a VC firm that’s backed payments players Adyen, Plaid and Wise says it’s the right environment “to craft interesting deals.” 

By Caitlin Mullen • March 31, 2023

FedNow eyes cross-border enhancements

The new real-time payments system from the Federal Reserve will arrive in July, and officials are already considering a cross-border upgrade.

By Lynne Marek • March 31, 2023

Block defends against short seller allegations

The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

By Caitlin Mullen • March 30, 2023

US remains a laggard in real-time payments: report

Though the U.S. lags behind other countries, the Federal Reserve is preparing to launch its own real-time payments infrastructure.

By Tatiana Walk-Morris • March 30, 2023

Synchrony mulls creating a digital wallet

The private label card company behind many retailers’ credit options may develop its own digital wallet, but for now it’s deferring to others’ wallets.

By Lynne Marek • March 29, 2023

Analysts call on Block to share anti-fraud details

Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

By Caitlin Mullen • March 29, 2023

Apple rolls out initial BNPL service

The tech giant delivered an initial version of its long-awaited buy now, pay later service for select U.S. users, with plans for a broader launch later this year.

By Lynne Marek • March 29, 2023

Credit card spending topped $13T last year: FIS report

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

By Tatiana Walk-Morris • March 28, 2023

Tandym adds retailers for rewards programs

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

By Lynne Marek • March 27, 2023

Visa says the recession is irrelevant at Merchant Risk Council 2023

Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.

By Ronen Shnidman • March 27, 2023

CFPB funding is constitutional, 2nd Circuit court rules

The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.

By Anna Hrushka • March 24, 2023

CFPB seeks to improve credit card transparency

The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

By Tatiana Walk-Morris • March 24, 2023

FedNow attracts real-time payments early adopters

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

By Lynne Marek • March 23, 2023

Bank failures could cause SMB credit crunch

The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.

By Anna Hrushka • March 22, 2023

Nacha CEO counts FedNow as competition

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

By Caitlin Mullen • March 21, 2023

Amex shareholders to vote on abortion-related proposal

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

By Caitlin Mullen • March 21, 2023

Apto Payments, Sardine team on anti-fraud tools

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

By Tatiana Walk-Morris • March 20, 2023