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

Explore the Trendline➔

Payments industry seeks to keep pace with fraudsters

As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

By Payments Dive staff

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

What a shooter’s payment choice reveals — or doesn’t

Whether or not the payment type behind an active shooter’s purchase of a gun means anything may be revealed in patterns.

By Lynne Marek • Aug. 8, 2023

PayPal launches stablecoin

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

By Caitlin Mullen • Aug. 8, 2023

Fintech Wisetack bets on bank partnerships for growth

Wisetack, which recently teamed up with Citizens, seeks to add more large bank partners to handle the lending aspect of its pay-over-time offering for the services industry.

By Caitlin Mullen • Aug. 7, 2023

Google adds Nelo to its digital wallet

The partnership allows Mexican payments platform Nelo to expand out of purely digital payments to in-person transactions via Google Wallet.

By James Pothen • Aug. 7, 2023

EWA study by Harvard spotlights worker input

Earned wage access provides financial assistance to users while trapping them in “short-term liquidity crunches,” according to a new report by Harvard University researchers.

By Tatiana Walk-Morris • Aug. 4, 2023

Block shutters some European operations

The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.

By Caitlin Mullen • Aug. 4, 2023

Flutterwave expands cross-border payments to US, Canada

This is the payments company’s fourth move to expand its international business this summer.

By James Pothen • Aug. 4, 2023

Former Google Cloud CFO heads to Stripe

The transition to a new CFO comes at a time when the digital payments company might be gearing up to go public.

By Alexei Alexis • Aug. 3, 2023

PayPal closes in on new CEO

Digital payments titan PayPal is nearing a decision on who will be its next CEO, with the company circling a short list of candidates.

By Lynne Marek • Aug. 3, 2023

Stax names new CEO

New CEO Paulette Rowe was previously at cross-border digital payments company Paysafe. Stax’s sister-brother co-founders exited quietly earlier this year.

By Caitlin Mullen • Aug. 3, 2023

Senate ‘making good progress’ on pot banking bill, Schumer says

There may be bipartisan agreement on SAFE Banking’s goal to help the cannabis industry enter the banking fold, but lawmakers are reportedly haggling over some of the bill’s details.

By Anna Hrushka • Aug. 2, 2023

FIS, Fiserv revenue growth slows in banking

For both mega-processors, sluggish revenue in their banking segment is causing a drag on overall revenue growth.

By Lynne Marek • Aug. 2, 2023

RTP takes on FedNow

As the only two real-time payments rails in the U.S., the rivalry between RTP and FedNow could get intense, but maybe not.

By Lynne Marek • July 31, 2023

Fiserv racks up merchants for pay-by-bank services

The Federal Reserve’s new instant payments system is driving more merchant interest in pay-by-bank capabilities for consumers, a Fiserv executive said.

By Caitlin Mullen • July 31, 2023

It’s time for a new payday approach

“It's time to question whether this traditional approach to paying employees is still the most efficient and equitable,” writes one earned wage access CEO.

By Kevin Coop • July 28, 2023

Wex acquires Ascensus unit for $180M

In addition to the Ascensus health and benefits unit purchase, Wex said it will invest up to $100 million in a new venture arm.

By Lynne Marek • July 28, 2023

Mastercard waits on FedNow

While Mastercard participates in real-time payment systems in other countries, it’s holding back for now on the new U.S. instant payments network.

By Lynne Marek • July 27, 2023

Fiserv bets on Latin America

“Latin America has been a standout grower in recent quarters, and we believe it can remain so for the long term,” Fiserv CEO Frank Bisignano said Wednesday during an earnings call.

By James Pothen • July 27, 2023

PayPal deepens Microsoft partnership

In an expansion of a prior tie, software colossus Microsoft will increase the ways customers can use PayPal tools to purchase goods and services.

By Lynne Marek • July 26, 2023

Visa CEO bashes surcharges

“It’s not a great customer experience,” Visa CEO Ryan McInerney said of merchant surcharges, while speaking on an earnings webcast Tuesday.

By Lynne Marek • July 26, 2023

Apple Pay Later makes gains: survey

Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.

By James Pothen • July 25, 2023