Deluxe payments business to overtake check-printing

The company is “transforming from a legacy check-printing company to a payments and data company," CEO Barry McCarthy said.

By Jonathan Berr • July 21, 2022

Payments funding, deal-making declines in Q2

Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.

By Lynne Marek • July 21, 2022

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

BNPL will evolve as providers tweak the model

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.”

By Brian Shniderman • July 20, 2022

Stake, Aliaswire target rental payment flows

The companies see millions of dollars of opportunity in offering new ways for management of rental payment flows.

By Lynne Marek • July 18, 2022

Bank of America fined $225M over 'botched' disbursement of unemployment benefits

The CFPB accused the bank of implementing a faulty fraud filter that would trigger an account freeze over a “simple set of flags.”

By Anna Hrushka • July 18, 2022

Stripe's valuation slashed as fintech rout continues

The company told employees Friday that its internal share price had fallen 27% to $29 from $40, The Wall Street Journal reported, citing unnamed sources.

By Jonathan Berr • July 15, 2022

CFPB's Chopra reminds payments players they're in his sights

In a blog post this week, the director reiterated that payments processors, credit card issuers and debt collectors are attracting scrutiny from his agency.

By Lynne Marek • July 14, 2022

FedNow chases real-time payments front-runners

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.

By Lynne Marek • July 14, 2022

Venture dollars for fintech drop, again

Fintech companies raised $20.4 billion over 1,225 deals in the quarter, the lowest number of deals and funding since the fourth quarter of 2020.

By Jonathan Berr • July 13, 2022

Banks and fintechs don't need to fight

“Rather than competing with one another, banks and fintechs are increasingly partnering,” writes Modern Treasury CEO Dimitri Dadiomov.

By Dimitri Dadiomov • July 12, 2022

Zip ditches Sezzle BNPL buyout

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.” 

By Lynne Marek • July 12, 2022

Mesh Payments pursues $50M in debt financing to support growth

The corporate spend management startup, which has raised $63 million in capital, is trying to balance “growing too fast and making sure we are not under-servicing our clients,” said CEO Oded Zehavi.

By Caitlin Mullen • July 12, 2022

Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars of value in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

Banks aren't doing enough to address Zelle fraud, senators say

Months after writing the CEO of Zelle’s parent company, Sens. Bob Menendez and Elizabeth Warren — with six other lawmakers signing on — are seeking information from seven banks with ownership stakes in the platform.

By Anna Hrushka • July 11, 2022

Fintech Philanthropi taps into giving surge

The startup, which channels charitable payments, is targeting financial services partners as it seeks to grow, potentially with a new capital infusion this year.

By Caitlin Mullen • July 8, 2022

Wyre ties to new MoneyGram crypto-cash services

The crypto payment company that partners with digital wallet providers said it’s providing its 15 million end-users worldwide with the ability to load or cash out of digital currencies.

By Tatiana Walk-Morris • July 6, 2022

Plastiq sees inflation boosting B2B card payment use

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.

By Caitlin Mullen • July 5, 2022

Meta to shutter Novi digital currency project Sept. 1

The company’s website tells users how to withdraw funds and access transaction data that they’ll lose access to once the Novi pilot ends. Meta, however, said it plans to use Novi’s technology in future projects.

By Dan Ennis • July 5, 2022

Congress takes on 'bro culture' in fintech

A congressional task force this week heard from fintech founders and venture capitalists about persistent inequities in funding for female- and minority-founded startups.

By Lynne Marek • July 1, 2022

From a payments CEO: 5 discriminatory behaviors that need to go

“Until the industry addresses this blatant lack of advocacy for women in leadership, it will continue to foster a culture where women can’t thrive,” says Stax CEO Suneera Madhani.

By Suneera Madhani • June 30, 2022

PayPal hit with Venmo fraud lawsuit

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.

By Caitlin Mullen • June 30, 2022

CFPB strikes at debt collector fees

In the federal agency's crusade against “junk fees," debt collectors’ fees for certain payments are now in its sights.

By Jonathan Berr • June 30, 2022

FTC sues Walmart over money transfer services

The federal agency said Tuesday that the big retailer allowed money transfer fraud that “fleeced customers out of hundreds of millions of dollars.”

By Lynne Marek • June 29, 2022

Fintech Amount cuts about 18% of workforce

The Chicago-based banking technology provider, valued at $1 billion last year, said this week it had pared 108 workers in what the company called “proactive adjustments.”

By Caitlin Mullen • June 28, 2022

PayPal launches small business credit card

The digital payments company is targeting small business owners as they seek credit financing and loans.

By Tatiana Walk-Morris • June 28, 2022