Visa pledges $1B investment in Africa

The largest U.S. credit card network plans to make the investment over the next five years in a "commitment to Africa’s growth potential.”

By Lynne Marek • Dec. 14, 2022

Why real-time payments make sense today

The impact real-time payments could have on customers and providers alike should not be ignored — especially in the face of an impending recession, writes a fintech co-founder.

By Justin Adler • Dec. 14, 2022

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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

BofA analysts downgrade Affirm, Discover, Synchrony

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

By Caitlin Mullen • Dec. 14, 2022

Jack Henry CEO jabs at rivals

The CEO of the payments and technology services company asserted that sales are strong and the pipeline for future business is steady, despite slowdowns at rivals.

By Lynne Marek • Dec. 12, 2022

SEC calls for disclosure on crypto risks

The collapse of FTX has slammed scores of creditors, prompting SEC concerns that companies may suffer losses from direct or indirect links to crypto markets.

By Jim Tyson • Dec. 12, 2022

QuickBooks highlights fintech solutions powering small business cash flow at annual QuickBooks Connect

The annual QuickBooks Connect event explored fintech innovations improving small business cash flow.

Dec. 12, 2022

How payments will advance after the crypto crisis

At Northern Trust, which one day expects to custody digital assets, a top executive offers views on payments and digital assets evolving beyond the crypto crisis.

By Lynne Marek • Dec. 9, 2022

Payments will evolve with digital banking

“Rather than basic capabilities, consumers want a complete digital banking experience,” a payments firm professional writes. “They want access to all of the buzzworthy features.”

By John Mitchell • Dec. 9, 2022

Galileo launches BNPL for financial firms

The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

By Tatiana Walk-Morris • Dec. 9, 2022

Discover pulls back on debit product

The card company has suspended applications for its checking and cashback debit product due to instances of fraud, its CEO said this week.

By Caitlin Mullen • Dec. 8, 2022

Plaid cuts 260 employees

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

By Dan Ennis • Dec. 7, 2022

FIS cost-cutting plans may expand

Payments technology company FIS aims to cut at least $500 million in costs as its beats back rising employee expense and a difficult economic environment.

By Lynne Marek • Dec. 7, 2022

Fiserv stands by profit margin expansion target

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

By Caitlin Mullen • Dec. 7, 2022

Visa CEO’s pay dipped to $28M this year

The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.

By Lynne Marek • Dec. 7, 2022

Circle’s $9B SPAC deal falls apart

The stablecoin issuer and the blank-check company that had hoped to take it public terminated their agreement over the wait for SEC approval.

By Dan Ennis • Dec. 6, 2022

TIB taps Jack Henry for tech refresh

As it aims to compete with bigger financial institutions, the bank TIB picked Jack Henry to provide it with a technology infrastructure upgrade. 

By Tatiana Walk-Morris • Dec. 6, 2022

Shift4 buys European payments provider for $126M

The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

By Caitlin Mullen • Dec. 5, 2022

Panel blasts fintechs for missing PPP fraud

Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday.

By Anna Hrushka • Dec. 2, 2022

Affirm mulls consumer, merchant fee increases

The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

By Lynne Marek • Dec. 2, 2022

Credit card delinquencies, charge-offs climb

Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

By Lynne Marek • Dec. 1, 2022

Amex debuts B2B payments system

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

By Tatiana Walk-Morris • Dec. 1, 2022

FIS, Fiserv could benefit from credit legislation

Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

By Caitlin Mullen • Nov. 30, 2022

ACI charts 15% rise in holiday e-commerce

The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

By Lynne Marek • Nov. 30, 2022

Visa growth tapers in October, November

The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

By Lynne Marek • Nov. 29, 2022

Banks discuss refund rule for customers defrauded on Zelle: report

Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.

By Anna Hrushka • Nov. 28, 2022