Payment tech lifts construction venture funding

New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

By Sebastian Obando • Oct. 8, 2021

Green Dot sued after ditching $165M deal

The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

By Dan Ennis • Oct. 7, 2021

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

Spat erupts over postal banking pilot

Bank and trade groups derided the US Postal Service's new limited pilot program for financial services, but advocates say it could provide needed services for unbanked consumers and buttress USPS's operations.

By Anna Hrushka , Robin Bradley • Oct. 6, 2021

Rich payment startups target B2B market

Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

By Lynne Marek • Oct. 4, 2021

Fiserv to create New Jersey corporate tech hub

The Wisconsin-based payments giant will invest $105 million in the new Berkeley Heights corporate campus where it expects to employ about 3,000 workers.

By Tatiana Walk-Morris • Sept. 30, 2021

Visa to add big new office in Atlanta

The card behemoth said some of its top executives will move to the new Atlanta office, set to open next year and eventually host 1,000 employees.

By Lynne Marek • Sept. 29, 2021

Don't hold your breath for a US CBDC

Given the vast spectrum of American payment choices and slower U.S. digital advances, any central bank digital currency may be a long time coming. 

By Lynne Marek • Sept. 27, 2021

Square, PayPal mobile wallets attract funds

The payment companies have seen significant increases in the total amount of money stored on their mobile wallets, but individual accounts still hold relatively small sums.

By Lynne Marek • Sept. 24, 2021

PayPal, Robinhood play business-model musical chairs

PayPal is trying out a high-yield savings like Goldman Sach's Marcus and Robinhood is following Coinbase's lead on crypto wallets.

By Dan Ennis • Sept. 24, 2021

Fed won't go it alone on CBDC

At a press conference Wednesday, Federal Reserve Chairman Jerome Powell emphasized the need for the Fed to work with Congress and the Biden Administration in moving ahead on any cental bank digital currency.

By Lynne Marek • Sept. 23, 2021

Mastercard Executive Chairman to exit

Mastercard's long-time leader Ajay Banga will retire at the end of the year, leaving the card company in the hands of new CEO Michael Miebach.

By Lynne Marek • Sept. 22, 2021

Treasury sanctions crypto exchange Suex to thwart ransomware

While more legal measures await international cybercrime, the U.S. government is sending interim messages to ransomware gangs.

By Samantha Schwartz • Sept. 22, 2021

Airwallex raises $200M, targets US expansion

The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.

By Lynne Marek • Sept. 21, 2021

Payment industry racks up two more deals

The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.

By Lynne Marek • Updated Sept. 20, 2021

U.S. cash payment kiosks rise despite digital age

Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.

By Lynne Marek • Sept. 17, 2021

BNPL benefits from venture capital haul

Buy now-pay later companies raised a record $1.5 billion in funding last year — a 42% increase over 2019 — across 20 major investments, according to a CB Insights Report.

By Wendy Cole • Sept. 16, 2021

Goldman Sachs to acquire BNPL lender GreenSky for $2.24B

The deal will connect some 10,000 merchants, mainly in the home-improvement category, to Goldman's consumer-banking arm and allow them to use buy now-pay later financing options.

By Robin Bradley • Sept. 15, 2021

PayPal's Peggy Mangot sees vertical neobanks poised for growth

While mass-market neobanks continue to turn heads with user numbers and funding rounds, affinity neobanks are poised to experience their own market expansion soon, PayPal's venture arm executive said.

By Anna Hrushka • Sept. 14, 2021

Capital One beta-tests BNPL option, marking turnabout

Previously, the bank had barred customers last December from using its credit cards to clear buy-now-pay-later debt.

By Dan Ennis • Sept. 14, 2021

Global Payments kicks off $28B growth agenda

The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.

By Lynne Marek • Sept. 9, 2021

Mastercard to buy CipherTrace crypto security company

Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.

By Lynne Marek • Sept. 9, 2021

PayPal agrees to buy Paidy for $2.7B

The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.

By Lynne Marek • Sept. 8, 2021

NovoPayment sets sights on US market

NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.

By Lynne Marek • Sept. 8, 2021

JPMorgan to buy majority stake in Volkswagen's payments business

"One of the fastest-growing platforms is the connected car marketplace, whereby the car acts like a wallet for purchasing goods, services or subscriptions," a JPMorgan executive said.

By Anna Hrushka • Sept. 8, 2021

Mastercard to buy European open-banking company Aiia

The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.

By Lynne Marek • Sept. 7, 2021