Fiserv cuts deeper into workforce

Payment processing giant Fiserv pared more employees in recent weeks as the company seeks to boost profit margin growth amid economic turmoil.

By Caitlin Mullen • Oct. 11, 2022

Fed majority votes to finalize debit rule

In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.

By Lynne Marek • Oct. 4, 2022

Fiserv adds data service for large merchants

The payments processor’s new Carat point-of-sale offering aims to help big businesses optimize transaction data.

By Caitlin Mullen • Oct. 4, 2022

Durbin maps path for card bill

Sen. Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill.

By Lynne Marek • Oct. 3, 2022

Grocery, restaurant spending climbs: Mastercard

“Consumers are shifting their spending in the face of higher prices and a reinvigorated appreciation for experiences,” Mastercard said in a new report.

By Tatiana Walk-Morris • Oct. 3, 2022

Fintechs gain ground in merchant acquiring

New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.

By Caitlin Mullen • Oct. 3, 2022

Visa, Uber issue $1M in grants to small business owners

The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.

By Julie Littman • Sept. 30, 2022

DoorDash teams with Chase, Mastercard on credit card

Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

By Julie Littman • Sept. 27, 2022

Uber Eats integrates with Toast, Clover

The integrations will allow Uber Eats’ restaurant partners to onboard with both their POS provider and the delivery company much faster. 

By Julie Littman • Sept. 27, 2022

PNC buys restaurant point-of-sale firm Linga

The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

By Anna Hrushka • Sept. 27, 2022

QR code resurges for payments

“Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.

By Mike Storiale • Sept. 22, 2022

Profits slip for small businesses: survey

Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

By Tatiana Walk-Morris • Sept. 21, 2022

House lawmakers add credit card competition bill

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

By Caitlin Mullen • Sept. 20, 2022

Square adds services in Spanish

The Block-owned merchant platform debuted its Spanish-language tools in an effort to serve a bigger share of Hispanic-owned businesses in the U.S.

By Tatiana Walk-Morris • Sept. 19, 2022

Amex, Discover see lasting credit changes

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

By Caitlin Mullen • Sept. 15, 2022

Visa raises concerns on new gun code

Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.

By Lynne Marek • Sept. 14, 2022

Google invests in new cohort of Black entrepreneurs

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

By Tatiana Walk-Morris • Sept. 9, 2022

Mesh Payments raises $60M

The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

By Tatiana Walk-Morris • Sept. 8, 2022

U.S. adults using mostly cash drops sharply

Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.

By Debbie Carlson • Aug. 31, 2022

DailyPay releases card with Visa

The earned wage access provider introduced the new debit card after major changes in leadership earlier this year.

By Tatiana Walk-Morris • Aug. 23, 2022

Grubhub offers BofA cardholders loyalty program perk

The delivery company is working with outside companies to expand its reach by offering limited free membership in its GrubHub+ loyalty program.

By Julie Littman • Aug. 19, 2022

Payments fundraising slows down in Q2: PitchBook

Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

By Tatiana Walk-Morris • Aug. 19, 2022

Credit card alternatives rise

Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

By Caitlin Mullen • Aug. 18, 2022

Restaurant gift card sales dip

Restaurant gift card sales for the first half of this year were down about 2% over the period last year, according to software provider Paytronix.

By Caitlin Mullen • Aug. 17, 2022

Marqeta executive exodus follows IPO

Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

By Jonathan Berr , Lynne Marek • Aug. 17, 2022