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

Explore the Trendline➔

What comes next for payments in 2023?

The payments industry is expected to keep blazing this year in several promising segments of the market, even as less capital flowing to startups is likely to trigger more competition and consolidation.

By Payments Dive staff

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

Circular Board, Mastercard unveil small business card

As a slew of fintechs try to capture small business customers, Circular Board’s Hello Alice brand is targeting entrepreneurs from marginalized backgrounds.

By Tatiana Walk-Morris • Aug. 16, 2022

Square integrates with digital signage provider Raydiant

New digital integrations could differentiate Block-owned Square within an increasingly competitive point-of-sale and fintech category.

By Alicia Kelso • Aug. 15, 2022

Toast gets growth spurt in restaurant payments

The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

By Lynne Marek • Aug. 11, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

PayPal takes new direction with Elliott

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

By Lynne Marek • Aug. 3, 2022

Legislation aimed at Visa, Mastercard lands

A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.

By Lynne Marek • July 29, 2022

Card CEOs react to macroeconomic threats

Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.

By Caitlin Mullen , Lynne Marek • July 29, 2022

Mastercard earnings get cross-border lift

“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

By Caitlin Mullen • July 28, 2022

Visa's 3Q results defy recession talk

Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.

By Lynne Marek • July 27, 2022

Amex raises growth projections

The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.

By Caitlin Mullen • July 22, 2022

Restaurant payments app Sunday cuts staff, exits markets

The startup, which launched just 16 months ago, will pull out of four of its seven markets to focus on the U.S., U.K. and France. 

By Emma Liem Beckett • July 17, 2022

Toast acquires restaurant tech partner Sling

Restaurant software company Toast has added to its menu of tools for clients by acquiring Sling, which helps food establishments manage worker scheduling and communication.

By Lynne Marek • July 7, 2022

Oracle adds restaurant payment acceptance

By partnering with Dutch payments processor Adyen for the new service, Oracle aims to become a one-stop shop for restaurants, an industry analyst said.

By Caitlin Mullen • July 1, 2022

BurgerFi and Anthony's launch co-branded Visa rewards card

The card offers customers 3% cashback on all purchases at any of the restaurant brands’ 185 locations.

By Alicia Kelso • June 28, 2022