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

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

BNPL faces tough economic challenges

Evidence suggests that BNPL borrowers are increasingly having trouble paying off their loans, based on a report from one analyst who follows the U.S. buy now-pay later provider Affirm.

By Jonathan Berr • June 27, 2022

Mastercard expands sonic branding with 'Priceless' album

The multi-artist album, a first-time marketing move by the card company, features original songs that incorporate Mastercard’s brand sound.

By Chris Kelly • June 22, 2022

Discover eyes benefits of downturn

As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.

By Caitlin Mullen • June 21, 2022

Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'

The mega-retailer is the exclusive partner on a new Roku feature that allows people to purchase products by clicking on ads with their remote.

By Peter Adams • June 17, 2022

Grubhub adds instant pay option for delivery drivers

Food delivery company GrubHub will make an instant payout option available to its couriers, with an assist from PayPal and Visa, so drivers can deposit earnings to a debit card.

By Alicia Kelso • June 15, 2022

Toast heats up restaurant payments competition

As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say.

By Jonathan Berr • June 8, 2022

Amex isn't afraid of inflation

American Express CEO Steve Squeri is bullish on his cardholders' financial health and the broader economic situation, saying Thursday he expects inflation to moderate in 2023.

By Caitlin Mullen • June 3, 2022

Block offers Apple tap-to-pay for merchants

Block wants to attract more business clientele as fintech firms experience economic volatility. Offering tap-to-pay on the iPhone advances that goal.

By Tatiana Walk-Morris • June 3, 2022

NMI aims to equip banks with modern payments tech

As banks try to fend off competition from fintechs in merchant acquiring and processing, payments gateway NMI aims to capitalize by offering to bolster their services.

By Caitlin Mullen • June 1, 2022

Adyen targets North America for growth

Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

By Lynne Marek • May 27, 2022

SoundHound, Square launch tool for restaurant orders

The voice app company SoundHound AI is rolling out a service for restaurants with Block's Square that answers phone calls, takes  orders, accepts modifications and sends confirmations to complete payments.

By Alicia Kelso • May 19, 2022

Restaurant payments startup SpotOn raises $300M

SpotOn plans to use the capital to develop new products and services, the San Francisco-based company said. The funding round was led by Dragoneer Investment Group. 

By Jonathan Berr • May 19, 2022

Block bets on bitcoin

“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.

By Caitlin Mullen • May 18, 2022

Are restaurant operators eating too many fees?

"I’ve been disappointed to see how the payments industry is constantly looking for ways to profit off of small businesses in sneaky ways," says Copper CEO Dickson Chu.

By Dickson Chu • May 16, 2022

Three US cash trends persist, Fed report says

The COVID-19 pandemic led U.S. consumers to change up their payment habits, but three long-term cash trends have mainly persisted, according to a Federal Reserve Bank report issued this month.

By Lynne Marek • May 16, 2022

Fed delivers mixed credit card data

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated.

By Jonathan Berr • May 12, 2022

VizyPay carves out a niche catering to rural America

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses.

By Caitlin Mullen • May 11, 2022