Spire pushes pay-by-bank model

Direct bank payments at the point of sale will become more attractive to merchants through a Discover Financial tie, the CEO says.

By Justin Bachman • April 17, 2025

Pay-by-bank should offer perks: Deloitte

Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.

By Patrick Cooley • April 17, 2025

Explore the Trendline➔

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

FIS, Global Payments agree to Worldpay deal

Fidelity National Information Services and Global Payments unveiled a deal Thursday in which FIS plans to buy the latter’s issuer business and sell its Worldpay stake. 

By Lynne Marek • April 17, 2025

Shazam sheds merchant services to focus on debit

 The network company divested its merchant services portfolio this month to concentrate on its core business.

By Lynne Marek • April 16, 2025

Klarna partners with Fiserv’s Clover

A recently signed deal will bring Klarna’s installment loans to Clover checkout at merchants across the U.S.

By Patrick Cooley • April 16, 2025

Worldpay delivers payments industry insights in DC

Executives of the merchant services company visited Capitol Hill this month to connect with congressional staffers and share their views on payments.

By Lynne Marek • April 15, 2025

Credit card 90-day delinquencies rise to record: report

The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.

By Patrick Cooley • April 15, 2025

How one startup coordinates your payments

Payments orchestration is an increasingly critical task as merchants seek cost efficiencies and the ability to add new payment alternatives and technologies.

By Justin Bachman • April 11, 2025

PayPal, Block and others face recession risk: analysts

As President Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.

By Lynne Marek • April 10, 2025

PayPal’s Xoom, Tencent partner on cross-border payments

The deal provides another avenue for customers seeking to send remittances to Chinese consumers.

By Tatiana Walk-Morris • April 10, 2025

Fiserv acquires Australian payment facilitator Pinch

The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.

By Patrick Cooley • April 9, 2025

Fiserv says US trade war could harm demand

The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.

By Patrick Cooley • April 8, 2025

Durbin rounds up CCCA support

The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.

By Lynne Marek • April 4, 2025

Debit cards top Fed’s fraud troubles list: survey

Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.

By Tatiana Walk-Morris • April 4, 2025

Visa, Mastercard have edge over Amex for Apple: analyst

As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.

By Lynne Marek • April 3, 2025

Fiserv promotes Takis Georgakopoulos to COO

Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.

By Patrick Cooley • April 2, 2025

Discover CEO may reap $2.4M bonus

Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.

By Lynne Marek • March 31, 2025

Affirm COO: Walmart deal was “uneconomic”

Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.

By Patrick Cooley • March 31, 2025

Swipe fee foes find legislative support in almost a dozen states

The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

By Justin Bachman • March 28, 2025

CFPB nixes filing in case tied to Electronic Funds Transfer Act

The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

By Gabrielle Saulsbery • March 27, 2025

Block shrinks workforce 8%

The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

By Patrick Cooley • March 27, 2025

Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

By Lynne Marek • March 25, 2025

Affirm, other BNPL players ratchet up credit bureau reporting

At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

By Patrick Cooley • March 24, 2025

Retailers push payment modernization

A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.

By Xanayra Marin-Lopez • March 21, 2025

Discover cards now accepted at Airwallex merchants

A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.

By Patrick Cooley • March 20, 2025