CFPB slaps warning on P2P

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

By Lynne Marek • June 2, 2023

Discover relaunches debit account

After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

By Caitlin Mullen • June 2, 2023

Explore the Trendline➔

Fraud concerns mount as verifying identities becomes harder

Criminals are increasingly taking on false identities to persuade victims to send them payments in email, payroll and vendor scams.

By Payments Dive staff

Google aims to bulk up wallet

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

By Lynne Marek • June 1, 2023

Flywire shops for bigger acquisitions

The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

By Caitlin Mullen • June 1, 2023

Worldpay taps Affirm for BNPL

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout. 

By Tatiana Walk-Morris • June 1, 2023

ACI appoints new CEO

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

By Lynne Marek • May 31, 2023

Payments cost-cutting could fuel M&A: investor

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

By Caitlin Mullen • May 31, 2023

FIS CEO sizes up competition

CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

By Lynne Marek • May 31, 2023

Marqeta shuts down Australia operations

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

By Lynne Marek • May 30, 2023

Consumers use cash to forget, study shows

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

By Caitlin Mullen • May 30, 2023

Consumers, businesses gravitate to faster, mobile payments

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

By Lynne Marek • May 26, 2023

Debit network players gear up for July

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

By Caitlin Mullen • May 26, 2023

Levchin downplays Apple threat

Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

By Caitlin Mullen • May 25, 2023

Citizens Bank to pay $9M to settle disputed-charge suit

The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

By Dan Ennis • May 24, 2023

Cash App pursues older, affluent customers

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

By Caitlin Mullen • May 24, 2023

Venmo to launch teen account

The move is part of PayPal’s plan to lean on Venmo to lure more users.

By Tatiana Walk-Morris • May 23, 2023

Credit popularity doesn’t displace cash: Fed report

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

By Caitlin Mullen • May 23, 2023

Worldpay spin-off hands FIS mixed bag

The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

By Lynne Marek • May 18, 2023

PayPal considers Xoom sale: report

The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

By Lynne Marek • May 17, 2023

Card debt weighs on consumers

First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

By Caitlin Mullen • May 16, 2023

Catch chases in-store opportunity

Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

By Caitlin Mullen • May 15, 2023

Discover pursues ESG goals

The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

By Tatiana Walk-Morris • May 12, 2023

Convenience chain adds Amazon palm pay

Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

By Jessica Loder • May 11, 2023

Affirm, FICO to create BNPL credit-scoring model

The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

By Caitlin Mullen • May 10, 2023

Marqeta to cut workforce by 15%

The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

By Lynne Marek • May 10, 2023