PayPal changes chairman, reduces board size

PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.

By Lynne Marek • July 26, 2024

Clair CEO backs CFPB rule proposal on EWA

Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.

By Lynne Marek • July 25, 2024

Explore the Trendline➔

Real-time payments are on the rise

As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

By Payments Dive staff

Visa CEO ‘strongly’ disagrees with class settlement ruling

The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.

By Lynne Marek • July 24, 2024

Fiserv to leverage artificial intelligence to help merchants

The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.

By Patrick Cooley • July 24, 2024

FTC demands pricing input from Mastercard, others

The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.

By Lynne Marek • July 23, 2024

Amex benefits from young cardholders’ spending

Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.

By Patrick Cooley • July 23, 2024

Fed fines Green Dot $44M over prepaid cards

The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.

By Gabrielle Saulsbery • July 23, 2024

Visa, Mastercard say CrowdStrike didn’t impact networks

Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

By Lynne Marek • July 22, 2024

How retailers can drive more sales by meeting the financing needs of more customers

Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.

July 22, 2024

JPMorgan Chase invests in B2B payments startup Slope

The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.

By Lynne Marek • July 19, 2024

Visa, OpenTable partner on dining perks program

The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.

By Tatiana Walk-Morris • July 19, 2024

Opponents of Capital One-Discover merger to air grievances

Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

By Patrick Cooley • July 18, 2024

Stripe leads the way to Q2 fundraising recovery

Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.

By Lynne Marek • July 17, 2024

Prepaid card spending accelerates

The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

By Patrick Cooley • July 16, 2024

Bolt advances strategy under new CEO

Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

By Lynne Marek • July 15, 2024

Mastercard updates travelers on latest card precautions

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

By Tatiana Walk-Morris • July 15, 2024

Self checkout boasts ‘record’ year: report

The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

By Tatiana Walk-Morris • July 12, 2024

Versapay plunges ahead with new C-suite team

The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

By Lynne Marek • July 11, 2024

Target to stop accepting personal checks

The retailer’s customers will still have six payment options after the change takes effect in about a week.

By Nate Delesline III • July 10, 2024

Klarna, Adobe partner on buy now, pay later services

The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.

By Tatiana Walk-Morris • July 9, 2024

Visa-Mastercard settlement generates thousands of claim conflicts

Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

By Lyle Moran • July 9, 2024

Congress members egg on US payments system expansion

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

By Lynne Marek • July 8, 2024

Discover to settle card class actions for $1.2B

The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

By Caitlin Mullen • July 8, 2024

NCR Voyix terminates staff across several units

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

By Brett Dworski • July 3, 2024

New York BNPL bill is dead, for now

Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

By Lynne Marek • July 2, 2024