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

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

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The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”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

Fiserv acquires Dutch payment company CCV

The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

By Patrick Cooley • March 19, 2025

Klarna seeks to flex advertising muscle

Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.

By Patrick Cooley • March 19, 2025

Brex strives for predictability after operational overhaul

After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.

By Gabrielle Saulsbery • March 18, 2025

Klarna to displace Affirm as Walmart BNPL provider

The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.

By Patrick Cooley • March 17, 2025

Block takes on payday lenders with Cash App

The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.

By Patrick Cooley • March 17, 2025

Klarna whittled workforce via AI ahead of IPO

The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

By Justin Bachman , Lynne Marek • March 16, 2025

Digital payments to exceed $33.5 trillion by 2030: report

Consumers are predicted to rely less on debit and credit cards and turn more to mobile wallets in the coming years, a Worldpay report predicts.

By Tatiana Walk-Morris • March 14, 2025

Payments firm ‘for sale’ signs pop up as buying interest swells

Payments players, including Green Dot and Flywire, have potentially put their businesses up for sale and larger companies have shown their appetite for acquisitions as an uncertain economy increases financial pressures.

By Lynne Marek • March 13, 2025

How PayPal is bolstering its branded business

The payments pioneer is counting on merchant tech upgrades, its buy now, pay later offering and Venmo to re-energize its flagship business, a top executive said this week.

By Lynne Marek • March 12, 2025

Fiserv CEO transition took only 10 days, CFO says

CEO Frank Bisignano quickly deemed his successor, Mike Lyons, ready to lead the payment processor, but don’t expect any strategy shifts, Fiserv’s CFO said.

By Justin Bachman • March 11, 2025

Green Dot considers sale as CEO exits

The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

By Lynne Marek • March 11, 2025

Sezzle pitches coupon feature to consumers and merchants

The discounting function will allow merchants to increase their products' exposure, the company says.

By Patrick Cooley • Updated March 7, 2025

Fiserv investors count on next CEO’s well-rounded resume

The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.

By Patrick Cooley • March 6, 2025

Online retailer Stitch Fix expands BNPL options

Stitch Fix is one of many retailers increasing buy now, pay later options. It added Affirm this week to a roster that also includes Klarna and Afterpay.

By Tatiana Walk-Morris • March 6, 2025

Checkout.com opens San Francisco office

The British digital payments company is expanding its U.S. presence after seeing revenue surge last year.

By Lynne Marek • March 5, 2025

PAR Technology fuels software strategy with acquisitions

The company has pivoted to a software strategy, by buying up other companies and building on its point-of-sale hardware beginnings.

By Lynne Marek • March 4, 2025