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Bluefin, Visa pursue network tokenization
Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.
By Tatiana Walk-Morris • Jan. 24, 2023 -
Stripe, Amazon ‘deepening’ their tie
Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.
By Lynne Marek • Jan. 24, 2023 -
Explore the Trendline➔
Natalia Darmoroz via Getty ImagesTrendlineWhat comes next for payments in 2023?
The payments industry is expected to keep blazing this year in several promising segments of the market, even as less capital flowing to startups is likely to trigger more competition and consolidation.
By Payments Dive staff -
Big banks to launch digital wallet operated by Zelle parent: report
The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.
By Anna Hrushka • Jan. 24, 2023 -
International coalition pursues cross-border payments improvements
In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.
By Lynne Marek • Jan. 23, 2023 -
Earnings preview: Payments companies face up to 4Q
How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.
By Caitlin Mullen • Jan. 23, 2023 -
FIS director resigns after appointment last month
An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.
By Lynne Marek • Jan. 20, 2023 -
PayPal confirms data breach
Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.
By Matt Kapko • Jan. 20, 2023 -
Splitit targets tech assets for acquisition
Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.
By Suman Bhattacharyya • Jan. 19, 2023 -
Lightspeed cuts 300 jobs in restructuring
With the 10% workforce reduction, the Canadian merchant payment services company is reorganizing in a bid for profitability.
By Lynne Marek • Jan. 18, 2023 -
US payments startup funding cut in half last year
Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.
By Caitlin Mullen • Jan. 18, 2023 -
Wakefern unveils frictionless checkout pilot
The supermarket operator teamed with tech firm Trigo to open an autonomous convenience store at its New Jersey corporate campus.
By Catherine Douglas Moran • Jan. 18, 2023 -
How Parkland USA is bringing self checkout to its stores
The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.
By Jessica Loder • Jan. 17, 2023 -
Bank card spending volume slows
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
By Caitlin Mullen • Jan. 17, 2023 -
Affirm users jolted by multiple charges
The buy now, pay later provider said it encountered a “technical issue” that has now been resolved, with user transactions to be corrected at banks within a week.
By Lynne Marek • Jan. 13, 2023 -
Oracle jumps into payments for retailers
The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties.
By Lynne Marek • Jan. 13, 2023 -
These payments companies could be acquisition targets
With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.
By Caitlin Mullen • Jan. 12, 2023 -
Paya purchase bolsters Nuvei for economic downturn
With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.
By Lynne Marek • Jan. 11, 2023 -
Fintech funding tumbled in 2022
U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.
By Caitlin Mullen • Jan. 11, 2023 -
Amazon expands ‘Buy with Prime’ to all US merchants
With help from Saas platform BigCommerce, the e-commerce giant is even looping sellers outside its own marketplace into its ecosystem.
By Daphne Howland • Jan. 11, 2023 -
PayPal loses another finance executive
The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company.
By Lynne Marek • Jan. 10, 2023 -
Deep Dive
6 payments trends to watch in 2023
FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.
By Lynne Marek , Caitlin Mullen • Jan. 10, 2023 -
Will PayPal get a new CEO?
CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.
By Lynne Marek • Jan. 9, 2023 -
Durbin to reintroduce credit card competition bill
The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans.
By Lynne Marek • Jan. 6, 2023 -
Opinion
Can anything challenge ACH?
The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.
By Shamir Karkal • Jan. 6, 2023 -
Card industry’s fraud-fighting efforts pay off: Nilson Report
Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.
By Caitlin Mullen • Jan. 5, 2023