Visa teams with SAP’s Taulia on embedded payments

The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.

By Tatiana Walk-Morris • March 14, 2024

Klarna’s IPO prospects grab spotlight

The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.

By Caitlin Mullen • March 13, 2024

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

PayPal, Mastercard add C-suite hires

Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.

By Lynne Marek • March 13, 2024

Stripe reports payments volume increase

The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.

By James Pothen • March 13, 2024

PayPal may axe straggler business units

On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

By Lynne Marek • March 12, 2024

Affirm CFO swears off auto lending, for now

The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

By Caitlin Mullen • March 12, 2024

Hertz taps Stripe for digital payments

The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.

By James Pothen • March 12, 2024

Visa spends ‘billions’ battling cybersecurity threats

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

By Lynne Marek • March 11, 2024

JPMorgan to launch biometric checkout next year

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

By Caitlin Mullen • March 11, 2024

IHG approves slew of hotel digital tipping solutions

The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.

By Noelle Mateer • March 11, 2024

Biden, Republicans clash over card fees

President Biden and Republican lawmakers sparred Thursday over credit card late fees, as some House members also challenged the Federal Reserve’s proposed cap on debit card fees.

By Lynne Marek • March 8, 2024

Capital One angles to push Discover upmarket

With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.

By Caitlin Mullen • March 7, 2024

PayPal CEO prioritizes bettering branded services

Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.

By Lynne Marek • March 7, 2024

Huck’s adds touchless payments for fleets

The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.

By Jessica Loder • March 6, 2024

BP to upgrade mobile app, POS system

The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.

By Brett Dworski • March 6, 2024

CFPB imposes $8 credit card late fee rate

The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases.

By Lynne Marek • March 5, 2024

Fiserv lines up FedNow clients

The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.

By Lynne Marek • March 5, 2024

Cash App enforcement action expected this year

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

By Lynne Marek • March 4, 2024

Mastercard, Fiserv execs take sides on debit regulation

A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.

By Caitlin Mullen • March 4, 2024

Klarna news may confirm workers’ worst fears: AI replacement

FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.

By Caroline Colvin • March 1, 2024

Affirm preps for UK launch

Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.

By Caitlin Mullen • March 1, 2024

Fiserv ponders M&A

CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.

By Caitlin Mullen • Feb. 29, 2024

App features bolster Zip’s US revenue growth

Gamified repayment and variable first installments were two features that CEO Cynthia Scott said contributed to the BNPL company’s U.S. revenue growth.

By James Pothen • Feb. 28, 2024

Amazon expands smart carts pilot

The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store.

By James Pothen • Feb. 27, 2024

Self-checkout promises ultimate convenience. Is it doing its job?

The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said. 

By Bryan Wassel • Feb. 26, 2024