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

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

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

Congress members lob dueling gun code bills

Democratic and Republican Congress members took opposing stances this month in introducing bills on the use of a new gun merchant category code.

By Caitlin Mullen • Feb. 26, 2024

Cash-strapped consumers turn to BNPL: Fed survey

Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank. 

By Tatiana Walk-Morris • Feb. 23, 2024

Affirm sheds workers

The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

By Caitlin Mullen • Feb. 22, 2024

Mastercard to be dinged by Discover deal

While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.

By Lynne Marek • Feb. 21, 2024

Cross-border payments remain focus for Fed

Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

By Lynne Marek • Feb. 20, 2024

PayPal invests in AI startup Rasa

The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.

By Tatiana Walk-Morris • Feb. 20, 2024