Mastercard preps for China business

The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.

By Lynne Marek • Feb. 1, 2024

Blackhawk Network to buy Tango Card

Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

By Caitlin Mullen • Feb. 1, 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

Colorado lawmakers seek to require gun code use

Democratic legislators in the state have introduced a bill that’s similar to the law California passed last year requiring use of a gun merchant category code. 

By Caitlin Mullen • Jan. 31, 2024

What’s ahead for payments in 2024

The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely. 

By Lynne Marek • Jan. 31, 2024

PayPal to cut 9% of workforce to bolster efficiency

The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.

By Lynne Marek • Jan. 30, 2024

Pardon the Disruption: Self-checkout needs a better strategy, not just better tech

Contrary to recent reports, grocers aren’t pulling machines from their stores in droves. But they know there’s significant work to be done to improve the experience and reduce shrink.

By Jeff Wells • Jan. 30, 2024

Payments regulation and legislation abound in 2024

Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

By Lynne Marek • Jan. 30, 2024

NY may drive out BNPL firms: attorneys

If the state’s buy now, pay later legislation passes, new requirements piling on additional compliance burdens may lead some providers to pull their operations in New York, attorneys said. 

By Caitlin Mullen • Jan. 30, 2024

Visa debit payments growth slows

The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.

By Lynne Marek • Jan. 29, 2024

Mastercard, TCH to enhance RTP network

The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said. 

By Tatiana Walk-Morris • Jan. 29, 2024

Customer demand ebbs for Amex

Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.

By Caitlin Mullen • Jan. 26, 2024

Rivals may chase Fiserv special bank charter lead

If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

By Caitlin Mullen • Jan. 25, 2024

PayPal floats service enhancements

PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.

By Lynne Marek • Jan. 25, 2024

Credit card delinquencies rise, especially for low-income earners

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report. 

By Tatiana Walk-Morris • Jan. 24, 2024

Klarna adds subscription plan

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

By Caitlin Mullen • Jan. 24, 2024

Synchrony to buy Ally’s POS lending unit

“This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.”

By Rajashree Chakravarty • Jan. 23, 2024

Payments startups face pivotal year

Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.

By Caitlin Mullen • Jan. 23, 2024

Fed extends comment period on debit card fee proposal

The Federal Reserve extended the time period during which it will accept public comments on its proposal to reduce the cap on debit card fees.

By Lynne Marek • Jan. 23, 2024

Choice Market bets on automation for stores

AWM will provide automated checkout technology to the Denver-based convenience retailer as part of plans for adding Mini-Mart c-stores nationwide.

By Jessica Loder • Jan. 22, 2024

Congressional card bill won’t yield benefit

If it were to pass, the Credit Card Competition Act proposal would result in additional costs without any gains, argues one payments industry consultant.

By Ken Musante • Jan. 22, 2024

Credit card surcharge bills lurk in state legislatures

The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.

By Lynne Marek • Jan. 19, 2024

Payments M&A poised to rise this year

Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.

By Caitlin Mullen • Jan. 18, 2024

Visa picks fintech startups for accelerator

A debt repayment app startup and a small business lender are among the U.S. startups selected by the card network and its partner this year.

By Tatiana Walk-Morris • Jan. 17, 2024

Amazon, Andreessen Horowitz seek exemptions on proposed CFPB rule

The e-commerce giant and investment firm asked for carve-outs for Amazon Pay and non-fungible tokens, respectively.

By James Pothen • Jan. 17, 2024

X gains money transmitter approval in Utah

X has been collecting money transmitter approvals in recent months to launch peer-to-peer payments in the app.

By Andrew Hutchinson • Jan. 17, 2024