Square apologizes for last week’s outage

Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

By Caitlin Mullen • Sept. 14, 2023

Discover shares pricing error findings with regulators

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

By Caitlin Mullen • Sept. 13, 2023

Explore the Trendline➔

Embedded payment tools make inroads

Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

By Payments Dive staff

Stax CEO zeroes in on embedded payments

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

By Caitlin Mullen • Sept. 12, 2023

CCCA backers target vote this year

Supporters of the proposed Credit Card Competition Act say Republican Sen. Roger Marshall foresees a Senate vote on the legislation this year.

By Lynne Marek • Sept. 12, 2023

PayPal CEO stresses stablecoin potential

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

By Lynne Marek • Sept. 11, 2023

Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

By Caitlin Mullen • Sept. 11, 2023

Medical credit cards ‘exploit loopholes’ in healthcare debt protection, report finds

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

By Sydney Halleman • Sept. 11, 2023

Convenience store company credits ‘improved labor situation’ to AI-powered self-checkout

The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.

By Brett Dworski • Sept. 8, 2023

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

By James Pothen • Sept. 8, 2023

Block CFO details Square’s revamped sales approach

Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.

By Caitlin Mullen • Sept. 7, 2023

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

By Tatiana Walk-Morris • Sept. 7, 2023

Mastercard CEO counters WSJ fee increase story

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

By Lynne Marek • Sept. 6, 2023

Shopify integrates Buy with Prime feature

In a move that alters the companies' relationship, competitors Shopify and Amazon partnered to give Prime customers the payment option.

By Tatiana Walk-Morris • Sept. 6, 2023

Visa leans into stablecoin efforts

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

By Lynne Marek • Sept. 5, 2023

Andreessen Horowitz circles healthcare payments

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

By Rebecca Pifer • Sept. 1, 2023

Durbin, Marshall lambaste card fee increases

Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

By Lynne Marek • Sept. 1, 2023

Klarna narrows first-half loss

The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.

By Caitlin Mullen • Aug. 31, 2023

Grubhub, Amazon team on automated campus convenience store

Students at the Loyola University Maryland store will scan a QR code in the food delivery app to enter the frictionless shop and pay for items.

By Jessica Loder • Aug. 31, 2023

Google joins OpenWallet Foundation

"We look forward to working closely with other OWF members to advocate for solutions that ensure we’re building a privacy-forward wallet for everyone,” Google Wallet Vice President Jenny Cheng said.

By James Pothen • Aug. 31, 2023

Elavon, Ingenico team on new payments tool

U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.

By Lynne Marek • Aug. 30, 2023

Zip posts loss under new leadership

After overhauling the business to stem cash burn and turn a profit, BNPL firm Zip’s annual loss narrowed over last year.

By Caitlin Mullen • Aug. 30, 2023

Visa, Mastercard eye price increases: WSJ

Card issuing banks and their card network partners are poised to increase fees they charge merchants as soon as October, The Wall Street Journal reported.

By Lynne Marek • Aug. 30, 2023

Affirm gears up for student loan restart

With payments set to resume in October, the buy now, pay later provider is factoring consumers’ student loan balances into its underwriting decisions.

By Caitlin Mullen • Aug. 29, 2023

Processor trade group weighs in on FedNow, surcharges

The American Transaction Processors Coalition, which includes payments players from Visa to Fiserv, strives to strike a balance in representing their interests at the federal and state levels.

By Lynne Marek • Aug. 28, 2023

AiFi adds frictionless checkout to University of San Diego convenience store

Fast-paced campus life is turning schools into an attractive market for autonomous retailers.

By Jessica Loder • Aug. 28, 2023