Pilot rolls out digital diesel payments at 800 locations

Relay Payments’ app-based system uses secure codes to make transactions, allowing drivers to avoid worries about fraud, said Spencer Barkoff, the company’s co-founder and president.

By Jessica Loder • June 16, 2023

Fraud losses to surpass $40B by 2027: report

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

By Tatiana Walk-Morris • June 16, 2023

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

Michigan State shooter tapped cash, debit card

A gunman who killed three Michigan State University students in February used more than one payment method to buy guns. This coverage is part of a Payments Dive series.

By Debbie Carlson • June 15, 2023

CFPB to hover as open banking evolves

The agency is eager to encourage open banking in the U.S., with plans for a rule proposal and oversight of standard-setting in the evolving arena.

By Lynne Marek • June 14, 2023

Global Payments mulls price increases

Global Payments CEO Cameron Bready called the payment services pricing environment “favorable” in light of increases rivals have made.

By Caitlin Mullen • June 14, 2023

Worldpay to target e-commerce growth

The FIS unit that caters to merchants will focus on e-commerce growth after it’s spun off next year, CEO Stephanie Ferris said. She also noted that a recent FIS acquisition was immaterial. That was likely the purchase of Bond.

By Lynne Marek • June 13, 2023

Paysend picks Amex alum for Americas CFO seat

The London-based cross-border payments company has tapped a Miami-based financial services veteran to help drive its expansion into the U.S.  

By Maura Webber Sadovi • June 12, 2023

Block’s Ahuja chases bitcoin users for Cash App

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

By Suman Bhattacharyya • June 9, 2023

PayPal revamps SMB approach

The digital payments pioneer told investors that it’s counting on a revised small and mid-sized business strategy to drive higher profit margins.

By Lynne Marek • June 9, 2023

Affirm CFO acknowledges ‘difficult environment’

Bank failures and macroeconomic challenges have made capital markets challenging to navigate, Affirm CFO Michael Linford said. 

By Caitlin Mullen • June 9, 2023

Visa, Mastercard split on open banking

The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?

By Lynne Marek • June 8, 2023

Capital One buys Velocity Black

Acquiring the travel, entertainment and shopping concierge service may advance the bank’s interest in having customers use credit card points.

By Rajashree Chakravarty • June 8, 2023

Fiserv poised for more M&A

The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.

By Caitlin Mullen • June 8, 2023

Republicans take lead on card bill

Republicans planned to host a press conference for a revived Credit Card Competition Act bill. The legislation’s champion, Sen. Dick Durbin, didn't plan to attend.

By Lynne Marek • June 7, 2023

BNPL regulation requires balancing act

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

By Jordan Gal • June 7, 2023

Cross-border payments startup Keeta snags $17M

Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

By Tatiana Walk-Morris • June 7, 2023

Opponents of CCCA brace for reintroduction

Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.

By Lynne Marek • June 6, 2023

Worldpay turns to Volt for A2A payments

A new tie-up between the companies will allow Worldpay’s merchant clients to tap bank-based payments from consumers.

By Caitlin Mullen • June 6, 2023

CBDCs offer benefits, risks

Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

By Lynne Marek • June 5, 2023

Amex beats back gift card scams

The card company is “putting a lot of time and effort” into preventing customers from being victims of those scams, CEO Steve Squeri said.

By Caitlin Mullen • June 5, 2023

CFPB slaps warning on P2P

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

By Lynne Marek • June 2, 2023

Discover relaunches debit account

After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

By Caitlin Mullen • June 2, 2023

Google aims to bulk up wallet

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

By Lynne Marek • June 1, 2023

Flywire shops for bigger acquisitions

The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

By Caitlin Mullen • June 1, 2023

Worldpay taps Affirm for BNPL

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout. 

By Tatiana Walk-Morris • June 1, 2023