Incoming payments CEOs usher industry into new era

A spate of CEO appointments this year reflects an era of change and competition that’s likely to keep driving turmoil and advances in the industry.

By Lynne Marek • Aug. 28, 2023

Affirm takes slow approach to card

After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.

By Lynne Marek • Aug. 25, 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

PayNearMe partners with Dollar General

The deal increases PayNearMe's retailer footprint by one-third, bringing the ability to pay bills in cash to more Americans.

By Gabrielle Saulsbery • Aug. 24, 2023

Why the CCCA is ‘ill-informed’

A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.

By James Shepherd • Aug. 24, 2023

Swift makes progress on some G20 cross-border payments goals

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

By Debbie Carlson • Aug. 24, 2023

New Jersey enacts law capping surcharges

New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.

By Lynne Marek • Aug. 23, 2023

FIS hires outsider for CFO

The mega-processor tapped a seasoned CFO, with experience from Walgreens and Kraft, to replace a company insider elevated to the role a year ago.

By Maura Webber Sadovi , Lynne Marek • Aug. 23, 2023

Grocers seek to deter theft at self-checkout terminals

How one supermarket chain aims to thwart consumer shoplifting at self-checkout kiosks, with help from smart cameras.

By Peyton Bigora , Sam Silverstein • Aug. 22, 2023

Adyen, Braintree and Stripe face off

The processing giants are battling for market share in the U.S., cutting prices in their fight to win over merchants.

By Lynne Marek • Aug. 22, 2023

Trader Joe’s says its stores won’t use self-checkout

The grocer’s new CEO and president recently slammed the popular checkout method as being bad for employees and too much work for shoppers.

By Peyton Bigora , Jeff Wells • Aug. 21, 2023

BNPL risks raise questions for Consumer Reports

BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

By Caitlin Mullen • Aug. 21, 2023

Consumer spending rose 4% in July: Fiserv

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

By Tatiana Walk-Morris • Aug. 16, 2023

Splitit draws $50M investment, plans ASX delisting

The installment payments company is going private after signing an agreement with Motive Partners for a $50 million investment.

By Caitlin Mullen • Aug. 16, 2023

Amazon expands BNPL offering

E-commerce giant Amazon is leveraging its Visa credit cards to offer buy now, pay later financing at retailers using the Amazon Pay checkout button.

By James Pothen • Aug. 16, 2023

Maverik accepting Comdata fleet cards

The western convenience store retailer’s pact with Fleetcor is aimed at encouraging professional drivers to use its pumps.

By Jessica Loder • Aug. 16, 2023

Can PayPal’s incoming CEO jump-start profitable growth?

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

By Lynne Marek • Aug. 15, 2023

Ampm opens autonomous convenience store in San Francisco stadium

The store uses AiFi and Verizon Business technology to power a frictionless shopping experience where customers swipe a credit card at the entrance, grab their items and leave.

By Jessica Loder • Aug. 14, 2023

Splitit targets areas BNPL rivals have ‘underserved’: CEO

The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.

By Caitlin Mullen • Aug. 14, 2023

Why the ‘click-to-cancel’ amendment makes sense

“This proposal reflects the growing consumer demand for an easier subscription cancellation process,” writes a payments industry CEO. “However, this isn’t only in the interests of consumers.”

By Monica Eaton • Aug. 11, 2023

Credit card debt tops $1 trillion

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

By Tatiana Walk-Morris • Aug. 9, 2023

Marqeta lands Block contract extension

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

By Caitlin Mullen • Aug. 9, 2023

PayPal launches stablecoin

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

By Caitlin Mullen • Aug. 8, 2023

Amazon’s checkout tech powers Pittsburgh campus convenience store

Although its Just Walk Out technology has yet to take off at retail locations, the company is having some success connecting with universities.

By Jeff Wells • Aug. 7, 2023

Google adds Nelo to its digital wallet

The partnership allows Mexican payments platform Nelo to expand out of purely digital payments to in-person transactions via Google Wallet.

By James Pothen • Aug. 7, 2023

Block shutters some European operations

The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.

By Caitlin Mullen • Aug. 4, 2023