Mastercard hires new chief legal officer

Rob Beard, who will also serve as head of global policy, brings M&A and capital markets experience to his new role at the card network company.

By Lyle Moran • July 18, 2023

Synchrony braces for late fee rule

The CEO of the private label card issuer expects a final rule on the CFPB’s proposed credit card late fee cap later this year, and litigation could follow, he said.

By Caitlin Mullen • July 18, 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

Frictionless checkout becomes increasingly popular at stadiums

Allegiant Stadium in Las Vegas just added its 10th frictionless store as the trend at sporting ventures expands.

By Jessica Loder • July 18, 2023

Fintech funding drops in 2Q

While there was a drought of venture capital for payments startups and other fintechs in the first half of the year, industry reports spot potential for new flows in the second half.

By Lynne Marek • July 18, 2023

BNPL app downloads decline

In the U.S., total BNPL app downloads for the second quarter fell 19% compared to the year-ago period, Bank of America Securities analysts said.

By Caitlin Mullen • July 17, 2023

Will other states mimic New Jersey’s credit card surcharge?

The state’s legislature passed a bill recently to cap credit card surcharges. One experienced payments executive believes that’s the wave of the future.

By Lynne Marek • July 17, 2023

Consumers, SMBs prize security in cross-border payments: survey

Trust and transparency of fees were other key factors for consumers and businesses choosing a cross-border payment provider, a Swift survey revealed.

By Caitlin Mullen • July 14, 2023

FIS, GTCR craft Worldpay escape hatch

In its recent sale of an ownership stake in Worldpay, FIS agreed that the new joint venture with GTCR could be put up for sale a handful of years after they close the deal.

By Lynne Marek • July 13, 2023

Bank of America fined $250M over fake accounts, junk fees

Regulators say Bank of America opened credit card accounts without customers’ consent and misled consumers about rewards for card applications.

By Anna Hrushka • July 11, 2023

New Jersey legislature passes credit card surcharge bill

Lawmakers passed a bill that limits the surcharge a merchant can impose on consumers to the cost of processing a credit card transaction.

By Lynne Marek • July 11, 2023

Merchant Lynx Services acquires National Credit Card Processing Group

The purchase gives Merchant Lynx Services a payment acceptance presence in the highway construction and large equipment sector, a Merchant Lynx executive said.   

By Caitlin Mullen • July 10, 2023

Affirm to shutter Returnly

Two years after purchasing Returnly for $300 million, Affirm said it’s divesting the returns management platform business.

By Caitlin Mullen • July 7, 2023

As biometrics use advances, so must hacker defenses

“Hackers are using all sorts of sophisticated methods to trick and bypass biometric technology – like capturing audio clips of individuals’ voices, making fake fingerprints using putty and gelatin, and downloading photos and videos,” an executive writes.

By Alessandro Chiarini • July 7, 2023

FTC revs up money transfer case against Walmart

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

By Lynne Marek • July 6, 2023

Card issuers defend late fees

In responses to a group of U.S. senators, the top 10 credit card issuers outlined their late fee practices and warned of potential consequences if fees are capped as the CFPB has proposed.

By Caitlin Mullen • July 6, 2023

FIS to sell Worldpay stake to GTCR

Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion. 

By Lynne Marek • July 6, 2023

Debit plagued by security concerns: survey

Just 40% of consumers feel confident in the security and safety of their debit cards, J.D. Power said.

By Caitlin Mullen • July 5, 2023

Goldman in talks to transfer Apple card deal to Amex: reports

The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.

By Gabrielle Saulsbery • July 5, 2023

NCR outlines ATM spin-off strategy

The separation of NCR’s ATM business and its digital commerce operations occurred in the fourth quarter of last year.

By Caitlin Mullen • June 30, 2023

GetGo offering mobile-pay fuel discounts for July 4

GetGo’s mobile payments promotion adds to the handful of initiatives the company has undertaken in recent months, including installing bitcoin ATMs at some locations.

By Jessica Loder • June 30, 2023

DoorDash adds SNAP payments

DoorDash added the ability to use SNAP EBT online payments for on-demand delivery of eligible grocery items as part of numerous updates to its app.

By Catherine Douglas Moran , Julie Littman • June 29, 2023

Car IQ links with PDI to expand c-store payment network

The partnership will make vehicle-recognition payments for fleet owners available to more retailers across the country.

By Jeff Wells • June 29, 2023

Tops grocery starts accepting SNAP EBT payments online

The food waste-reduction service worked with payments processor Forage to allow SNAP shoppers to place pickup orders for items nearing their expiration dates at participating Tops stores.

By Sam Silverstein • June 29, 2023

California lawmakers consider bill requiring gun code use

The bill stands in contrast to legislation recently passed in Republican-led states that blocks use of the gun merchant category code.

By Caitlin Mullen • June 29, 2023

Visa to acquire Pismo for $1B

Visa said it has agreed to acquire the Brazilian company to provide more card issuing and banking services to fintechs and financial institutions.

By Lynne Marek • June 29, 2023