Square tests credit card for merchants

The card aimed at providing more financial services to merchants comes amid a slew of competition to serve that clientele.

By Caitlin Mullen • June 28, 2023

Will BNPL pass the test?

The buy now, pay later trend faces a starkly different environment than the one in which it gained traction. Regulation looms, the economy has worsened and investors are demanding profits. It’s all a test of BNPL’s long-term footing.

By Caitlin Mullen • June 27, 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

Starbucks reverts to cash amid tech glitch

The coffee retailer was only able to accept cash and Starbucks App payments on Monday during a company-wide technology snafu.

By James Pothen • June 27, 2023

Amex promotes deputy to CFO

When long-time American Express CFO Jeff Campbell exits in August, the company’s deputy CFO, Christophe Le Caillec, will take the top financial post.

By Caitlin Mullen • June 27, 2023

Credit card used to buy AR-15 rifle in New Mexico shooting

Police confirm the gunman’s father used a credit card to pay for part of a transaction that included the weapon purchase.

By Debbie Carlson • June 26, 2023

Fees, interest charges rise to $347B: report

Fees and interest incurred on financial services, including credit cards, rose 14% last year, the Financial Health Network reported.

By Tatiana Walk-Morris • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 22, 2023

Amazon Go closures continue

The shuttering of a Seattle location is the ninth closure this year for Amazon’s automated-checkout convenience store concept.

By Jessica Loder • June 22, 2023

Shopify taps Adyen in bid for bigger clients

Canadian e-commerce company Shopify is upgrading its integration with Dutch fintech Adyen in an effort to serve larger merchants in North America, and on the international stage.

By Caitlin Mullen • June 21, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Congress members introduce bills to protect cash

The bills introduced last week aim to protect Americans’ right to use cash, and to address privacy concerns regarding a cashless economy.

By James Pothen • June 20, 2023

Shell updates payment technology

The technology from Gilbarco Veeder-Root will update payment touchpoints at 13,000 of the fuel company’s U.S. pump locations. 

By Jessica Loder • June 20, 2023

Will Nevada’s law prod the CFPB on EWA?

Nevada’s new law on earned wage access increases the importance of hearing more from the Consumer Financial Protection Bureau about its view of the growing on-demand pay trend.

By Lynne Marek • June 20, 2023

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

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