USDA picks 5 states for mobile SNAP payments pilot

Illinois, Louisiana, Massachusetts, Missouri and Oklahoma are working with the government agency to expand payment options for SNAP consumers. 

By Catherine Douglas Moran • March 9, 2023

Amex follows rivals in ditching gun code

Visa, Mastercard, Amex and Discover all said separately Thursday they’re holding off on earlier plans to implement a new gun merchant category code on their card networks.

By Caitlin Mullen • March 9, 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

Pagos aims to check merchants’ payments costs

With a recent venture capital infusion for the merchant software tools provider, Pagos is planning to add jobs, including engineers.

By Ryan Deffenbaugh • March 9, 2023

PayPal CFO hits the exit

PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.

By Lynne Marek • March 7, 2023

Amazon Go to close 8 of its stores

The company will close the checkout-free stores next month as it struggles to get its physical retail footprint right.

By Brett Dworski • March 7, 2023

Paymentus picks ex-TiVo exec for CFO

The electronic billing and payment company’s CFO hire comes less than a month after it handed a change in control and severance agreement to its then interim CFO.

By Maura Webber Sadovi • March 7, 2023

Walmart shooter likely used card to buy gun

The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

By Debbie Carlson • March 7, 2023

Affirm exits Australia

Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.

By Caitlin Mullen • March 7, 2023

PayPal leans on Venmo for growth

While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.

By Lynne Marek • March 6, 2023

Synchrony, Bread brace for potential late fee cap impact

If a late fee cap is imposed by the Consumer Financial Protection Bureau, the companies may curtail credit and seek other offsets, executives said this week.

By Caitlin Mullen • March 3, 2023

Visa aims to lower credit surcharge

The card network plans to reduce the credit card surcharge that merchants can impose on consumers, but the proposal is facing pushback.

By Lynne Marek • March 2, 2023

Square raises prices

The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

By Caitlin Mullen • March 2, 2023

Fiserv discloses 7% drop in workforce

As the company cut 3,000 employees, Fiserv’s employee termination costs nearly doubled to $187 million in 2022.

By Caitlin Mullen • March 2, 2023

Shift4 adds PayPal’s checkout tools

Shift4 will promote the digital payments giant’s checkout capabilities to merchants and receive a share of revenue for any PayPal checkout.

By Caitlin Mullen • March 1, 2023

Klarna’s growth comes at a cost

The buy now, pay later pioneer kept up growth despite employee cuts last year. The credit loss rate edged up too.

By Lynne Marek • Feb. 28, 2023

Sezzle ekes out a profit

The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

By Caitlin Mullen • Feb. 28, 2023

Battle over expected Durbin bill ensues

A credit union trade group railed against expected credit card processing legislation aimed at Visa and Mastercard before a bill has even been introduced in Congress this year.

By Lynne Marek • Feb. 27, 2023

Green Dot juggles customer changes

The banking-as-a-service company posted profits in the final quarter of last year even as it recovered from the loss of clients.

By Lynne Marek • Feb. 24, 2023

Block boosts Ahuja’s responsibilities

Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

By Caitlin Mullen • Feb. 24, 2023

Discover debit reboot gets marketing assist

The card company is betting its soon-to-be relaunched debit account services will help it better compete with fintech and neobank rivals.

By Caitlin Mullen • Feb. 22, 2023

Klarna touts US as largest market

The Swedish buy now, pay later provider aims to keep growing in the U.S. with new services despite the intense competition.

By Lynne Marek • Feb. 22, 2023

Square chases bigger merchants

Block-owned Square made its name catering to owners of small businesses, but the company is now setting its sights on bigger clients for growth.

By Caitlin Mullen • Feb. 22, 2023

Discover to implement gun code in April: report

The newly published code will be part of Discover’s policy and product update for merchants and payment partners in April, a spokesperson told Reuters.

By Caitlin Mullen • Feb. 21, 2023

CFPB warns card issuers on credit reports

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

By Lynne Marek • Feb. 21, 2023

Visa CFO to exit

Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

By Caitlin Mullen • Feb. 16, 2023