Credit card spending topped $13T last year: FIS report

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

By Tatiana Walk-Morris • March 28, 2023

BNPL remains mainly absent from consumer credit histories

The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

By Caitlin Mullen • March 27, 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

Tandym adds retailers for rewards programs

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

By Lynne Marek • March 27, 2023

CFPB seeks to improve credit card transparency

The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

By Tatiana Walk-Morris • March 24, 2023

Buy now, pay later explodes in grocery

The percentage of online transactions involving groceries where shoppers opted to delay payment grew 40% during the first two months of 2023, according to Adobe data.

By Sam Silverstein • March 23, 2023

Panera tests Amazon One palm payments at 2 cafes

Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.

By Aneurin Canham-Clyne • March 22, 2023

Convenience chain to install bitcoin ATMs

GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.

By Brett Dworski • March 22, 2023

DoorDash adds cash payment option

The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.

By Julie Littman • March 21, 2023

Mastercard buys Baffin Bay Networks

The card network company said it bought the cybersecurity business to better combat cyber-attacks in an increasingly threatening environment.

By Lynne Marek • March 20, 2023

Western Union CEO gives rivals respect

The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.

By Lynne Marek • March 20, 2023

BNPL firms snag consumers at checkout: J.D. Power

As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

By Tatiana Walk-Morris • March 17, 2023

Democrats slam card CEOs on gun code

A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.

By Caitlin Mullen • March 16, 2023

Payments execs detail SVB impact

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

By Caitlin Mullen , Lynne Marek • March 16, 2023

Meijer, Flashfood expand tie-up to include SNAP payments

The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app. 

By Peyton Bigora • March 16, 2023

Visa, Mastercard depict bank failure impact

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

By Lynne Marek • March 15, 2023

Fiserv, Jack Henry CEOs react to bank crisis

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

By Caitlin Mullen , Lynne Marek • March 15, 2023

Amex bets on millennials, Gen Z for growth

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

By Caitlin Mullen • March 14, 2023

Tilia C-suite gets overhaul

The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

By Lynne Marek • March 14, 2023

Retail brands react to Silicon Valley Bank’s collapse

The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.

By Dani James • March 13, 2023

Affirm courts Amazon for more business

Even as it angles for an increase, the buy now, pay later provider’s CFO acknowledged Thursday that its juggernaut e-commerce partner has other BNPL options.

By Caitlin Mullen • March 10, 2023

February retail, restaurant sales rise: Mastercard

U.S. retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.

By Tatiana Walk-Morris • March 10, 2023

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

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