Will PayPal get a new CEO?

CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

By Lynne Marek • Jan. 9, 2023

Durbin to reintroduce credit card competition bill

The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans. 

By Lynne Marek • Jan. 6, 2023

Explore the Trendline➔

Top 5 stories from Payments Dive

The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

By Payments Dive staff

Can anything challenge ACH?

The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

By Shamir Karkal • Jan. 6, 2023

Card industry’s fraud-fighting efforts pay off: Nilson Report

Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

By Caitlin Mullen • Jan. 5, 2023

Payments deals may climb in 2023

While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

By Lynne Marek • Jan. 4, 2023

Fiserv CEO lands pay raise in new contract

The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.

By Caitlin Mullen • Jan. 3, 2023

Investors press FIS, Fiserv for divestitures

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2022

Card Competition Act skids toward 2023

With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year.

By Lynne Marek • Dec. 21, 2022

Job cuts piled up in payments this year

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

By Caitlin Mullen • Dec. 21, 2022

Fiserv hired ‘thousands’ of workers this year, CEO says

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview. 

By Caitlin Mullen • Dec. 19, 2022

Consumer credit metrics slip further

Discover Financial Services and Synchrony Financial this week each reported increases in delinquencies and charge-offs.

By Caitlin Mullen • Dec. 16, 2022

FIS to review business under shareholder pressure

The payments processor is undertaking a comprehensive review of operations after two investors pressed the company to increase shareholder value.

By Lynne Marek • Dec. 16, 2022

Convenience store chain adds ACH option for fuel payments

The upgrade adds the ability to pay for fuel at the pump, and using ACH allows the convenience store chain to save on swipe fees.

By Jessica Loder • Dec. 16, 2022

CFPB faces Republican reckoning in next Congress

“Next month there will be a new majority in the House of Representatives — I think you'll wish you tried harder to play by the rules,” Rep. Patrick McHenry, R-NC, told CFPB Director Rohit Chopra.

By Anna Hrushka • Dec. 15, 2022

Credit delinquencies to increase next year: TransUnion

Credit card originations are expected to peak in 2022 before cooling down in 2023, TransUnion said.

By Tatiana Walk-Morris • Dec. 15, 2022

Is self-checkout worth the investment?

While autonomous checkout can speed up shopping trips and let employees take on new tasks, it doesn’t come without its frustrations, experts say.

By Brett Dworski • Dec. 15, 2022

FIS CEO exits earlier than expected

In a change of plans for the payments processor, Gary Norcross will hand off the CEO title to Stephanie Ferris earlier than expected and won’t become executive chairman.

By Lynne Marek • Dec. 15, 2022

BofA analysts downgrade Affirm, Discover, Synchrony

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

By Caitlin Mullen • Dec. 14, 2022

Smith Oil adds app to streamline customer fuel payments

The app, expected to go live in early 2023, will use Liquid Barcodes’ C-StorePay technology as merchants seek relief from credit card swipe fees.

By Jessica Loder • Dec. 12, 2022

Shift4 CEO suggests company could go private

The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.

By Caitlin Mullen • Dec. 12, 2022

Payments will evolve with digital banking

“Rather than basic capabilities, consumers want a complete digital banking experience,” a payments firm professional writes. “They want access to all of the buzzworthy features.”

By John Mitchell • Dec. 9, 2022

Galileo launches BNPL for financial firms

The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

By Tatiana Walk-Morris • Dec. 9, 2022

PayPal CEO gives gloomy forecast

PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.

By Lynne Marek • Dec. 8, 2022

Plaid cuts 260 employees

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

By Dan Ennis • Dec. 7, 2022

FIS cost-cutting plans may expand

Payments technology company FIS aims to cut at least $500 million in costs as its beats back rising employee expense and a difficult economic environment.

By Lynne Marek • Dec. 7, 2022