PayPal defends BNPL position

The payments firm is just as popular with younger shoppers as its buy now-pay later rivals, a PayPal executive said last week.

By Caitlin Mullen • Sept. 22, 2022

Republicans grill bank CEOs on merchant gun code

GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.

By Anna Hrushka • Sept. 22, 2022

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

QR code resurges for payments

“Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.

By Mike Storiale • Sept. 22, 2022

Extra costs biggest reason shoppers ditch online carts

With cart abandonment costing online retailers up to $136 billion annually, Coresight Research’s findings suggest they might want to focus on total purchase price more closely matching shopper expectations.

By Caitlin Mullen • Sept. 21, 2022

Visa eyes B2B, remittances for growth

Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

By Lynne Marek • Sept. 21, 2022

Profits slip for small businesses: survey

Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

By Tatiana Walk-Morris • Sept. 21, 2022

House lawmakers add credit card competition bill

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

By Caitlin Mullen • Sept. 20, 2022

Instacart rolls out in-store tech enhancements

Frictionless checkout and a more efficient shopping journey are core focuses under the new services, which include a scan-and-pay mobile checkout program.

By Jeff Wells • Sept. 19, 2022

Square adds services in Spanish

The Block-owned merchant platform debuted its Spanish-language tools in an effort to serve a bigger share of Hispanic-owned businesses in the U.S.

By Tatiana Walk-Morris • Sept. 19, 2022

New PayPal CFO takes medical leave

PayPal SVP of Capital Markets Gabrielle Rabinovitch will step in for her second round as interim CFO as Blake Jorgensen departs for medical leave.

By Grace Noto • Sept. 16, 2022

BNPL players spar with CFPB

BNPL players under the microscope at the Consumer Financial Protection Bureau pushed back against the federal agency’s plan to increase regulation of the industry.

By Lynne Marek • Sept. 16, 2022

CFPB mulls rules for BNPL

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

By Lynne Marek • Sept. 15, 2022

Amex, Discover see lasting credit changes

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

By Caitlin Mullen • Sept. 15, 2022

Visa raises concerns on new gun code

Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.

By Lynne Marek • Sept. 14, 2022

Fiserv CEO downplays margin pressure

CEO Frank Bisignano said expenses related to “synergy work” have tapered off, with benefits becoming visible in the second half of the year.

By Caitlin Mullen • Sept. 14, 2022

Holiday spending to rise 7.1%: Mastercard

The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season. 

By Tatiana Walk-Morris • Sept. 13, 2022

Zelle counters scam talk with growth rates

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

By Lynne Marek • Sept. 12, 2022

Visa to adopt new coding for gun merchants

Card network juggernaut Visa said it will adhere to a new standard for identifying independent gun shops with a unique merchant code after an international body adopted the new approach last week.

By Caitlin Mullen and Lynne Marek • Sept. 12, 2022

Bolt drops Wyre purchase

The checkout startup had planned to purchase the cryptocurrency payments firm for $1.5 billion. That was before the collapse of crypto values recently.

By Caitlin Mullen • Sept. 12, 2022

JPMorgan buys payments firm Renovite

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

By Lynne Marek • Sept. 12, 2022

Gun merchant code approved for card purchases

An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

By Caitlin Mullen • Updated Sept. 9, 2022

Google invests in new cohort of Black entrepreneurs

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

By Tatiana Walk-Morris • Sept. 9, 2022

Mesh Payments raises $60M

The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

By Tatiana Walk-Morris • Sept. 8, 2022

Lawmakers push card companies to back gun-merchant code

Democratic Congress members, in letters to the CEOs of Visa, Mastercard and American Express, pressed the companies to support creating a merchant code for gun sellers.

By Caitlin Mullen • Sept. 7, 2022

Consumers need credit card reform

“It's not just merchants at the mercy of the oligopoly,” writes Ed Mierzwinski, a senior director at the Public Interest Research Group. “Consumers all pay more at the store and more at the pump.”

By Ed Mierzwinski • Sept. 2, 2022