BNPL faces headwinds from rising rates, inflation: Fitch

Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

By Debbie Carlson • Aug. 10, 2022

Consumer spending rises despite inflation: Mastercard

While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

By Tatiana Walk-Morris • Aug. 8, 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

Let the credit card battle begin

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

By Lynne Marek • Aug. 8, 2022

Visa, Mastercard react to Pornhub ruling

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

By Lynne Marek • Aug. 5, 2022

Block pulls back on expenses

The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

By Caitlin Mullen • Aug. 5, 2022

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

FIS extends tie with Chargebacks911 to fight fraud

The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.

By Jonathan Berr • Aug. 5, 2022

Gucci expands crypto payment options to ApeCoin, Euro Coin

More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

By Tatiana Walk-Morris • Aug. 4, 2022

FIS reduces 2022 outlook

The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

By Lynne Marek • Aug. 4, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

Mobile wallets gain traction in bill payments: survey

Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.

By Tatiana Walk-Morris • Aug. 1, 2022

Legislation aimed at Visa, Mastercard lands

A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.

By Lynne Marek • July 29, 2022

Card CEOs react to macroeconomic threats

Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.

By Caitlin Mullen , Lynne Marek • July 29, 2022

CEOs Sound Off: Payments execs navigate economic turmoil

CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

By Jonathan Berr • July 29, 2022

Mastercard earnings get cross-border lift

“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

By Caitlin Mullen • July 28, 2022

Durbin to lob bill at Visa, Mastercard

Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition.

By Lynne Marek • July 28, 2022

Visa's 3Q results defy recession talk

Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.

By Lynne Marek • July 27, 2022

Balance raises $56M for B2B payments

The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

By Tatiana Walk-Morris • July 26, 2022

Amazon opens a new wallet for sellers

The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

By Lynne Marek • July 26, 2022

Grocery company Albertsons rolls out SNAP online payment

The company now offers the purchasing capability at five banners through its own platform as well as the Instacart app.

By Catherine Douglas Moran , Jeff Wells • July 25, 2022

Blaming cards for high gas prices doesn't make sense, trade group argues

The leader of the Electronic Payments Coalition tells people looking to blame credit and debit card companies for higher gas prices to find a different scapegoat.

By Jeff Tassey • July 25, 2022

Amex raises growth projections

The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.

By Caitlin Mullen • July 22, 2022

PayPal hands out stock to new workers

The digital payments pioneer is distributing shares of its beat-up stock to hundreds of new workers in a bid to hang onto employees after cutting others earlier this year. A spokesperson said the distribution was a “normal course” of action.

By Lynne Marek • July 22, 2022

Payments funding, deal-making declines in Q2

Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.

By Lynne Marek • July 21, 2022

BNPL will evolve as providers tweak the model

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.”

By Brian Shniderman • July 20, 2022