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

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

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

Fiserv stands by profit margin expansion target

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

By Caitlin Mullen • Dec. 7, 2022

Visa CEO’s pay dipped to $28M this year

The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.

By Lynne Marek • Dec. 7, 2022

Cantaloupe pays $41M to acquire Three Square Market

With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.

By Lynne Marek • Dec. 5, 2022

Shift4 buys European payments provider for $126M

The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

By Caitlin Mullen • Dec. 5, 2022

Affirm mulls consumer, merchant fee increases

The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

By Lynne Marek • Dec. 2, 2022