Mastercard predicts Black Friday bonanza

The card network company said in a report this week that it expects a Black Friday “shopping blitz” will lead retail sales to jump 15% over last year. 

By Jonathan Berr • Nov. 16, 2022

CEOs Sound Off: Payments forecasts for 2023

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

By Caitlin Mullen , Lynne Marek • Nov. 16, 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

Giant Food’s prepaid debit card tackles food insecurity

With the tie-up, the Fresh Connect program is expanding to all of banner’s locations in Washington, D.C., and participants will be able to access free classes, consultations and resources offered by the grocer. 

By Catherine Douglas Moran • Nov. 16, 2022

Fiserv ‘maniacally focused’ on expense management

When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”

By Caitlin Mullen • Nov. 15, 2022

Toast surpasses $100B in annualized payments

The payments company that caters to restaurants reached that quarterly record after significant expansion this year.

By Jonathan Berr • Nov. 15, 2022

Fortis acquires Payment Logistics

The founder of Payment Logistics will remain at the firm overseeing its employees in California.

By Tatiana Walk-Morris • Nov. 15, 2022

Musk pushes Twitter toward payments

“Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Musk. “We need money transfer licenses for that, which we’ve applied for.”

By Anna Hrushka • Nov. 11, 2022

Green Dot CEO taps new team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Preparing for the CBDC era

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

By Lance Homer • Nov. 9, 2022

Affirm curbs hiring amid economic uncertainty

The buy now-pay later company is pulling back on adding talent in some areas, but plunging ahead in others and seeking out talent in lower-cost regions.

By Jonathan Berr • Nov. 9, 2022

FIS targets $500M in cost cuts

The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

By Jonathan Berr • Nov. 9, 2022

How active shooters pay for guns

Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A Payments Dive series tracking those details seeks to inform the discussion.

By Payments Dive staff • Updated Dec. 13, 2022

Block pledges to curb spending

The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.

By Caitlin Mullen • Nov. 4, 2022

PayPal girds for slowdown, leans on Apple, Amazon

The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.

By Lynne Marek • Nov. 4, 2022

Musk aims Twitter at payments

Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.

By Lynne Marek • Nov. 3, 2022

Stripe chops workforce for ‘leaner times’

The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

By Lynne Marek • Nov. 3, 2022

Amazon offers merchants cash advances

Sellers on the company’s online marketplace can access from $500 to $10 million in cash advances, with repayment based on a fixed percentage of their gross merchandise sales. 

By Tatiana Walk-Morris • Nov. 2, 2022

MoneyGram dives deeper into crypto

The money transfer company said it’s adding a new crypto feature to its mobile app, expanding on an attempt to appeal to a younger client set.

By Tatiana Walk-Morris • Nov. 2, 2022

6 payments takeaways from big consulting firms

Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends.

By Caitlin Mullen , Lynne Marek , Jonathan Berr • Nov. 2, 2022

Honeywell jumps into mobile payments battle

The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.

By Lynne Marek • Nov. 1, 2022

Deluxe aims to add crypto

The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.

By Lynne Marek • Oct. 31, 2022

Mastercard profit rises on consumer spending

The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

By Jonathan Berr • Oct. 28, 2022

Shoppers turn to installment payments for holidays: report

Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

By Tatiana Walk Morris • Oct. 27, 2022

Fiserv sheds Korea unit, plans move to Milwaukee

After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

By Caitlin Mullen • Updated Oct. 28, 2022

Visa eyes 2023 growth, sidesteps threats for now

“Should there be a recession, or a geopolitical shock that impacts our business...we will, of course, adjust our spending plans,” Visa’s CFO said.

By Lynne Marek • Oct. 27, 2022