Adyen targets North America for growth

Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

By Lynne Marek • May 27, 2022

Chip shortage drives up card costs

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

By Jonathan Berr • May 26, 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

CEOs Sound Off: BNPL takes aim at healthcare, legal costs

Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.

By Caitlin Mullen • May 25, 2022

Tag Heuer accepts crypto as payment

CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.

By Dani James • May 24, 2022

Klarna revamps operations, cuts 700 employees

Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.

By Lynne Marek • May 24, 2022

BNPL player Zilch expands to US

Instead of collecting fees from retailers to move merchandise from their shelves, Zilch is linking with brands like Sephora and Nike to lure consumers looking to finance their purchases through installment payments. 

By Jonathan Berr • May 20, 2022

Mastercard to launch biometric checkout tool for retailers

The company plans to try out facial recognition and hand-scanning technology in multiple countries.

By Tatiana Walk-Morris • May 19, 2022

Amazon Fresh spearheads East Coast expansion

The chain plans to open locations on Long Island and in the Garden State, expanding its use of the cashierless payment technology and hiring "hundreds" of workers.

By Jeff Wells • May 19, 2022

Block bets on bitcoin

“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.

By Caitlin Mullen • May 18, 2022

Klarna debuts virtual shopping tool

The platform is adding more services as the buy now-pay later industry faces more regulatory scrutiny.

By Tatiana Walk-Morris • May 17, 2022

Affluent consumers may drive $257B in spending

The wealthiest U.S. consumers are eager to open their wallets again, especially for travel, though there is one possible caveat, predicts Visa's chief economist.

By Lynne Marek • May 17, 2022

BNPL giant Affirm counts on debit card for growth

The San Francisco-based company said the product is being “rolled out to tens of thousands of consumers" through a beta program.

By Jonathan Berr • May 17, 2022

Three US cash trends persist, Fed report says

The COVID-19 pandemic led U.S. consumers to change up their payment habits, but three long-term cash trends have mainly persisted, according to a Federal Reserve Bank report issued this month.

By Lynne Marek • May 16, 2022

Fed delivers mixed credit card data

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated.

By Jonathan Berr • May 12, 2022

VizyPay carves out a niche catering to rural America

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses.

By Caitlin Mullen • May 11, 2022

Self-checkout tech maker Mashgin raises $62.5M

The technology company, which currently partners with convenience stores, cafeterias, hospitals and sports arenas, said it will use the investment to build out its team, quicken expansion and scale globally.

By Catherine Douglas Moran , Sam Silverstein • May 10, 2022

EMVCo invites input on new contactless standard

The firm controlled by the card companies has drafted a new contactless technology standard and it's seeking public comment on the specifications. Their plan is to implement a change by yearend.

By Lynne Marek • May 10, 2022

Cannabis payments companies focus on compliance, creativity

In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

By Caitlin Mullen • May 6, 2022

Block 'just getting started' with Afterpay

San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.

By Caitlin Mullen • May 6, 2022

DoorDash extends gas card rewards program

The program, which provides drivers 10% cash back on gas purchases on a prepaid Visa card, will now run through August.

By Alicia Kelso • May 5, 2022

Durbin proposes card fee reforms, not legislation

Sen. Dick Durbin pushed for a handful of reforms of credit card fee practices at Wednesday's Senate Judiciary Committee hearing on "excessive swipe fees," but didn't offer plans for new legislation. He also questioned Visa and Mastercard representatives about recent fee increases and took testimony from consumer advocates who slammed the hikes.

By Lynne Marek • May 5, 2022

Fiserv, Affirm partner on BNPL

Brookfield, Wisconsin-based Fiserv is adding a new buy now-pay later player to its roster. The company said Wednesday that San Francisco-based Affirm will be the first BNPL option integrated into its Carat service, which is directed at larger enterprises.

By Caitlin Mullen • May 5, 2022

Kohl's boosts reward benefits for card members

The Menomonee Falls, Wisconsin-based retail chain tested the program in eight markets over the past year and found an increase in Kohl's Card acquisitions and overall sales. 

By Kaarin Moore • May 2, 2022

Card companies called on congressional carpet

Visa and Mastercard will be in the hot seat next week at a hearing of the Senate Judiciary Committee led by their long-time nemesis, Sen. Dick Durbin. A notice for the hearing teases that the discussion will zero in on "excessive swipe fees" and a lack of competition in the industry.

By Lynne Marek • April 29, 2022

For Discover, inflation brings sales growth, salary pressure

Riverwoods, Illinois-based Discover Financial Services on Thursday reported first-quarter card sales volume was 23% higher than the same period last year, but CFO John Greene said "it’s hard to envision year-over-year sales growth to continue in the upper 20s."

By Caitlin Mullen • April 29, 2022