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

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

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

Go slow on a CBDC, Nacha says

The biggest payment system in the U.S. recommends limited implementation of a central bank digital currency if the Federal Reserve pursues that digital dollar.

By Lynne Marek • Sept. 2, 2022

Credit card interest rates reach record

With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August.

By Lynne Marek • Sept. 2, 2022

Fiserv buys LR2 Group

The global payments processor said it paid $26 million to acquire the independent sales organization, which had been a long-time partner.

By Caitlin Mullen • Sept. 1, 2022

Who’s afraid of FedNow? Not Visa

Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.

By Lynne Marek • Sept. 1, 2022

U.S. adults using mostly cash drops sharply

Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.

By Debbie Carlson • Aug. 31, 2022

Card companies urged to code gun sellers

Calls from government officials urging Visa, Mastercard and American Express to support creating a merchant code for gun sellers are growing louder.

By Caitlin Mullen • Aug. 31, 2022

Digital wallets dig in

Continued adoption of digital wallets is likely to depend on the services that providers add, said Charlotte Principato, a financial services analyst for polling firm Morning Consult.

By Caitlin Mullen • Aug. 30, 2022

Affirm scans landscape for acquisitions

With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

By Lynne Marek • Aug. 26, 2022