CFPB urges standardization in BNPL credit reporting

The agency isn’t pleased about the three big credit reporting bureaus taking different approaches to tracking consumer data for buy now-pay later financing.

By Lynne Marek • Updated June 17, 2022

Samsung debuts a new digital wallet with crypto

The new wallet will store IDs, cards and crypto, giving the South Korean company more leverage to compete with digital payment apps from tech giants Apple and Google.

By Tatiana Walk-Morris • June 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

Startup Metropolis snags $167M to scale

Metropolis Technologies, which uses computer vision and machine learning for parking payments, plans to use the funding to scale, aiming to hire 500 workers by the end of the year.

By Caitlin Mullen • June 15, 2022

Grubhub adds instant pay option for delivery drivers

Food delivery company GrubHub will make an instant payout option available to its couriers, with an assist from PayPal and Visa, so drivers can deposit earnings to a debit card.

By Alicia Kelso • June 15, 2022

PayPal expands BNPL payment options

PayPal is making a bigger move into buy now-pay later financing as competitors in that arena multiply. It will now offer a new monthly payment plan targeted at bigger purchases.

By Lynne Marek • June 15, 2022

Payments startups still gaining value, for now

Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence.

By Jonathan Berr • June 14, 2022

PayPal strives to improve checkout

The company aims to improve the checkout experience for both merchants and consumers, with new services being tested this year, CEO Dan Schulman said.

By Lynne Marek • June 13, 2022

Chip cards rise 10% last year to 12B globally

That figure was the annual increase tallied this week by EMVCo as part of its work to streamline payment protocols for merchants and improve the security of their transactions.

By Tatiana Walk-Morris • June 10, 2022

Apple joins BNPL boom

Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.

By Jonathan Berr • June 7, 2022

Circle K owner rolls out computer-vision checkout units

Alimentation Couche-Tard, which operates locations under the Circle K and Couche-Tard banners, plans to deploy Mashgin's technology across North America and Europe over the next three years.

By Sam Silverstein • June 6, 2022

Amex isn't afraid of inflation

American Express CEO Steve Squeri is bullish on his cardholders' financial health and the broader economic situation, saying Thursday he expects inflation to moderate in 2023.

By Caitlin Mullen • June 3, 2022

Block offers Apple tap-to-pay for merchants

Block wants to attract more business clientele as fintech firms experience economic volatility. Offering tap-to-pay on the iPhone advances that goal.

By Tatiana Walk-Morris • June 3, 2022

Economic pressures stress payment fintechs

PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing.

By Lynne Marek • June 2, 2022

Klarna taps Marqeta for card

The partnership comes as buy now-pay later providers seek to expand their customer bases amid market volatility and regulatory pressure.

By Tatiana Walk-Morris • June 2, 2022

NMI aims to equip banks with modern payments tech

As banks try to fend off competition from fintechs in merchant acquiring and processing, payments gateway NMI aims to capitalize by offering to bolster their services.

By Caitlin Mullen • June 1, 2022

BNPL extends to gas, groceries

Buy now-pay later providers have made their financing services more available for everyday purchases, offering consumers a tool to deal with inflation.

By Jonathan Berr • June 1, 2022

Visa's CEO braces for legislation

Visa CEO Al Kelly said Sen. Dick Durbin is contemplating new legislation that would impose more pricing restrictions on the card industry. Kelly didn't elaborate and Durbin has been mum.

By Lynne Marek • May 31, 2022

Cross-border payments change as they rise: report

Consumers and businesses are more frequently using digital means to send payments around the world, according to Mastercard's second annual report on cross-border payments.

By Tatiana Walk-Morris • May 31, 2022

Dollar General piloting self-checkout-only stores

The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

By Sam Silverstein • May 27, 2022

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

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