CBDCs could give 'clean slate' for cross-border payments, BIS report says

Global coordination for central bank digital currency "designs could lead to more efficient cross-currency and cross-border payments,” the Bank for International Settlements report this week said.

By Vaidik Trivedi • July 13, 2021

Merchants say they're losing revenue to online fraud, FIS report finds

Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated. 

By Vaidik Trivedi • July 12, 2021

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

The end of guest checkout is here

The rapid growth of the shopper network is leading to the rise of independent retailers.

July 12, 2021

Colorado scraps ban on credit card surcharges

Colorado is the latest state to allow surcharges on credit card transactions, leaving only two with bans amid a nationwide move away from them.

By Lynne Marek • July 9, 2021

U.S. retail sales jumped 11% in June over last year, Mastercard says

Consumer spending and travel is picking up, reaching or exceeding pre-pandemic levels in certain retail sectors, a Mastercard report shows.

By Vaidik Trivedi • July 8, 2021

Clash over debit card routing persists in comments to Fed

A battle running for decades regarding the fees that card processors can charge on debit transactions is showing up again in comments regarding a Federal Reserve proposal to clarify rules on the issue.

By Lynne Marek • July 8, 2021

Splitit enables in-store BNPL payments with Apple Pay, Google Pay

The Australian company is adding the new in-store digital wallet payment options as it looks to compete in the increasingly crowded U.S. market.

By Vaidik Trivedi • July 7, 2021

Binance.US hires ex-leader of California's 'mini-CFPB'

Manny Alvarez is joining Binance.US after leaving the California Department of Financial Protection and Innovation. He will oversee risk, compliance and legal developments at the company under Binance.US CEO Brian Brooks, who formerly led the Office of the Comptroller of the Currency.

By Dan Ennis • July 7, 2021

Crypto exchange Binance responds to Barclays move to halt payments

The crypto exchange said Barclay's decision to block U.K. consumers' credit and debit card payments to Binance is based on a misunderstanding regarding a U.K. regulatory action. Binance is facing increased regulatory scrutiny elsewhere too.

By Vaidik Trivedi • July 7, 2021

Paysafe builds up online betting, gaming payments systems

Paysafe is pushing aggressively into the online sports betting and video gaming industries with its payments technology as those industries grow in the U.S.

By Vaidik Trivedi • July 2, 2021

Rapyd buys Valitor in $100M deal

Rapyd tapped its venture capital hoard for the acquisition of Volitar, an Icelandic company that will become its European hub.

By Lynne Marek • July 2, 2021

PayPal's Zettle arrives in US, leverages QR code-based payments

The new Zettle offering in the U.S. will provide QR code-based payment options for in-store purchases.

By Vaidik Trivedi • July 1, 2021

Merchants adapt check-out process to thwart cart abandonment

Merchants are giving online customers a broader menu of payment options in the hopes of keeping customers through to completion of a purchase.

By Vaidik Trivedi • June 28, 2021

Big tech buys into booming payments sector

Google, Apple and other tech companies are swooping in to provide digital financial services to customers to increase engagement rates, and incumbent financial institutions face the risk of fewer direct interactions with their customers 

By Vaidik Trivedi • June 24, 2021

Fiserv partners with NYDIG to offer bitcoin services

The duo is betting banks can use the new offering to attract consumers who own bitcoin or who want to buy the digital asset.

By Vaidik Trivedi • June 23, 2021

Consumers adapt to "omnichannel" payments, survey finds

Although a majority of customers surveyed had shopped online over the prior year, a "slight majority" across all regions also still prefers in-person shopping, the survey showed.

By Vaidik Trivedi • June 23, 2021

Payments industry deal-making mushrooms

The payments industry has accounted for the bulk of big fintech deals since the start of last year, charting eight combinations worth $23 billion, according to S&P Global Market Intelligence, which predicts the trend will march on.  

By Lynne Marek • June 22, 2021

Fiserv, Deutsche Bank team up in German market

Fiserv and Deutsche Bank are locking arms to allow the German bank's business customers to accept payments through Clover, Fiserv's point of sale (POS) system.

By Lynne Marek • June 22, 2021

Amazon's Prime Day becomes less special as competitors respond with their own deals

Amazon is destined to sell its own devices and collect new memberships, but competing sales from retailers make the event less attractive to consumers.

By Daphne Howland • June 21, 2021

PayPal to increase merchant fees in August

The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.

By Lynne Marek • June 20, 2021

Buy now-pay later drawbacks emerge for consumers, study says

The BNPL payment option has been gaining traction among users, yet many consumers in the U.S. consider it "financially risky," a new study says.

By Vaidik Trivedi • June 20, 2021

Global Payments, CDK team to court car dealers

Companies are racing to sell a new generation of payment technology systems to auto dealerships.  

By Lynne Marek • June 17, 2021

Visa pilots US merchant phone-tap system

The new payment option allows merchants to convert their android smartphones into POS systems to accept tap payments.

By Vaidik Trivedi • June 16, 2021

Mastercard shareholders back executive pay

Despite Institutional Shareholder Services urging shareholders to vote against the company's executive compensation proposal for Tuesday's annual meeting, stockholders gave a thumbs-up to pay that included former CEO Ajay Banga receiving a $27 million-plus package last year.

By Lynne Marek • Updated June 23, 2021

BNPL spending to swell to $995B globally by 2026, study finds

As consumers and merchants alike pivot to buy now-pay later options, money flowing through the channel is expected to quadruple by 2026, a Juniper Research study said. 

By Vaidik Trivedi • June 15, 2021