Visa terminates $5.3B acquisition of Plaid after DOJ antitrust suit

The abandonment of the deal won't keep Visa from pursuing partnerships with Plaid or other fintechs, CEO Al Kelly said Tuesday during a call with analysts.

By Anna Hrushka • Jan. 13, 2021

Affirm IPO hits $1.2B

The buy now, pay later tech company announced an initial public offering stock price of $49, but opened at nearly $100 on its first day of trading.

By Daphne Howland , Kaarin Moore • Updated Jan. 19, 2021

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

American Express expands small business perks as it reportedly falls under federal investigation

As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices.

By Tatiana Walk-Morris • Jan. 8, 2021

Afterpay basket size jumps 30% over the holidays

The installment payments firm benefited from pandemic-induced behaviors in favor of contactless buying.

By Kaarin Moore • Jan. 5, 2021

7-Eleven unveils mobile wallet to enable contactless payments

The retailer aims to bring cash users into the digital wallet space and make its rewards program more accessible.

By Tatiana Walk-Morris • Dec. 8, 2020

Capital One halts buy-now-pay-later credit card transactions

The move stands in contrast to fellow credit-card issuers Citi and JPMorgan Chase, which last year launched fixed-payoff options. PayPal and Ally Financial this year announced they were rolling out installment loans.

By Dan Ennis • Dec. 7, 2020

Teen-aimed banking app Step gets celebrity boost

The platform said it raised $50 million in a Series B funding round that included investment from singer Justin Timberlake, music group The Chainsmokers and retired athlete Eli Manning.

By Anna Hrushka • Dec. 3, 2020

How COVID-19 could disrupt store credit cards

Despite a pandemic-induced recession and uncertainty over another federal stimulus bill, store cards remain a channel for customer engagement.

By Tatiana Walk-Morris • Dec. 2, 2020

Is cashierless tech ready for prime time?

The pandemic has juiced demand for automated checkout systems, and retailers are having positive experiences with them, but the technology still has to prove itself over the long term.

By Sam Silverstein • Nov. 30, 2020

Google revamps Google Pay, adds 3 new partner banks

With a redesigned app and an expanded network of banks that have signed on to offer co-branded accounts, the tech giant continues its push into the consumer financial services space.

By Anna Hrushka • Nov. 19, 2020

GameStop, Klarna team up on installment payments

The partnership is part of the gaming retailer's ongoing efforts to modernize its digital operations.

By Tatiana Walk-Morris • Nov. 3, 2020

PayPal launches crypto payment platform

The payments company will convert consumers' Bitcoin, Ethereum, Bitcoin Cash and Litecoin holdings into fiat currencies when they check out. That cuts the risk merchants assume from any volatility in cryptos' value.

By Dan Ennis • Updated March 30, 2021

Afterpay partners with retailers for in-store payments

Shoppers nationwide can use a virtual, contactless card stored in their digital wallet to pay for in-store purchases in installments. 

By Tatiana Walk-Morris • Oct. 19, 2020

Bank of America enters the small-dollar loan fray

Balance Assist, which will launch in January, will offer loans of up to $500 — to be repaid in three installments over 90 days — for a flat $5 fee to customers who have held Bank of America checking accounts for a year or more.

By Dan Ennis • Oct. 9, 2020

Venmo launches its first credit card

After teasing it last October, the payment platform this week unveiled the card, which is integrated with the existing Venmo app.

By Tatiana Walk-Morris • Oct. 6, 2020

PayPal introduces 'Pay in 4' installment payment service

The payments behemoth joins a growing list of pay-over-time competitors.

By Tatiana Walk-Morris • Sept. 3, 2020

PayPal expands its point-of-sale arsenal

The payments company is looking to wrest part of a burgeoning buy-now-pay-later market from the likes of Afterpay, Affirm and Klarna with a six-week installment plan for purchases between $30 and $600.

By Dan Ennis • Sept. 1, 2020

Ally partners with Mastercard's Vyze to enter retail point-of-sale lending

The bank will offer installment loans on retail purchases between $500 and $40,000 with interest rates ranging from 9.99% to 26.99%. Monthly fixed-rate installment loans will range from six to 60 months, the company said.

By Dan Ennis • Aug. 26, 2020

Facebook unveils payments umbrella

Facebook Financial, the social network's latest effort to lend brand consistency among its payment and commerce plans, will be overseen by Libra co-creator David Marcus.

By Dan Ennis • Aug. 11, 2020

CVS to offer Venmo, PayPal QR codes in stores

Other platforms, like WhatsApp and Amazon, have introduced QR codes for merchants, too.

By Tatiana Walk-Morris • Aug. 3, 2020

Will COVID-19 push contactless payments into the mainstream?

Multiple barriers have curtailed retailers' contactless payment integration. But a pandemic may be the catalyst to widespread adoption. 

By Tatiana Walk-Morris • June 9, 2020

Samsung to launch US debit card this summer with SoFi

The South Korean company joins competitors Apple and Google, as more tech giants announce plans to offer banklike products.

By Anna Hrushka • May 11, 2020

More than half of US consumers paying contactless, Mastercard finds

Banks such as HSBC, JPMorgan Chase and Bank of America have ramped up their efforts to push consumers toward tap-and-go technology. The coronavirus may prove the catalyst for behavioral shift.

By Dan Ennis • April 30, 2020

Consumers aren't adopting mobile wallets, even during the pandemic

A PYMNTS.com study conducted in March found that mobile wallets accounted for a small portion of eligible transactions, despite the coronavirus outbreak.

By Tatiana Walk-Morris • April 7, 2020

Banks mostly fear payments and money transfer fintechs, survey finds

Less of a concern among banks is competition from online investment and crowdfunding upstarts. 

By Robert Freedman • March 3, 2020