Technology


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    Christopher Furlong via Getty Images

    Valley Bank unveils payments app for cannabis businesses

    Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

    By Anna Hrushka • Oct. 27, 2021
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    Justin Sullivan via Getty Images

    BNPL needs Visa to scale, CEO argues

    Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.

    By Oct. 27, 2021
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    Retrieved from Stripe's Stephen Imm on October 26, 2021

    Stripe and Klarna hook up

    Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

    By Oct. 26, 2021
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    Retrieved from ATPC on July 07, 2021

    Elavon eyes BNPL arena

    Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

    By Oct. 25, 2021
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    Sean Gallup via Getty Images

    PayPal douses reports of a Pinterest purchase

    With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

    By Oct. 25, 2021
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    Courtesy of Adyen

    ACH payments rise to new record

    ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.

    By Ted Jackson • Oct. 25, 2021
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    stock.adobe.com/rh2010

    Sponsored by Onbe

    Payment choice is rapidly diversifying. Here's why it matters for brands.

    Today's customers and workers want to choose how they get paid. Is your brand ready?

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    Permission granted by Vast Bank

    Vast Bank's new offering lures "crypto curious"

    "Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."

    By Anna Hrushka • Oct. 22, 2021
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    Courtesy of Klarna

    Klarna delivers BNPL to WIX sellers

    The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.

    By Tatiana Walk-Morris • Oct. 22, 2021
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    Courtesy of Pinterest

    Is PayPal pining for Pinterest?

    A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry. 

    By Oct. 21, 2021
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    Chris Hondros via Getty Images

    Goldman Sachs, AmEx debut corporate payments service

    The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.

    By Robin Bradley • Oct. 20, 2021
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    Permission granted by Stripe

    Stripe agrees to buy Recko

    The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

    By Oct. 20, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Ransomware activity soars, Treasury finds

    The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

    By Samantha Schwartz • Oct. 19, 2021
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    Matt Cardy via Getty Images
    Opinion

    Retail groups urge credit swipe routing changes

    Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are. 

    By Doug Kantor • Oct. 19, 2021
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    Dan Kitwood/Getty Images News via Getty Images
    Column

    Celsius, Tether and the 'known known'

    Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

    By Dan Ennis • Oct. 19, 2021
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    Spencer Platt via Getty Images

    Fiserv expands restaurant reach with BentoBox purchase

    The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

    By Oct. 18, 2021
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    Courtesy of Coinbase

    Coinbase sees single regulator, new framework for crypto supervision

    The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

    By Dan Ennis • Oct. 18, 2021
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    "Acquisition" by Mike Lawrence is licensed under CC BY 2.0

    Billtrust makes $58M acquisition in Europe

    The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.

    By Tatiana Walk-Morris • Oct. 15, 2021
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    Drew Angerer via Getty Images

    PayPal takes stake in LatAm SPAC

    The digital payments giant disclosed that it bought a minority stake in the SPAC rolled out this month by Latin American e-commerce behemoth MercadoLibre and venture capital firm Kaszek.

    By Oct. 14, 2021
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    Courtesy of Google

    SumUp spearheads US growth with $317M Fivestars acquisition

    The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.

    By Oct. 14, 2021
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    Tim Boyle via Getty Images

    AvidXchange's IPO swells to $660M

    The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.

    By UPDATED: Oct. 14, 2021 at 1:40 p.m.
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    Justin Sullivan via Getty Images

    Andreessen Horowitz poaches Facebook digital wallet execs

    Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

    By Dan Ennis • Oct. 13, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Half of CFOs plan to assess digital currencies for business: Gartner

    “Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.

    By Jim Tyson • Oct. 13, 2021
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    Cross-border payments competition heats up

    Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

    By Oct. 12, 2021
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    Mark Wilson via Getty Images

    Paytech firms outside US gain ground

    Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

    By Oct. 11, 2021