Technology


  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Prostock-Studio via Getty Images

    Auto dealers tap US Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
  • Two middle school students walk down a school hallway next to a row of lockers, backs toward the camera.
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    FangXiaNuo via Getty Images

    Flywire posts net loss despite customer wins

    The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

    By Aug. 11, 2022
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    Tanaonte via Getty Images
    Trendline

    Buy now-pay later payments proliferate

    More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool.

    By Payments Dive staff
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    B4LLS via Getty Images

    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
  • A woman sits at a desk, looking at her phone and doing paperwork, seemingly to pay bills.
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    fizkes via Getty Images

    Jack Henry & Associates buys Payrailz

    Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

    By Aug. 10, 2022
  • Paystamd ,buys Mexico's Yaydoo
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    Courtesy of Erica Zeidenberg

    Paystand buys Yaydoo in Latin American push

    Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

    By Aug. 9, 2022
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    Maks_Lab via Getty Images

    Payments buyout burst in August signals more M&A

    A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

    By Aug. 9, 2022
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    Anna Moneymaker via Getty Images
    Column

    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

    By Aug. 8, 2022
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    Courtesy of Megan Cheung

    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

    By Aug. 5, 2022
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    Drew Angerer via Getty Images

    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

    By Aug. 5, 2022
  • Rear view personal perspective of diverse executive team video conferencing with male CEO and discussing data.
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    AzmanL via Getty Images

    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

    By Aug. 5, 2022
  • Gucci storefront.
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    The image by Achim Hepp is licensed under CC BY-SA 2.0

    Gucci expands crypto payment options to ApeCoin, Euro Coin

    More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

    By Tatiana Walk-Morris • Aug. 4, 2022
  • A customer using Amazon One to pay
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    Courtesy of Amazon

    FIS reduces 2022 outlook

    The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

    By Aug. 4, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv whittles workforce

    The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

    By Aug. 4, 2022
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    Fizkes via Getty Images

    B2B drives Q2 payments growth: Nacha

    Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

    By Tatiana Walk-Morris • Aug. 3, 2022
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    Drew Angerer via Getty Images

    PayPal takes new direction with Elliott

    The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

    By Aug. 3, 2022
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    grandriver via Getty Images

    Wex profits soar on rising fuel prices

    Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles. 

    By Aug. 2, 2022
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    hqrloveq via Getty Images

    Amex rolls out B2B digital payment tool

    American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.

    By Aug. 2, 2022
  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021

    Global Payments buys Evo at a premium

    Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.

    By Aug. 1, 2022
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    urbazon via Getty Images

    Mobile wallets gain traction in bill payments: survey

    Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.

    By Tatiana Walk-Morris • Aug. 1, 2022
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    Retrieved from Loves Furniture & Mattresses on January 11, 2021
    Column

    CEOs Sound Off: Payments execs navigate economic turmoil

    CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

    By July 29, 2022
  • Mastercard point of sale, retail
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    Courtesy of Mastercard

    Mastercard earnings get cross-border lift

    “We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

    By July 28, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv confronts profit margin pressure

    Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.

    By July 27, 2022
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    Mark Wilson via Getty Images

    Balance raises $56M for B2B payments

    The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

    By Tatiana Walk-Morris • July 26, 2022
  • Amazon's Prime Day logo for 2022.
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    Courtesy of Amazon

    Amazon opens a new wallet for sellers

    The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

    By July 26, 2022
  • Side-by-side screenshots of Instacart's app and website
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    Courtesy of Instacart

    Grocery company Albertsons rolls out SNAP online payment

    The company now offers the purchasing capability at five banners through its own platform as well as the Instacart app.

    By Catherine Douglas Moran , Jeff Wells • July 25, 2022