Visa spends ‘billions’ battling cybersecurity threats

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

By Lynne Marek • March 11, 2024

JPMorgan to launch biometric checkout next year

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

By Caitlin Mullen • March 11, 2024

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

IHG approves slew of hotel digital tipping solutions

The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.

By Noelle Mateer • March 11, 2024

Apple reverses decision on blocking Epic

“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.

By James Pothen • March 8, 2024

Fleetcor invests in Brazilian mobile app business Zapay

Fleetcor’s investment this week follows other payments companies, including Visa, in investing in Brazilian businesses.

By Lynne Marek • March 8, 2024

Apple blocks Epic’s rival app store

“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.

By James Pothen • March 7, 2024

PayPal CEO prioritizes bettering branded services

Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.

By Lynne Marek • March 7, 2024

Huck’s adds touchless payments for fleets

The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.

By Jessica Loder • March 6, 2024

US Health Dept. offers assistance in wake of Change cyberattack

Healthcare providers have reported significant challenges to their day-to-day operations, including problems receiving payment from patients and insurers.

By Emily Olsen • March 6, 2024

i2c pursues bank clients abroad

The issuing-processing fintech sees a bigger opportunity in regions outside the U.S. to sell its core banking services, founder and CEO Amir Wain said.

By Caitlin Mullen • March 6, 2024

BP to upgrade mobile app, POS system

The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.

By Brett Dworski • March 6, 2024

Google allows alternatives in Europe, cracks down in India

The tech giant said it will expand in-app payments options in the EU, while cracking down on apps in India that it said refused to pay its fees.

By James Pothen • March 6, 2024

$1.95B Apple fine is eye-catching, but EU faces tough road collecting

“While we respect the European Commission, the facts simply don’t support this decision. And as a result, Apple will appeal,” the tech giant said Monday.

By Robert Freedman • March 5, 2024

EU fine challenges Apple’s payments business

The tech giant is fighting “tooth and nail” to protect its commission from in-app purchases, Consumer Reports Senior Researcher Sumit Sharma said.

By James Pothen • March 5, 2024

Fiserv lines up FedNow clients

The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.

By Lynne Marek • March 5, 2024

Amex cardholder data exposed in merchant processor hack

The point-of-sale attack on a merchant processor may have compromised card numbers, expiration dates and cardholder names, Amex said in a state regulatory filing.

By Caitlin Mullen • March 5, 2024

Cash App enforcement action expected this year

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

By Lynne Marek • March 4, 2024

Zelle transactions jumped 28% last year to $806B

The peer-to-peer payment app provided a performance update, with transactions volume and value both up about 30% from the previous year.

By James Pothen • March 4, 2024

Klarna news may confirm workers’ worst fears: AI replacement

FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.

By Caroline Colvin • March 1, 2024

Affirm preps for UK launch

Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.

By Caitlin Mullen • March 1, 2024

Green Dot faces Fed’s proposed consent order

The digital bank set aside $20 million to cover a potential penalty stemming from compliance risk management issues predating the company’s current management.

By Gabrielle Saulsbery • Feb. 29, 2024

Treasury Department to develop financial inclusion strategy

The department is considering how to measure and improve financial inclusion across payments and other financial services.

By Tatiana Walk-Morris • Feb. 29, 2024

Fiserv ponders M&A

CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.

By Caitlin Mullen • Feb. 29, 2024

Apple begins sharing BNPL data with Experian

The development may spur rival BNPL providers to follow suit, according to Ed deHaan, a professor at the Stanford Graduate School of Business. 

By James Pothen • Feb. 29, 2024

App features bolster Zip’s US revenue growth

Gamified repayment and variable first installments were two features that CEO Cynthia Scott said contributed to the BNPL company’s U.S. revenue growth.

By James Pothen • Feb. 28, 2024