Jack Henry, Visa see escalating FedNow volume

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

By Lynne Marek • May 9, 2024

US leads global commercial card market: report

The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

By James Pothen • May 8, 2024

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

Will EWA payments expand with real-time?

While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.

By Lynne Marek • May 7, 2024

Block integrates Afterpay with Cash App card

The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”

By James Pothen • May 7, 2024

Fed, TCH joust over interoperability

When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.

By Lynne Marek • May 7, 2024

How to accelerate revenue with payment optimization

One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing.

May 6, 2024

How to reduce risk and save cash with Pull-ACH

Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 2024

Pay-by-bank holds promise

“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

By Eric Shoykhet • May 3, 2024

Block’s Dorsey rebuffs compliance allegations

The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.

By James Pothen • May 3, 2024

Automatic age verification comes to self-checkout

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

By Jessica Loder • May 3, 2024

Amazon makes a subscription play

The giant digital retailer has created a new payment flow connected to groceries.

By Catherine Douglas Moran • May 1, 2024

US inches forward on real-time payments: report

“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” ACI Worldwide said.

By James Pothen • May 1, 2024

Stripe unbundles services as industry shifts

The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

By James Pothen • May 1, 2024

Real-time consumer payments need standards to rise

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

By Lynne Marek • April 30, 2024

How Love’s is remaking stores and checkout

The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

By Jessica Loder • April 29, 2024

Why financial institutions should embrace ISO 20022

Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

By Sylvie Boucheron-Saunier • April 26, 2024

FedNow pricing aimed at avoiding market disruption

The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

By James Pothen , Lynne Marek • April 25, 2024

EWA providers hail new Kansas law

Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.

By Lynne Marek • April 25, 2024

Fed seeks 8,000 financial institutions for FedNow

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

By Lynne Marek , James Pothen • April 25, 2024

Walmart offers a new BNPL option: report

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

By Caitlin Mullen • April 24, 2024

Ramp may target US startups this year: report

After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

By James Pothen • April 23, 2024

Klarna expands reach with Uber partnership

The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

By James Pothen • April 23, 2024

Video game industry preps for oversight

The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.

By James Pothen • April 22, 2024

Fed courts nonbanks for FedNow growth

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

By Lynne Marek • April 22, 2024

Codat seeks to topple check fraud with virtual card adoption

JPMorgan Chase is an early user of Codat’s Supplier Enablement product, which launched last week.

By Gabrielle Saulsbery • April 22, 2024