Senators prod CFPB on BNPL oversight

Three Democratic lawmakers worried about financially vulnerable consumers during the holiday shopping season urged the Consumer Financial Protection Bureau to keep an eye on buy now, pay later offerings.

By Lynne Marek • Dec. 19, 2023

Amex EVP weighs in on fraud trends

Beating back fraud can feel “a bit like a vicious circle,” as the industry improves its capabilities and fraudsters pivot, said Tina Eide, an executive vice president focused on fraud at the card issuer.

By Caitlin Mullen • Dec. 19, 2023

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

SEC won’t budge on crypto regulation

In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.

By Robert Freedman • Dec. 18, 2023

Visa seeks majority stake in Mexico payments processor

The card network giant said it plans to purchase a controlling interest in Prosa, with banks retaining a minority stake, subject to regulatory approvals.

By Lynne Marek • Dec. 15, 2023

Simon Khalaf channels energy into scaling Marqeta

Serial entrepreneur and tech executive Simon Khalaf is known for his boundless enthusiasm and energy. Now, the Marqeta CEO is tasked with taking the card issuing fintech to the next level amid increased competition.

By Caitlin Mullen • Dec. 15, 2023

Fraud emerges as concern for FedNow users

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

By Lynne Marek • Dec. 15, 2023

Senators keep pressure on PayPal, Block

Senate Democrats urged top executives at PayPal and Block, in another round of letters, to improve reimbursement for victims of payment scams.

By Lynne Marek • Dec. 14, 2023

Authorized payment scams climb in US

Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

By Tatiana Walk-Morris • Dec. 14, 2023

Google-Epic trial outcome undercuts app payment model

The jury verdict in favor of Epic Games challenges the Google Play app store model that forces payments through its system, with fees up to 30% on sales.

By Robert Freedman • Dec. 13, 2023

Google Pay taps Affirm, Zip for BNPL

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

By Caitlin Mullen • Dec. 13, 2023

FedNow may have spurred RTP adoption

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

By Lynne Marek • Dec. 13, 2023

ValueAct chops Fiserv stake: analyst

The activist investor has cut its ownership by about two-thirds, a sign that it might be satisfied with the payment company’s progress, Monness, Crespi, Hardt & Co. analyst Gus Galá says.

By Caitlin Mullen • Dec. 12, 2023

Mastercard ties growth to digital strategy

The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.

By Lynne Marek • Dec. 11, 2023

4 ways to “Break the Cycle” and leave manual reimbursements in the past

Manual travel reimbursements cost companies time and money yet remain common in corporate policies.

Dec. 11, 2023

Flutterwave lands state money licenses

The African payments company launched its remittance app in August as part of a push to facilitate more payments between the U.S. and Africa.

By James Pothen • Dec. 8, 2023

Amazon drops Venmo users

Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.

By Lynne Marek • Dec. 7, 2023

Stripe switches up board members: report

The digital payments company replaced one director and added another, increasing the representation from Sequoia Capital entities, a trade publication reported.

By James Pothen • Dec. 7, 2023

Fiserv resurrects growth officer role for M&A focus

The payments processor has hired an enterprise growth officer who will zero in on M&A, strategy and ventures for the company.

By Caitlin Mullen • Dec. 7, 2023

PayPal taps Fiserv exec for top post

PayPal’s new CEO is making executive suite changes, creating a president of global markets post and tapping a payments industry veteran for the role.

By Lynne Marek • Dec. 6, 2023

PayPal venture arm backs Israeli data privacy startup

The funding boost comes as data privacy management startup Mine seeks to increase its hiring in the U.S.

By Alexei Alexis • Dec. 5, 2023

Tipalti investigating ransomware attack

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

By Matt Kapko • Dec. 5, 2023

BNPL growth decelerates: Bank of America

The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

By Tatiana Walk-Morris • Dec. 5, 2023

Bill to cut 15% of workforce

The business payments software provider also said it’s closing its office in Sydney, Australia, as part of a broader restructuring.

By Caitlin Mullen • Dec. 5, 2023

Breaking down payments challenges: Fintechs vs traditional finance

Leaders are confronting growing challenges across their payment operations.

Dec. 4, 2023

Convenience retailer Yesway adopts Relay’s fuel payment software

Relay’s cardless purchasing capability allows more fleets and drivers to avoid fraud caused by card skimming, the logistics payment company said.

By Brett Dworski • Dec. 1, 2023