Apple Pay Later makes gains: survey

Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.

By James Pothen • July 25, 2023

How FedNow may affect businesses

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

By Suman Bhattacharyya • July 25, 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

Payments venture funding skids

Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.

By Lynne Marek • July 24, 2023

Will payments M&A pick up after slow start?

Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.

By Caitlin Mullen • July 24, 2023

Square’s new GM for restaurants targets bigger operators

Ming-Tai Huh shares how his position as a restaurant operator and a tech executive has given him a singular view of the restaurant industry’s challenges.

By Aneurin Canham-Clyne • July 21, 2023

FedNow’s launch ‘is just the start’

Direct access to the Fed’s payments system for nonbanks — specifically payments companies — will push the U.S. more fully into payments modernization, writes an executive from cross-border payments company Wise.

By Brigit Carroll • July 21, 2023

Apple pursues global payments, pushing into Morocco

The tech giant also launched the app in South Korea in March, and in four Latin American countries in May.

By James Pothen • July 20, 2023

Whole Foods to deploy Amazon One chainwide

The chain plans to offer the palm recognition and payment system at all of its more than 500 stores by the end of 2023, Amazon announced Thursday.

By Sam Silverstein • July 20, 2023

Clair CEO welcomes on-demand pay regulation

Clair CEO Nico Simko weighed in on whether EWA is a payday loan and how the company offers fee-free wage access.

By James Pothen • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system arrived right on time, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Flywire, Tencent partner on cross-border education payments

The international payments software firm aims to give Chinese students abroad a tool for paying tuition using their home country’s most popular digital wallet.

By James Pothen • July 19, 2023

Toast axes 99-cent fee

The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.

By Caitlin Mullen • July 19, 2023

Frictionless checkout becomes increasingly popular at stadiums

Allegiant Stadium in Las Vegas just added its 10th frictionless store as the trend at sporting ventures expands.

By Jessica Loder • July 18, 2023

Fintech funding drops in 2Q

While there was a drought of venture capital for payments startups and other fintechs in the first half of the year, industry reports spot potential for new flows in the second half.

By Lynne Marek • July 18, 2023

BNPL app downloads decline

In the U.S., total BNPL app downloads for the second quarter fell 19% compared to the year-ago period, Bank of America Securities analysts said.

By Caitlin Mullen • July 17, 2023

Dollar General rolls out new cash rewards program

The new program allows customers to earn cash back in their digital wallets from the chain store on eligible purchases.

By Catherine Douglas Moran • July 14, 2023

Apple debuts recurring payments

The tech giant, now valued at $3 trillion, is continuing to expand its financial offerings after debuting a buy now, pay later feature and a savings account earlier this year.

By James Pothen • July 14, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

By Lynne Marek • July 14, 2023

Consumers, SMBs prize security in cross-border payments: survey

Trust and transparency of fees were other key factors for consumers and businesses choosing a cross-border payment provider, a Swift survey revealed.

By Caitlin Mullen • July 14, 2023

Payoneer to cut nearly 10% of employees

The cross-border payments company plans to reinvest the savings in future growth, with hiring in research and development.

By James Pothen • July 13, 2023

Discover pulls new CIO from Wells Fargo

Jason Strle, a 20-year tech vet, succeeds Amir Arooni, who spent nearly three years as the financial services company's CIO.

By Matt Ashare • July 13, 2023

Will Toast get burned by 99-cent fee?

The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.

By Caitlin Mullen • July 12, 2023

Twitter snags money transfer license in Arizona

That’s the fourth state in which the social media company has received a license, inching it closer to creating the payments tool and super-app envisioned by owner Elon Musk.

By James Pothen • July 12, 2023

Criminals stole $20M from Revolut via payment loophole: report

Differences in the firm’s U.S. and European systems meant the neobank would use its own money to erroneously refund certain declined payments, the Financial Times reported.

By Anna Hrushka • July 11, 2023

Missouri follows Nevada in enacting EWA law

The new legislation creates a requirement that earned wage access providers operating in Missouri must register with the state.

By James Pothen • July 11, 2023