Worldpay spin-off hands FIS mixed bag

The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

By Lynne Marek • May 18, 2023

ACI boots chief technology officer

ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

By Caitlin Mullen • May 18, 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

Square adds franchise platform

Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.

By Julie Littman • May 17, 2023

PayPal considers Xoom sale: report

The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

By Lynne Marek • May 17, 2023

PayPal urged to accelerate CEO search

The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

By Lynne Marek • May 16, 2023

Revolut CFO leaves digital bank for ‘personal reasons’

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

By Grace Noto • May 15, 2023

Catch chases in-store opportunity

Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

By Caitlin Mullen • May 15, 2023

How to advance cross-border B2B payments

“Regional regulatory bodies must work together on common financial standards that support multilateral payment systems if we are to make progress,” writes one payments professional.

By Scott Frisby • May 15, 2023

Paysend charges into US market

From a new U.S. headquarters in Miami, the British cross-border payments company is pitching services to U.S. businesses and consumers.

By Lynne Marek • May 12, 2023

Everee takes on EWA providers

The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.

By Lynne Marek • May 11, 2023

Convenience chain adds Amazon palm pay

Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

By Jessica Loder • May 11, 2023

Marqeta to cut workforce by 15%

The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

By Lynne Marek • May 10, 2023

What does the buy now, pay later boom mean for food retailers?

As more shoppers turn to short-term loans to buy groceries, there may be a shift in how people think about paying for essential goods, experts say.

By Sam Silverstein • May 10, 2023

PayPal growth driven by Braintree

PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.

By Lynne Marek • May 9, 2023

Green Dot braces for profit margin pressure

Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

By Caitlin Mullen • May 8, 2023

Shopify cuts 20% of workforce

The e-commerce platform’s cuts announced Thursday affect about 2,300 jobs, based on the company’s most recent headcount.

By Nate Delesline III • May 5, 2023

Block boosts compliance spending to $160M

Square parent Block is increasing compliance spending on personnel and software this year.

By Caitlin Mullen • May 5, 2023

Shift4 snags Focus POS for $45M

The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.

By Caitlin Mullen • May 4, 2023

Jack Henry preps clients for FedNow

The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.

By Caitlin Mullen • May 3, 2023

Andreessen Horowitz partners spy payments play

Gaming, cannabis and telehealth are some of the “high-risk” niches that would benefit from more vertical-specific payments software, two partners for the firm contend.

By Lynne Marek • May 3, 2023

Finix takes aim at processor incumbents

Now certified as a processor, Finix seeks to take on legacy and fintech rivals.

By Caitlin Mullen • May 3, 2023

FDIC proposes higher insurance coverage for payroll accounts

Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts — would merit higher deposit insurance coverage.

By Anna Hrushka • May 2, 2023

CSI targets $1B in annual revenue

The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.

By Lynne Marek • May 2, 2023

Fiserv arms vendors with text payment tool

Payment processor Fiserv this week began broadly offering a new tool that lets merchants text customers for payment.

By Caitlin Mullen • May 2, 2023

Walmart, Kroger eye instant payments

The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.

By Lynne Marek • May 1, 2023