Ramp acquires AI-powered Cohere

The finance automation platform said it acquired the startup to help drive AI-powered projects and solve problems for its customers.

By Rajashree Chakravarty • July 6, 2023

FIS to sell Worldpay stake to GTCR

Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion. 

By Lynne Marek • July 6, 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

Goldman in talks to transfer Apple card deal to Amex: reports

The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.

By Gabrielle Saulsbery • July 5, 2023

NCR outlines ATM spin-off strategy

The separation of NCR’s ATM business and its digital commerce operations occurred in the fourth quarter of last year.

By Caitlin Mullen • June 30, 2023

Moody’s report spotlights FedNow downside

The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.

By Lynne Marek • June 30, 2023

GetGo offering mobile-pay fuel discounts for July 4

GetGo’s mobile payments promotion adds to the handful of initiatives the company has undertaken in recent months, including installing bitcoin ATMs at some locations.

By Jessica Loder • June 30, 2023

DoorDash adds SNAP payments

DoorDash added the ability to use SNAP EBT online payments for on-demand delivery of eligible grocery items as part of numerous updates to its app.

By Catherine Douglas Moran , Julie Littman • June 29, 2023

Car IQ links with PDI to expand c-store payment network

The partnership will make vehicle-recognition payments for fleet owners available to more retailers across the country.

By Jeff Wells • June 29, 2023

Tops grocery starts accepting SNAP EBT payments online

The food waste-reduction service worked with payments processor Forage to allow SNAP shoppers to place pickup orders for items nearing their expiration dates at participating Tops stores.

By Sam Silverstein • June 29, 2023

Visa to acquire Pismo for $1B

Visa said it has agreed to acquire the Brazilian company to provide more card issuing and banking services to fintechs and financial institutions.

By Lynne Marek • June 29, 2023

Square tests credit card for merchants

The card aimed at providing more financial services to merchants comes amid a slew of competition to serve that clientele.

By Caitlin Mullen • June 28, 2023

Starbucks reverts to cash amid tech glitch

The coffee retailer was only able to accept cash and Starbucks App payments on Monday during a company-wide technology snafu.

By James Pothen • June 27, 2023

Alivia Analytics scans for healthcare payments fraud

With new leadership installed since October, including a new CEO and board member, Alivia Analytics is fighting payments fraud in the healthcare sector.

By Joseph Burns • June 26, 2023

ATMs dwindle for third straight year

Can ATMs justify their existence in an increasingly cashless world?

By James Pothen • June 23, 2023

Amazon Go closures continue

The shuttering of a Seattle location is the ninth closure this year for Amazon’s automated-checkout convenience store concept.

By Jessica Loder • June 22, 2023

US servicemembers ensnared by digital payment app scams

Servicemember complaints about digital payment apps surged last year, according to a CFPB report, which also highlighted military families’ susceptibility to payments fraud.

By Lynne Marek • June 22, 2023

Shopify taps Adyen in bid for bigger clients

Canadian e-commerce company Shopify is upgrading its integration with Dutch fintech Adyen in an effort to serve larger merchants in North America, and on the international stage.

By Caitlin Mullen • June 21, 2023

Shell updates payment technology

The technology from Gilbarco Veeder-Root will update payment touchpoints at 13,000 of the fuel company’s U.S. pump locations. 

By Jessica Loder • June 20, 2023

Fraud losses to surpass $40B by 2027: report

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

By Tatiana Walk-Morris • June 16, 2023

Nevada governor signs first state EWA law

Backers of the law establishing a licensing process for earned wage access providers operating in the state say it’s the first of its kind in the U.S.

By Lynne Marek • June 16, 2023

Visa launches fintech accelerator in Africa

The program is part of Visa’s effort to invest $1 billion in the continent’s digital transformation over five years.

By James Pothen • June 14, 2023

CFPB to hover as open banking evolves

The agency is eager to encourage open banking in the U.S., with plans for a rule proposal and oversight of standard-setting in the evolving arena.

By Lynne Marek • June 14, 2023

Banks too slow to address P2P payment scams, CFPB’s Chopra says

“They have been very slow to take action,” the bureau’s director said Tuesday, when asked if banks were creating frameworks to combat fraud and scams conducted on peer-to-peer payment platforms.

By Anna Hrushka • June 14, 2023

Global Payments mulls price increases

Global Payments CEO Cameron Bready called the payment services pricing environment “favorable” in light of increases rivals have made.

By Caitlin Mullen • June 14, 2023

Get ready for FedNow

“In the U.S., we never kill payment systems,” writes Modern Treasury cofounder Sam Aarons. “People still write paper checks. But the future of money, especially inside larger enterprises, is instant payments.”

By Sam Aarons • June 13, 2023