SBA to open flagship lending program to fintechs

A new rule, which takes effect May 11, ends a 40-year moratorium on admitting new nonbank lenders to the agency’s 7(a) loan program.

By Anna Hrushka • April 12, 2023

CFPB director wants some payments firms labeled systemically important

The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.

By Anna Hrushka • April 12, 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

FTV Capital hunts payments prizes

Venture capital firms face challenges in picking payments and fintech investments amid the wreckage and waiting for the right prices.

By Caitlin Mullen • April 12, 2023

Amazon paytech added to Whole Foods stores

Eleven of the specialty grocery chain’s locations in Colorado are now equipped with Amazon One technology, the e-commerce giant’s palm-based frictionless checkout option.

By Peyton Bigora • April 11, 2023

Visa forges new tie to PayPal

Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

By Lynne Marek • April 11, 2023

Pavilion Payments plots growth

The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

By Caitlin Mullen • April 11, 2023

Sezzle CEO embraces company’s underdog status

Charlie Youakim, co-founder of the buy now, pay later company, said the company has defied the odds in carving its own path. “Every step is a little bit unusual,” he said.

By Caitlin Mullen • April 10, 2023

North American Bancard taps Virtualitics’ AI tech

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

By Tatiana Walk-Morris • April 7, 2023

Stripe’s growth slows

In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups. 

By Caitlin Mullen • April 6, 2023

Cash App founder dead after stabbing, police say

No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

By Gabrielle Saulsbery • April 5, 2023

BlackRock CEO knocks US payments system

The leader of one of the biggest asset managers in the world doesn’t think the U.S. payments system is keeping pace.

By Lynne Marek • April 5, 2023

PayPal expands tie with Live Nation

The digital payments pioneer, facing more competition in the checkout space, this week announced moves to serve large corporate customer Live Nation and small businesses.

By Caitlin Mullen • April 5, 2023

7-Eleven, Circle K ramp up bitcoin ATMs

The retailers are partners with Coinhub, which is bringing about 1,000 machines to convenience stores around the country.

By Brett Dworski • April 5, 2023

ConnexPay takes aim at bigger rivals

The payments gateway startup, which handles acquiring and issuing, is positioning itself as a nimbler competitor to the likes of Stripe and Wex.

By Caitlin Mullen • April 4, 2023

EWS readies Paze to help banks take on digital wallet market

Even with the backing of the nation’s largest banks, the platform, set for a June launch, will have adoption and security hurdles to overcome to grab a slice of the digital wallet market, industry experts say.

By Anna Hrushka • April 3, 2023

FedNow gives banks a leg up against fintechs

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

By Carlos Kazuo Missao • April 3, 2023

Index Ventures partner talks fintech fundraising

An investor at a VC firm that’s backed payments players Adyen, Plaid and Wise says it’s the right environment “to craft interesting deals.” 

By Caitlin Mullen • March 31, 2023

FedNow eyes cross-border enhancements

The new real-time payments system from the Federal Reserve will arrive in July, and officials are already considering a cross-border upgrade.

By Lynne Marek • March 31, 2023

Block defends against short seller allegations

The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

By Caitlin Mullen • March 30, 2023

FleetCor, Corcentric name new CFOs

The business-focused payments companies are the latest to name new CFOs as churn in the industry continues.

By Elizabeth Flood • March 30, 2023

US remains a laggard in real-time payments: report

Though the U.S. lags behind other countries, the Federal Reserve is preparing to launch its own real-time payments infrastructure.

By Tatiana Walk-Morris • March 30, 2023

Synchrony mulls creating a digital wallet

The private label card company behind many retailers’ credit options may develop its own digital wallet, but for now it’s deferring to others’ wallets.

By Lynne Marek • March 29, 2023

Analysts call on Block to share anti-fraud details

Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

By Caitlin Mullen • March 29, 2023

Apple rolls out initial BNPL service

The tech giant delivered an initial version of its long-awaited buy now, pay later service for select U.S. users, with plans for a broader launch later this year.

By Lynne Marek • March 29, 2023

Senators urge BNPL crackdown

Three Democratic U.S. senators pressed the Consumer Financial Protection Bureau to bring big buy now, pay later providers under federal oversight.

By Caitlin Mullen • March 28, 2023