Banking technology provider Amount cut 25% of staff

The Chicago-based fintech, which was valued at $1 billion in 2021, recently initiated its second round of layoffs in less than a year.

By Anna Hrushka • March 6, 2023

PayPal leans on Venmo for growth

While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.

By Lynne Marek • March 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

Senators urge regulators to keep close eye on Zelle

Five Democrats blasted the platform for its use of murky language, such as “authorized” transactions, in fraud-related reimbursements of customers.

By Rajashree Chakravarty • March 6, 2023

Jack Henry, ACI pounce on FedNow

The companies are gearing up to add U.S. real-time services for customers with the mid-year launch of the Federal Reserve instant payments system.

By Lynne Marek • March 3, 2023

Square raises prices

The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

By Caitlin Mullen • March 2, 2023

Fiserv discloses 7% drop in workforce

As the company cut 3,000 employees, Fiserv’s employee termination costs nearly doubled to $187 million in 2022.

By Caitlin Mullen • March 2, 2023

Shift4 adds PayPal’s checkout tools

Shift4 will promote the digital payments giant’s checkout capabilities to merchants and receive a share of revenue for any PayPal checkout.

By Caitlin Mullen • March 1, 2023

Mastercard embraces nationalism

The card company isn’t shying away from countries in which the governments are taking a more insular approach to building their payments systems.

By Lynne Marek • March 1, 2023

Klarna’s growth comes at a cost

The buy now, pay later pioneer kept up growth despite employee cuts last year. The credit loss rate edged up too.

By Lynne Marek • Feb. 28, 2023

Sezzle ekes out a profit

The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

By Caitlin Mullen • Feb. 28, 2023

Remitly to shutter digital banking platform Passbook

The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.

By Anna Hrushka • Feb. 27, 2023

Paymentus bets on office return boost

New business bookings and onboarding of signed clients have both picked up steam as workers return to offices, said Paymentus CEO Dushyant Sharma.

By Caitlin Mullen • Feb. 27, 2023

Transparency key to crypto’s next phase: Circle CFO

USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

By Grace Noto • Feb. 24, 2023

Green Dot juggles customer changes

The banking-as-a-service company posted profits in the final quarter of last year even as it recovered from the loss of clients.

By Lynne Marek • Feb. 24, 2023

Block boosts Ahuja’s responsibilities

Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

By Caitlin Mullen • Feb. 24, 2023

GoDaddy launches payable domain service

GoDaddy now offers its business owner clients a digital payment tool that is customizable to their company branding.

By Tatiana Walk-Morris • Feb. 24, 2023

FedNow aims to avoid Zelle-type fraud

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

By Lynne Marek • Feb. 23, 2023

Same-day, B2B payments fuel ACH growth

Last year’s same-day ACH limit increase helped nearly double that category’s total payment compared to 2021, Nacha said.

By Tatiana Walk-Morris • Feb. 23, 2023

Discover launches tech website

The card company joined the Linux Foundation and Fintech Open Source Foundation as part of a broader investment into its developer ecosphere.

By Matt Ashare • Feb. 23, 2023

Paymentus hands interim CFO severance benefits

The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.” 

By Maura Webber Sadovi • Feb. 16, 2023

Toast acquires drive-thru tech company

Adding Delphi Display Systems’ technology helps Toast more broadly serve its quick-service restaurant customers, the company’s executives said.

By Caitlin Mullen • Feb. 16, 2023

Branch draws Uber, others into fold

After landing Uber as a client, the worker payment services company has recently attracted other logistics and delivery clients with help from that big name.

By Caitlin Mullen • Feb. 16, 2023

Payments firms gear up for new ISO standard

The Clearing House and other payments players, including Swift, are readying for the March rollout of a international payments standard.

By Lynne Marek • Feb. 15, 2023

Coen stores add Grabango checkout technology

As the frictionless locations go into service, Grabango’s CEO Will Glaser sees the technology gaining traction in coming years.

By Jessica Loder • Feb. 15, 2023

SpotOn aims to unseat restaurant rivals

The restaurant payments and software company is battling Toast and Square and taking on legacy payments companies such as NCR and Oracle.

By Caitlin Mullen • Feb. 14, 2023