Brex co-CEO: Fintech took ‘reputation hit’ after dropping customers

Co-CEO and cofounder Henrique Dubugras regrets Brex’s handling of its June customer base changes, but said narrowing the company’s focus on startups was the right call.

By Caitlin Mullen • Nov. 8, 2022

FedNow gives fee holiday in 2023

Federal Reserve banks introducing the new instant payments system next year will jettison customer transfer and participation fees for the launch.

By Lynne Marek • Nov. 7, 2022

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

Block pledges to curb spending

The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.

By Caitlin Mullen • Nov. 4, 2022

PayPal girds for slowdown, leans on Apple, Amazon

The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.

By Lynne Marek • Nov. 4, 2022

Musk aims Twitter at payments

Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.

By Lynne Marek • Nov. 3, 2022

Stripe chops workforce for ‘leaner times’

The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

By Lynne Marek • Nov. 3, 2022

Fiserv scoops up Nextable

With the latest acquisition, Fiserv is further strengthening its restaurant chops, adding cloud-based reservation and table management to its BentoBox operation.

By Caitlin Mullen • Nov. 3, 2022

Global Payments leans into fintechs

As it pursues more fintech clients, the payments processor sees B2B and commercial cards as areas ripe for expansion.

By Jonathan Berr • Nov. 3, 2022

MoneyGram dives deeper into crypto

The money transfer company said it’s adding a new crypto feature to its mobile app, expanding on an attempt to appeal to a younger client set.

By Tatiana Walk-Morris • Nov. 2, 2022

6 payments takeaways from big consulting firms

Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends.

By Caitlin Mullen , Lynne Marek , Jonathan Berr • Nov. 2, 2022

Honeywell jumps into mobile payments battle

The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.

By Lynne Marek • Nov. 1, 2022

Warren urges CFPB crackdown on Zelle fraud

Sen. Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

By Anna Hrushka • Oct. 31, 2022

Jack Henry debuts P2P payments tool

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

By Tatiana Walk-Morris • Oct. 31, 2022

Deluxe aims to add crypto

The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.

By Lynne Marek • Oct. 31, 2022

Mitigating fraud in the payments industry

Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data.

Oct. 31, 2022

Papaya builds cross-border payroll services

The well-funded startup is taking on big clients and rivals in seeking to offer cross-border payroll payment services, with checks sent to workers in 72 hours.

By Lynne Marek • Oct. 28, 2022

Shoppers turn to installment payments for holidays: report

Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

By Tatiana Walk Morris • Oct. 27, 2022

Fiserv sheds Korea unit, plans move to Milwaukee

After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

By Caitlin Mullen • Updated Oct. 28, 2022

Ukraine raises fraud concerns, Stripe exec says

The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight.

By Suman Bhattacharyya • Oct. 26, 2022

CFPB aims to give ‘open banking’ rule teeth in 2024

The bureau's chief, Rohit Chopra, laid out the timeline this week for a rule change meant to make it easier for consumers to break up with their banks.

By Gabrielle Saulsbery • Oct. 26, 2022

FedNow will be a ‘public utility model,’ Waller says

The central bank governor equated the nascent system with an interstate highway on which private companies will provide "on-ramps" and "off-ramps."

By Lynne Marek • Oct. 26, 2022

Discover tightens underwriting

Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.

By Caitlin Mullen • Oct. 26, 2022

Amazon rolls out Venmo payment option

The e-commerce giant’s new payment method was first teased in an announcement from Venmo owner PayPal last year.

By Dani James • Oct. 25, 2022

Fintechs party like it’s 2021 at Money 20/20

Thousands of payments and fintech professionals at the Money 20/20 conference in Las Vegas this week are racing ahead with high-growth businesses, even as a drop-off in capital threatens to ruin the celebration.

By Lynne Marek • Oct. 25, 2022

Fiserv divestiture hints at strategy shift

As payments companies face economic headwinds, Fiserv and its peers “may try to focus on their strongest market positions versus more ancillary opportunities,” said Oppenheimer & Co. analyst Dominick Gabriele. 

By Caitlin Mullen • Oct. 24, 2022