Is X unfit to hold state money licenses?

Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

By James Pothen • Sept. 21, 2023

Amazon adds RFID to cashierless tech

The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.

By Tatiana Walk-Morris • Sept. 20, 2023

Explore the Trendline➔

Embedded payment tools make inroads

Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

By Payments Dive staff

EMVCo floats click-to-pay guidelines

The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.

By Tatiana Walk-Morris • Sept. 20, 2023

Stadium payments competition heats up

Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.

By Caitlin Mullen • Sept. 20, 2023

Citi launches token service for institutional clients

The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant, cross-border payments 24/7, the bank said.

By Rajashree Chakravarty • Sept. 19, 2023

Connecticut moves to regulate EWA

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

By Lynne Marek • Sept. 19, 2023

Brex adds AI tool

Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.

By Alexei Alexis • Sept. 19, 2023

Square CEO to depart

Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.

By Caitlin Mullen • Sept. 18, 2023

Digital dollar bill resurfaces in Congress

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

By Lynne Marek • Sept. 18, 2023

Small businesses embrace digital payments

Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.

By Tatiana Walk-Morris • Sept. 17, 2023

Payments at MGM Resorts disrupted by cyberattack

The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.

By David Jones • Sept. 15, 2023

Grabango lays off employees across several departments

The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company.

By Brett Dworski • Sept. 15, 2023

CEO out at embattled Binance.US

Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.

By Gabrielle Saulsbery • Sept. 14, 2023

FIS battles higher labor costs

The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.

By Lynne Marek • Sept. 14, 2023

Square apologizes for last week’s outage

Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

By Caitlin Mullen • Sept. 14, 2023

Fed officials tout FedNow, seek adoption

Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.

By Lynne Marek • Sept. 13, 2023

Visa tracks spike in retail, e-commerce fraud

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

By Tatiana Walk-Morris • Sept. 13, 2023

Stax CEO zeroes in on embedded payments

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

By Caitlin Mullen • Sept. 12, 2023

5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

By Suman Bhattacharyya • Sept. 11, 2023

PayPal CEO stresses stablecoin potential

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

By Lynne Marek • Sept. 11, 2023

Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

By Caitlin Mullen • Sept. 11, 2023

How digital value unlocks new opportunities in fintech

Digital value networks are innovating payments in a way that traditional processes struggle to support. 

By Aron Alexander, CEO and Founder of Runa • Sept. 11, 2023

Convenience store company credits ‘improved labor situation’ to AI-powered self-checkout

The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.

By Brett Dworski • Sept. 8, 2023

PayPal expands tie with Meta

The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.

By Lynne Marek • Sept. 8, 2023

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

By James Pothen • Sept. 8, 2023