Central Payments snags $30M

The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.

By Tatiana Walk-Morris • Aug. 15, 2022

Square integrates with digital signage provider Raydiant

New digital integrations could differentiate Block-owned Square within an increasingly competitive point-of-sale and fintech category.

By Alicia Kelso • Aug. 15, 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

Auto dealers tap U.S. Bank for real-time payments

U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

By Tatiana Walk-Morris • Aug. 12, 2022

Toast gets growth spurt in restaurant payments

The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

By Lynne Marek • Aug. 11, 2022

Flywire posts net loss despite customer wins

The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

By Jonathan Berr • Aug. 11, 2022

BNPL faces headwinds from rising rates, inflation: Fitch

Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

By Debbie Carlson • Aug. 10, 2022

Jack Henry & Associates buys Payrailz

Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

By Jonathan Berr • Aug. 10, 2022

Paystand buys Yaydoo in Latin American push

Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

By Jonathan Berr • Aug. 9, 2022

Payments buyout burst in August signals more M&A

A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

By Lynne Marek • Aug. 9, 2022

Let the credit card battle begin

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

By Lynne Marek • Aug. 8, 2022

Visa, Mastercard react to Pornhub ruling

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

By Lynne Marek • Aug. 5, 2022

Block pulls back on expenses

The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

By Caitlin Mullen • Aug. 5, 2022

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

Gucci expands crypto payment options to ApeCoin, Euro Coin

More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

By Tatiana Walk-Morris • Aug. 4, 2022

FIS reduces 2022 outlook

The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

By Lynne Marek • Aug. 4, 2022

Fiserv whittles workforce

The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

By Caitlin Mullen • Aug. 4, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

PayPal takes new direction with Elliott

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

By Lynne Marek • Aug. 3, 2022

Wex profits soar on rising fuel prices

Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles. 

By Lynne Marek • Aug. 2, 2022

Amex rolls out B2B digital payment tool

American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.

By Caitlin Mullen • Aug. 2, 2022

Global Payments buys Evo at a premium

Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.

By Lynne Marek • Aug. 1, 2022

Mobile wallets gain traction in bill payments: survey

Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.

By Tatiana Walk-Morris • Aug. 1, 2022

CEOs Sound Off: Payments execs navigate economic turmoil

CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

By Jonathan Berr • July 29, 2022

Mastercard earnings get cross-border lift

“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

By Caitlin Mullen • July 28, 2022

Fiserv confronts profit margin pressure

Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.

By Caitlin Mullen • July 27, 2022