NCR in recovery as ransomware disrupts widely used point-of-sale system

In-restaurant purchases are still being processed on NCR Aloha, but other capabilities and business processes remain down, the company said.

By Matt Kapko • Updated April 24, 2023

Credit card processor Nexway to pay $650K fine for fraud

A court initially imposed a $49.5 million judgment against a group of Nexway companies over processing payments tied to tech support scams, but they’ll ultimately pay the smaller fine for defrauding consumers.

By Caitlin Mullen • April 19, 2023

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

US payments funding rebounds

U.S. payments venture funding surged in the first quarter of the year, largely thanks to Stripe’s March funding round, CB Insights said.

By Caitlin Mullen • April 18, 2023

Apple adds savings accounts for card customers

The tech company announced a series of new offerings in October, including a buy now, pay later service that arrived recently.

By Rajashree Chakravarty • April 18, 2023

MoneyGram, Carrefour expand tie

The partnership between the money transfer company and the global retailer will bring MoneyGram’s services to about 500 Carrefour locations next year.

By Tatiana Walk-Morris • April 17, 2023

FedNow spurs industry intrigue

Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

By Lynne Marek • April 17, 2023

SF tech worker charged in murder of Cash App founder

San Francisco police arrested an IT worker in the murder of Bob Lee, who was knifed to death in the early morning hours of April 4. Police declined to discuss a motive at a Thursday press conference.

By Gabrielle Saulsbery • April 13, 2023

Square rolls out new features

Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.

By Caitlin Mullen • April 13, 2023

Convenience chain Jacksons Food Stores adds bitcoin ATMs

The Bitcoin Depot ATMs will be installed in every state where the convenience chain operates — Idaho, Nevada, Oregon, Utah, California, Washington and Arizona.

By Jessica Loder • April 13, 2023

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

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