Modern Treasury expands on demand, readies for FedNow

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services. 

By Jonathan Berr • July 18, 2022

5 essential features to look for in an omnichannel commerce partner

An experienced commerce partner can help provide the technology needed to help merchants keep up.

July 18, 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

Restaurant payments app Sunday cuts staff, exits markets

The startup, which launched just 16 months ago, will pull out of four of its seven markets to focus on the U.S., U.K. and France. 

By Emma Liem Beckett • July 17, 2022

Stripe's valuation slashed as fintech rout continues

The company told employees Friday that its internal share price had fallen 27% to $29 from $40, The Wall Street Journal reported, citing unnamed sources.

By Jonathan Berr • July 15, 2022

SeatGeek taps Affirm for event BNPL

As inflation threatens consumers’ discretionary spending, event ticketing companies like SeatGeek could view the buy now-pay later option as an attractive way to bolster sales.

By Caitlin Mullen • July 15, 2022

CFPB's Chopra reminds payments players they're in his sights

In a blog post this week, the director reiterated that payments processors, credit card issuers and debt collectors are attracting scrutiny from his agency.

By Lynne Marek • July 14, 2022

FedNow chases real-time payments front-runners

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.

By Lynne Marek • July 14, 2022

Relay Payments takes on incumbents in trucking

The fintech is taking on FleetCor and Wex as it seeks to take a bigger bite of a $500 billion U.S. trucking logistics market.

By Caitlin Mullen • July 13, 2022

Banks and fintechs don't need to fight

“Rather than competing with one another, banks and fintechs are increasingly partnering,” writes Modern Treasury CEO Dimitri Dadiomov.

By Dimitri Dadiomov • July 12, 2022

Consumers demand contactless payments for transit: Visa

Public transport is expected to become a driver of contactless payment usage, especially as environmentally conscious commuters get on board, suggested a survey by card network company Visa.

By Tatiana Walk-Morris • July 12, 2022

Zip ditches Sezzle BNPL buyout

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.” 

By Lynne Marek • July 12, 2022

Mesh Payments pursues $50M in debt financing to support growth

The corporate spend management startup, which has raised $63 million in capital, is trying to balance “growing too fast and making sure we are not under-servicing our clients,” said CEO Oded Zehavi.

By Caitlin Mullen • July 12, 2022

Prepaid Tech buys WorkStride to boost customer engagement

The Birmingham, Alabama-based fintech says there is room to grow in the $8 trillion market for business-to-business payment software services.

By Suman Bhattacharyya • July 12, 2022

Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars of value in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

Banks aren't doing enough to address Zelle fraud, senators say

Months after writing the CEO of Zelle’s parent company, Sens. Bob Menendez and Elizabeth Warren — with six other lawmakers signing on — are seeking information from seven banks with ownership stakes in the platform.

By Anna Hrushka • July 11, 2022

Bolt CEO says no need to raise more capital this year

After cutting about 30% of its workforce earlier this year, digital checkout startup Bolt is on a path to profitability within the next three years, said CEO Maju Kuruvilla.

By Caitlin Mullen • July 11, 2022

Rectangle Health taps partner for BNPL financing

Rectangle Health said it’s partnering with Healthcare Finance Direct to provide buy now-pay later financing to patients that want the option to pay their healthcare bills over time.

By Joe Burns • July 11, 2022

Fintech Philanthropi taps into giving surge

The startup, which channels charitable payments, is targeting financial services partners as it seeks to grow, potentially with a new capital infusion this year.

By Caitlin Mullen • July 8, 2022

How retailers are approaching cryptocurrency payments

Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.

By Dani James • July 8, 2022

Toast acquires restaurant tech partner Sling

Restaurant software company Toast has added to its menu of tools for clients by acquiring Sling, which helps food establishments manage worker scheduling and communication.

By Lynne Marek • July 7, 2022

Walmart lashes back at FTC over money-transfer lawsuit

In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

By Lynne Marek • July 6, 2022

Wyre ties to new MoneyGram crypto-cash services

The crypto payment company that partners with digital wallet providers said it’s providing its 15 million end-users worldwide with the ability to load or cash out of digital currencies.

By Tatiana Walk-Morris • July 6, 2022

Don't abandon stablecoins over Terra, CFO says

Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

By Irina Berkon • July 6, 2022

ABG settles lawsuit with Bolt

With the settlement, the brand licensing company has acquired a stake in the online checkout startup.

By Caitlin Mullen • July 6, 2022

Payactiv jettisons some fees in wake of CFPB move

The earned wage access provider said that it was eliminating some fees just as the federal agency decided to remove a prior order giving the company leeway under certain laws. 

By Jonathan Berr • July 5, 2022