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

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

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

Meta to shutter Novi digital currency project Sept. 1

The company’s website tells users how to withdraw funds and access transaction data that they’ll lose access to once the Novi pilot ends. Meta, however, said it plans to use Novi’s technology in future projects.

By Dan Ennis • July 5, 2022

Oracle adds restaurant payment acceptance

By partnering with Dutch payments processor Adyen for the new service, Oracle aims to become a one-stop shop for restaurants, an industry analyst said.

By Caitlin Mullen • July 1, 2022

CFPB terminates Payactiv's sandbox protection

The earned wage access provider told the CFPB last week it wanted to make changes to its fee model without review by the bureau. The bureau, in turn, expressed concern over potentially misleading public statements by Payactiv.

By Dan Ennis • July 1, 2022

Congress takes on 'bro culture' in fintech

A congressional task force this week heard from fintech founders and venture capitalists about persistent inequities in funding for female- and minority-founded startups.

By Lynne Marek • July 1, 2022

From a payments CEO: 5 discriminatory behaviors that need to go

“Until the industry addresses this blatant lack of advocacy for women in leadership, it will continue to foster a culture where women can’t thrive,” says Stax CEO Suneera Madhani.

By Suneera Madhani • June 30, 2022

PayPal hit with Venmo fraud lawsuit

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.

By Caitlin Mullen • June 30, 2022

Self-checkout terminal sales jump: report

Cashless systems are growing in popularity, with the sale of self-checkout terminals expected to surge 50% to 300,000 annually by 2027, according to an industry research firm.

By Tatiana Walk-Morris • June 29, 2022

Fintech Amount cuts about 18% of workforce

The Chicago-based banking technology provider, valued at $1 billion last year, said this week it had pared 108 workers in what the company called “proactive adjustments.”

By Caitlin Mullen • June 28, 2022

Wagestream jumps into US on-demand pay fray

With $175 million in recently raised capital, the British new entrant in the U.S. earned wage access arena is setting lofty goals for expansion.

By Lynne Marek • June 28, 2022

Brex's move has fellow fintechs ready to pounce

Brex cutting small business customers — the handling of which prompted a mea culpa from the co-founder — may provide opportunity for B2B fintechs like Ramp or Divvy. But big banks still dominate the space. 

By Caitlin Mullen • June 27, 2022

Bed Bath & Beyond adds BNPL option

The retailer said its buy now-pay later option, Welcome Pay, allows customers to pay for purchases in four payments.

By Caroline Jansen • June 27, 2022

Business is global by default: Why haven't payments kept up?

To compete internationally, businesses need a reliable method to make and receive real-time payments.

June 27, 2022

Alviere sets sights on Europe, Latam expansion

Embedded payments player Alviere has raised money from Silicon Valley Bank to support expansion in Europe and Latin America, following the hiring of a pack of new executives.

By Tatiana Walk-Morris • June 24, 2022

PayPal changes up its pricing

In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.

By Lynne Marek • June 24, 2022