Investors press FIS, Fiserv for divestitures

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2022

Payments funding plummets in 2022

This year’s venture capital funding activity in payments paled in comparison to 2021’s record-setting year.

By Caitlin Mullen • Dec. 22, 2022

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

Job cuts piled up in payments this year

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

By Caitlin Mullen • Dec. 21, 2022

Billtrust appoints new CEO

The payments processing software company tapped Sunil Rajasekar for the top post as it moves forward under new ownership.

By Tatiana Walk-Morris • Dec. 20, 2022

Fiserv hired ‘thousands’ of workers this year, CEO says

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview. 

By Caitlin Mullen • Dec. 19, 2022

Wise, VizyPay target US hiring

Some payments companies have plans for extensive hiring next year, despite the economic headwinds that led other players to contract this year.

By Lynne Marek • Dec. 19, 2022

FIS to review business under shareholder pressure

The payments processor is undertaking a comprehensive review of operations after two investors pressed the company to increase shareholder value.

By Lynne Marek • Dec. 16, 2022

Convenience store chain adds ACH option for fuel payments

The upgrade adds the ability to pay for fuel at the pump, and using ACH allows the convenience store chain to save on swipe fees.

By Jessica Loder • Dec. 16, 2022

Is self-checkout worth the investment?

While autonomous checkout can speed up shopping trips and let employees take on new tasks, it doesn’t come without its frustrations, experts say.

By Brett Dworski • Dec. 15, 2022

Fiserv’s Milwaukee HQ plans advance

Milwaukee's city council unanimously approved creating a tax increment financing district to provide a grant for the company's new downtown headquarters.

By Caitlin Mullen • Dec. 15, 2022

Visa pledges $1B investment in Africa

The largest U.S. credit card network plans to make the investment over the next five years in a "commitment to Africa’s growth potential.”

By Lynne Marek • Dec. 14, 2022

Why real-time payments make sense today

The impact real-time payments could have on customers and providers alike should not be ignored — especially in the face of an impending recession, writes a fintech co-founder.

By Justin Adler • Dec. 14, 2022

Brex maintains hiring for key roles, some replacements

The fintech doesn't anticipate workforce reductions in 2023, but the broader industry isn’t done with job cuts, predicts Chief People Officer Angela Crossman.

By Caitlin Mullen • Dec. 13, 2022

Smith Oil adds app to streamline customer fuel payments

The app, expected to go live in early 2023, will use Liquid Barcodes’ C-StorePay technology as merchants seek relief from credit card swipe fees.

By Jessica Loder • Dec. 12, 2022

Jack Henry CEO jabs at rivals

The CEO of the payments and technology services company asserted that sales are strong and the pipeline for future business is steady, despite slowdowns at rivals.

By Lynne Marek • Dec. 12, 2022

SEC calls for disclosure on crypto risks

The collapse of FTX has slammed scores of creditors, prompting SEC concerns that companies may suffer losses from direct or indirect links to crypto markets.

By Jim Tyson • Dec. 12, 2022

Shift4 CEO suggests company could go private

The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.

By Caitlin Mullen • Dec. 12, 2022

How payments will advance after the crypto crisis

At Northern Trust, which one day expects to custody digital assets, a top executive offers views on payments and digital assets evolving beyond the crypto crisis.

By Lynne Marek • Dec. 9, 2022

Galileo launches BNPL for financial firms

The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

By Tatiana Walk-Morris • Dec. 9, 2022

Discover pulls back on debit product

The card company has suspended applications for its checking and cashback debit product due to instances of fraud, its CEO said this week.

By Caitlin Mullen • Dec. 8, 2022

Plaid cuts 260 employees

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

By Dan Ennis • Dec. 7, 2022

Fiserv stands by profit margin expansion target

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

By Caitlin Mullen • Dec. 7, 2022

First US non-Amazon-owned grocer to use palm-scanning tech

The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.

By Catherine Douglas Moran • Dec. 6, 2022

Circle’s $9B SPAC deal falls apart

The stablecoin issuer and the blank-check company that had hoped to take it public terminated their agreement over the wait for SEC approval.

By Dan Ennis • Dec. 6, 2022

FTX fallout spurs regulatory fears

Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.

By Caitlin Mullen • Dec. 6, 2022