Yellen urges stricter stablecoin regulation amid TerraUSD crash

The coin, which relies on an algorithm rather than being backed by dollar reserves, plummeted to 23 cents Wednesday, according to CoinDesk.

By Robin Bradley • May 11, 2022

VizyPay carves out a niche catering to rural America

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses.

By Caitlin Mullen • May 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

Self-checkout tech maker Mashgin raises $62.5M

The technology company, which currently partners with convenience stores, cafeterias, hospitals and sports arenas, said it will use the investment to build out its team, quicken expansion and scale globally.

By Catherine Douglas Moran , Sam Silverstein • May 10, 2022

EMVCo invites input on new contactless standard

The firm controlled by the card companies has drafted a new contactless technology standard and it's seeking public comment on the specifications. Their plan is to implement a change by yearend.

By Lynne Marek • May 10, 2022

Stripe-Plaid squabble erupts

When digital payments company Stripe launched a new service this week, it caught fintech Plaid, one of its customers and partners, by surprise, and not in a good way. Plaid's CEO expressed his displeasure in what has become a Twitter drama.

By Lynne Marek • May 6, 2022

Fiserv, Affirm partner on BNPL

Brookfield, Wisconsin-based Fiserv is adding a new buy now-pay later player to its roster. The company said Wednesday that San Francisco-based Affirm will be the first BNPL option integrated into its Carat service, which is directed at larger enterprises.

By Caitlin Mullen • May 5, 2022

Toast checks into hotels

Restaurant software company Toast on Tuesday announced its move into the hotel market with Toast for Hotel Restaurants, which it says will provide tools to streamline operations, increase revenue and process room charges directly from its suite of features.

By Alicia Kelso • May 3, 2022

FTA pushes for remittance fee reform

"We urge Director Rohit Chopra to update the CFPB’s outdated remittance rule and take on the high cost of international payments," the Financial Technology Association says in this op-ed piece.

By Penny Lee • May 2, 2022

Getting companies to market faster with compliant money movement

Companies don't have time to wait weeks to get a compliance program up to speed; instead they need to effectively manage risk and compliance from day one.

By Matt Marcus • May 2, 2022

US payments firms notch venture round record

First-quarter data from research firm CB Insights showed U.S. payments startups saw a 61% spike in funding rounds from the previous quarter, but a 23% drop in total funding.

By Caitlin Mullen • April 29, 2022

Fidelity debuts 401(k) bitcoin option

Fidelity Investments said it is seeing growing interest in digital assets from plan sponsors. The offering will be widely available to employers mid-year.

By Kate Tornone • April 28, 2022

PayPal cuts back growth plans, again

The digital payments pioneer reduced its revenue growth targets for the second time this year when it reported first-quarter earnings Wednesday. CEO Dan Schulman took responsibility for not delivering, blaming macroeconomic factors affecting the company. 

By Lynne Marek • April 28, 2022

Clover revenue growth boosts Fiserv earnings

During a Wednesday presentation on first quarter earnings, Brookfield, Wisconsin-based payments company Fiserv said global revenue for its Clover operating system for small and medium-sized businesses grew 39%.

By Caitlin Mullen • April 28, 2022

Checkout startup Bolt sued by fashion brand group

Checkout startup Bolt Financial is being sued by Authentic Brands Group, which owns the rights to a pack of brands from Forever 21 to Nautica to Spyder. ABG alleges Bolt's software services led to technology failures and lost sales, but Bolt denies the claims.

By Caitlin Mullen • April 27, 2022

US plays catch-up on real-time payments

Other countries, including China and India, are reaping much bigger rewards than the U.S. from their business and consumer adoption of real-time payment systems, according to a new study.

By Lynne Marek • April 26, 2022

Crypto bank Anchorage ordered to revamp AML program

The Office of the Comptroller of the Currency said the bank — the first crypto firm to receive a national trust bank charter in January 2021 — must overhaul its anti-money laundering program after failing to implement internal controls for customer due diligence and procedures for monitoring suspicious activity. 

By Anna Hrushka • April 25, 2022

PayPal CEO's compensation surges

The pay package for Dan Schulman jumped last year to $32 million even as the digital payment company delivered disappointing results for the fourth quarter and cut its revenue growth outlook for this year. 

By Lynne Marek • April 22, 2022

Palm pay hits more Whole Foods stores

The grocery chain added Amazon One technology, which lets users pay with their palm prints, to a newly opened store in Austin, Texas, this week and plans to bring it to six other area locations in the coming weeks.

By Catherine Douglas Moran • April 21, 2022

Payment players seek to expand credit pool

Driven by the financial inclusion movement and a desire to grow the pool of consumers eligible for credit products, well-established credit reporting bureaus and new fintechs are addressing the issue of access to credit and allowing more consumers to become creditworthy.

By Caitlin Mullen • April 21, 2022

Mastercard picks new startup program members

The initiative aims to support fintech startups during and after their time with Mastercard by introducing the small business owners to other entrepreneurs and potential partners in the payments realm.

By Tatiana Walk-Morris • April 21, 2022

2022's restaurant payment tech push includes QR codes, kiosks

From QR codes to advanced mobile apps and robots, restaurants are planning to adopt more technology within their operations — including payments — in the year ahead.

By Julie Littman • April 20, 2022

NovoPayment lands $19M, spearheads US growth

Miami-based NovoPayment, the banking-as-a-service provider of digital payments and other services, is collecting capital for an expansion move in the U.S., just as its key business territory in Latin America is heating up as a destination for international fintech expansion. 

By Lynne Marek • April 20, 2022

Robinhood's acquisition of crypto firm puts UK, Europe in its sights

The purchase of Ziglu, which is in the good graces of the Financial Conduct Authority, marks the second attempt by the stock-trading app to broach the U.K. market. Terms of the deal were not disclosed Tuesday.

By Dan Ennis • April 19, 2022

Retail has a checkout problem...and speed alone won't solve it

The speed of one-click checkout isn't the answer to every cart abandonment problem, says one payments tech executive. There are other factors for retailers to consider when determining whether the checkout experience is convenient for the customer.

By Yvan Boisjoli • April 19, 2022

Mastercard, Interos partner on risk management tools

Mastercard's new partnership with the software provider is the latest in a string of added ties to fintechs aimed at expanding its payments and risk assessment tool offering.

By Tatiana Walk-Morris • April 14, 2022