FIS joins forces with Singapore's Crypto.com

As interest in cryptocurrencies persists, despite wild fluctuations in prices, one of the largest U.S. payments processors is delving deeper into crypto with this new pact.

By Jonathan Berr • Feb. 9, 2022

Apple offers merchants phone pay tool

The new iPhone feature won't require additional hardware and will work on iPhone XS or subsequent devices. Apple is playing catch-up with rivals in the market, and bringing new competition, too.

By Tatiana Walk-Morris • Feb. 9, 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

UnionPay expands pact with Fiserv

Fiserv tapped UnionPay to expand services internationally, allowing the Shanghai-based card company to reach more consumers and merchants. "We have several notable international wins in the quarter, including an expanded partnership with UnionPay International," said Fiserv CFO Bob Hau during the company's Tuesday earnings call.

By Lynne Marek • Feb. 8, 2022

Fiserv touts $650M acquisition of Finxact

Payments giant Fiserv announced Monday it’s buying the ownership stake in Jacksonville, Florida-based Finxact that it doesn't already own for $650 million; the acquisition follows previous investments in the core banking software company.

By Caitlin Mullen • Updated Feb. 8, 2022

ATM firm PAI acquires TouchPoint 21

Payment Alliance International CEO David Dove said the acquisition expands his company's service model, adding TouchPoint 21's ATM and Interactive Teller Machine (ITM) terminals and its in-house servicing and armored staff.

By Caitlin Mullen • Feb. 7, 2022

Nacha payments value jumped to $72.6 trillion last year

Electronic payments racing through the Nacha network increased for the seventh consecutive year in 2021, with the value of the payments jumping 17.4% and the volume rising 8.7% over 2020, the organization said.

By Lynne Marek • Feb. 4, 2022

Apple eyes more payments services

Will Apple angling for a bigger push into the payments sector roil the competitive landscape? Rival Block, and its point-of-sale service, may be squarely in the tech giant's sights.

By Jonathan Berr • Feb. 4, 2022

Big banks best fintechs in merchant satisfaction survey

Industry-wide efforts to streamline fee structures, improve customer support and speed up payments have merchants more satisfied with their card payment processors, a J.D. Power study found.

By Caitlin Mullen • Feb. 4, 2022

Wingstop opens cashless payments venue

The Dallas store will function as an innovation lab for new restaurant configurations and equipment as the chain pursues 100% digital transactions.

By Aneurin Canham-Clyne • Feb. 3, 2022

Local governments blaze the trail for crypto adoption

From New York City to Williston, North Dakota, some municipalities aim to integrate cryptocurrency into their operations, in part to attract tech-savvy businesses. But obstacles like fluctuating regulatory environments stand in the way.

By Karen Kroll • Feb. 3, 2022

Blockchain startups landed record $25B in 2021

Investors showered blockchain companies with almost twice as much money last year as the prior six years combined, according to a report from research firm CB Insights. Meanwhile, regulations may be on the horizon for the blockchain-based technology cryptocurrency and payments businesses.

By Tatiana Walk-Morris • Feb. 3, 2022

Retail startup links with UST for checkout tech

Checkout technology provider UST Global is partnering with Georgia retail startup Nourish + Bloom Market to launch an autonomous grocery store concept with a plan to open some 500 locations.

By Sam Silverstein • Feb. 3, 2022

Fintech Amount buys Linear for $175M

Chicago-based banking technology provider Amount announced Tuesday that it has acquired Reston, Virginia-based Linear Financial Technologies, a small and mid-size business loan and account origination platform.

By Caitlin Mullen • Feb. 2, 2022

PayPal scraps account growth goal

The digital payments company shifted away from a plan to collect 750 million customer accounts by 2025, after reporting a fourth-quarter drop in profits and forecasting slower revenue growth this year. 

By Lynne Marek • Feb. 2, 2022

Revolut to offer 30-minute, fee-free remittances from US to Mexico

The British fintech is increasing and upgrading its services available between the U.S. and Mexico as overall remittances between the two countries rise.

By Robin Bradley • Feb. 1, 2022

Bolt CEO steps down after Twitter tirade

Ryan Breslow, founder of checkout technology startup Bolt, left his CEO post Monday, shifting to an executive chairman role. The move comes days after he attacked global payments fintech Stripe and startup accelerator Y Combinator on Twitter.

By Caitlin Mullen • Feb. 1, 2022

Fintechs won't replace traditional banking

"The biggest battle traditional banks face is customer satisfaction," says Galileo Financial Technologies Chief Revenue Officer Seth McGuire. "Digital-only and standalone digital options have sky-high satisfaction scores."

By Seth McGuire • Jan. 28, 2022

CFPB Director Chopra takes on tough payments issues

CFPB head Rohit Chopra is a visionary regulator to some, a breaker of norms to others. Now, as director of the Consumer Financial Protection Bureau, those monikers are coming into play as he takes a magnifying glass to key payments issues, including big tech interests in the industry, rising buy now-pay later companies and on-demand pay concerns.

By Jonathan Berr • Jan. 27, 2022

Diem to end crypto project, sell its tech to Silvergate Bank for $200M: report

The deal would effectively end Facebook’s circuitous 2½-year journey in the digital currency space — one fraught with pushback from the start.

By Dan Ennis • Jan. 27, 2022

Amazon plans suburban stores with grab-and-go tech

Like Amazon's urban Go locations, the suburban stores — slated to open in Washington and California — will feature the e-commerce giant's Just Walk Out frictionless checkout technology.

By Sam Silverstein • Jan. 27, 2022

Walmart buys into 'super app' services

The retailer's fintech startup said it will buy earned wage access facilitator Even and digital financial services company One Finance to help Walmart sell consumers a financial services "super app."

By Lynne Marek • Jan. 27, 2022

Stripe strikes deal with Spotify

The private payments company – one of the most valuable fintech startups in the U.S. – has teamed up with music streaming pioneer Spotify to enable podcasters to accept payments. It's the latest in a string of new partnerships.

By Caitlin Mullen • Jan. 26, 2022

Zip eyes Sezzle purchase as BNPL players consolidate

Australian-based BNPL company Zip has been on an acquisition tear and its latest target is Minneapolis-based Sezzle. As the biggest BNPL players in the world seek to grow, they're on the hunt for smaller rivals.

By Lynne Marek • Jan. 26, 2022

San Francisco startups vie for checkout dominance

In the crowded checkout technology space, startups Bolt and Fast are competing to become the company known for making the process smoother and speedier.

By Caitlin Mullen • Jan. 25, 2022

CEOs Sound Off: Fintechs press for open banking mandates

In 2022, CEOs whose companies touch payments are eager for regulators to move toward increased open banking in the U.S., to allow a framework for more sharing of consumer data. They believe it will drive innovation and enhanced financial services.

By Lynne Marek • Jan. 24, 2022