Payments, crypto executives do C-suite shuffle

Another wave of payments and crypto executives are making a move as the demand for C-suite talent rises in a realm that's experiencing significant expansion and intense competition.

By Lynne Marek • Feb. 17, 2022

Coinbase muscles in on popular remittance corridor

The company is partnering with Remitly to let users in Mexico cash out crypto transfers in pesos — a service that will be free through March.

By Robin Bradley • Feb. 16, 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

Discover backs card-free payments

As the discussion around credit card swipe fees heats up, Discover Financial Services is partnering with a fintech company that enables consumers to make direct electronic payments from their checking accounts through merchant apps.

By Caitlin Mullen • Feb. 16, 2022

FIS acquires fintech Payrix

Payments giant Fidelity National Information Services (FIS) has acquired fintech Payrix to bolster its embedded payments offerings in the e-commerce space for small and medium-sized businesses. On Tuesday, FIS President Stephanie Ferris called it a "small but really highly strategic acquisition."

By Caitlin Mullen • Feb. 15, 2022

SIM swap schemes threaten mobile payments

The FBI says SIM card swap fraud, where cybercrooks snatch sensitive data from mobile phones, is on the rise. The Federal Communications Commission is trying to do something about it, but it's not an easy crime to stop.

By Mercedes Cardona • Feb. 15, 2022

ACI creates BNPL gateway for merchants

As consumers flock to buy now-pay later options, ACI Worldwide is launching a global BNPL interface for merchants the company says will be a single gateway to multiple installment lenders.

By Caitlin Mullen • Feb. 15, 2022

Frictionless checkout startup adds convenience store partner

Grabango's frictionless checkout system will appear in two Mapco convenience stores in Tennessee later in 2022, and deployments with grocers will likely ramp up next year, Grabango founder and CEO Will Glaser said.

By Sam Silverstein • Feb. 15, 2022

Payments confronts fundraising slowdown

“There was a lot of exuberance around valuations of young, fast-growing payments companies, and that exuberance hasn’t gone away completely, but it’s begun to wane,” said Zach Sadek, partner with Parthenon Capital, a private equity firm in Boston.

By Caitlin Mullen • Feb. 14, 2022

Jack Henry embarks on modern technology strategy

Jack Henry & Associates CEO David Foss called the new strategy the company’s biggest technology update in 20 years during an earnings webcast Wednesday. He said it will let Jack Henry bank and credit union clients adjust to offerings from fintechs and consumers' banking behavior changes.

By Lynne Marek • Feb. 10, 2022

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

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

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

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

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