Crypto execs to face House panel next week

Executives from crypto firms Coinbase and Circle are among those in the line-up for a Dec. 8 discussion of "the challenges and benefits of financial innovation" as House lawmakers seek answers.

By Robin Bradley • Dec. 3, 2021

Diem co-creator Marcus to leave Facebook parent Meta

David Marcus, who has spent the past three years working on the social media giant’s stalled cryptocurrency project, Diem, said he is leaving the company at the end of the year to pursue other projects.

By Anna Hrushka • Dec. 2, 2021

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

Square takes a new moniker: Block

No sooner does Jack Dorsey arrive full-time at Square than the company decides it needs a new name. The corporate parent will become Block, but keep the Square brand for its digital payments business.

By Lynne Marek • Dec. 1, 2021

PayPal offers Wix merchants BNPL options

PayPal began offering Wix merchants in the U.S. its buy now-pay later and credit services last month for the first time. Wix merchants in the United Kingdom and France will also have access to the services in "coming months," the companies said.

By Lynne Marek • Dec. 1, 2021

Senate banking chair queries crypto CEOs

The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

By Anna Hrushka • Nov. 29, 2021

Mastercard buys payments processor Arcus FI, expanding in Latin America

Mastercard said the acquisition will allow it to "help support the delivery of bill pay solutions and other real-time payment applications across Latin America."

By Jonathan Berr • Nov. 24, 2021

KeyBank buys XUP to bolster merchant payments services

The acquisition will help the bank address challenges regarding its legacy infrastructure, and create a streamlined experience for its merchant clients, KeyBank’s head of commercial product and innovation said.

By Anna Hrushka • Nov. 24, 2021

Enterprises prepare for ransomware threats during Thanksgiving

Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations. 

By David Jones • Nov. 24, 2021

Citi names crypto team chief, plans hiring for digital asset effort

Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.

By Robin Bradley • Nov. 24, 2021

Bank regulators to roll out crypto guidance in 2022

Tuesday's two-page report didn’t provide many details on how banks should navigate digital assets, but regulators said the industry should expect to see the agencies roll out guidance throughout next year. 

By Anna Hrushka • Nov. 24, 2021

Payment Choice Act wins bipartisan backing

New Jersey Democrat Rep. Payne is trying to preserve cash as a form of payment and collecting support across the aisle, even as the possibility of a U.S. digital dollar gains traction.

By Lynne Marek • Nov. 23, 2021

Albertsons expands smart cart pilot

The carts act like self-checkout machines, with the computer vision system and barcode-scanner logging the products a customer tosses into the cart.

By Jeff Wells • Updated May 20, 2022

Stripe CFO Suryadevara draws on challenges as GM CFO

Suryadevara has ventured into unfamiliar business terrain before, becoming GM treasurer with little prior knowledge of the role.

By Jim Tyson • Nov. 18, 2021

Sift acquires Keyless, adds $25M in funding

The fraud prevention company plans to use $75 million in new funding this year to hire more employees across engineering, sales and product positions.

By Tatiana Walk-Morris • Nov. 18, 2021

U.S. Bank to buy payments fintech TravelBank

After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.

By Robin Bradley • Nov. 17, 2021

Ripple puts SEC on losing end in crypto regulation proposal

The company last week said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

By Dan Ennis • Nov. 17, 2021

Podium raises $201 million, eyes expansion

After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.

By Lynne Marek • Nov. 16, 2021

"The check is not dead," Deluxe CEO says

The long-time check printing company still relies on that business for a third of its business, but it's creating a host of other services, mainly for small and mid-sized companies, CEO Barry McCarthy says.

By Lynne Marek • Nov. 12, 2021

CFOs opt for digital payments during pandemic

Digital payments have grown in popularity because of their role in helping ensure a healthy balance sheet, a survey of some 400 CFOs revealed.

By Jim Tyson • Nov. 11, 2021

Affirm reports better outlook, sidesteps Peloton question

The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.

By Lynne Marek • Nov. 11, 2021

Payments trade group rebuts retailers

The Electronic Payments Coalition says it wants to set the record straight: "Expanding the Durbin Amendment would be a disaster for consumers and small businesses."

By Jeff Tassey • Nov. 11, 2021

Crypto creeps into the checkout line

Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

By Suman Bhattacharyya • Nov. 10, 2021

Toomey cautions against proposal to regulate stablecoin issuers as banks

"I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

By Anna Hrushka • Nov. 8, 2021

CFPB's hard line with payments industry may be a hint of things to come

Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

By Jonathan Berr • Nov. 8, 2021

The immediate danger of cyberlockers

Explore the right tools and expertise to stay in compliance and eliminating critical in your merchant portfolios.

Nov. 8, 2021