AvidXchange's IPO swells to $660M

The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.

By Lynne Marek • Updated Oct. 14, 2021

Andreessen Horowitz poaches Facebook digital wallet execs

Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

By Dan Ennis • Oct. 13, 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

Half of CFOs plan to assess digital currencies for business: Gartner

“Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.

By Jim Tyson • Oct. 13, 2021

Cross-border payments competition heats up

Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

By Lynne Marek • Oct. 12, 2021

Paytech firms outside US gain ground

Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

By Lynne Marek • Oct. 11, 2021

Affirm, Sezzle buy now-pay later options arrive at Target

As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

By Tatiana Walk-Morris • Oct. 8, 2021

Payment tech lifts construction venture funding

New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

By Sebastian Obando • Oct. 8, 2021

Green Dot sued after ditching $165M deal

The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

By Dan Ennis • Oct. 7, 2021

Rich payment startups target B2B market

Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

By Lynne Marek • Oct. 4, 2021

How digital payments will help us build the new normal

To pave the way for the future of commerce, businesses need to accommodate a wider range of payment choices than ever before.

By David Josephs, President & Chief Operating Officer at Onbe • Oct. 4, 2021

Card critics call for credit routing scrutiny

One merchant group has opened up a new front in the battle against Visa and Mastercard, calling for more federal antitrust scrutiny of credit card routing.

By Lynne Marek • Oct. 1, 2021

Square, TikTok tie-up will deliver fans to sellers

As part of the new partnership, TikTok users will be able to link to Square sellers' sites by clicking on videos and ads.

By Tatiana Walk-Morris • Sept. 30, 2021

PayPal's Happy Returns partners with Staples

With the latest agreement in a series of retailer ties, 75% of Americans will reside within 10 miles of a Happy Returns location.

By Tatiana Walk-Morris • Sept. 29, 2021

Mastercard to launch new BNPL service

Mastercard is teaming with some of the biggest companies in payments, including FIS, Synchrony, Barclays and Marqeta, to launch a new buy now-pay later service next year.

By Lynne Marek • Sept. 28, 2021

Don't hold your breath for a US CBDC

Given the vast spectrum of American payment choices and slower U.S. digital advances, any central bank digital currency may be a long time coming. 

By Lynne Marek • Sept. 27, 2021

Square, PayPal mobile wallets attract funds

The payment companies have seen significant increases in the total amount of money stored on their mobile wallets, but individual accounts still hold relatively small sums.

By Lynne Marek • Sept. 24, 2021

Fed won't go it alone on CBDC

At a press conference Wednesday, Federal Reserve Chairman Jerome Powell emphasized the need for the Fed to work with Congress and the Biden Administration in moving ahead on any cental bank digital currency.

By Lynne Marek • Sept. 23, 2021

Toast raises $870M in IPO

Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.

By Julie Littman • Sept. 23, 2021

Mastercard Executive Chairman to exit

Mastercard's long-time leader Ajay Banga will retire at the end of the year, leaving the card company in the hands of new CEO Michael Miebach.

By Lynne Marek • Sept. 22, 2021

Treasury sanctions crypto exchange Suex to thwart ransomware

While more legal measures await international cybercrime, the U.S. government is sending interim messages to ransomware gangs.

By Samantha Schwartz • Sept. 22, 2021

Airwallex raises $200M, targets US expansion

The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.

By Lynne Marek • Sept. 21, 2021

Visa taps Shipt for delivery offer

Target-owned Shipt is one of three new partners that card behemoth Visa lined up in a bid to offer new customer benefits.

By Catherine Douglas Moran • Sept. 21, 2021

Payment industry racks up two more deals

The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.

By Lynne Marek • Updated Sept. 20, 2021

U.S. cash payment kiosks rise despite digital age

Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.

By Lynne Marek • Sept. 17, 2021

Capital One beta-tests BNPL option, marking turnabout

Previously, the bank had barred customers last December from using its credit cards to clear buy-now-pay-later debt.

By Dan Ennis • Sept. 14, 2021