Valley Bank unveils payments app for cannabis businesses

Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

By Anna Hrushka • Oct. 27, 2021

BNPL needs Visa to scale, CEO argues

Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.

By Lynne Marek • Oct. 27, 2021

Explore the Trendline➔

Embedded payment tools make inroads

Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

By Payments Dive staff

Elavon eyes BNPL arena

Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

By Lynne Marek • Oct. 26, 2021

Stripe and Klarna hook up

Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

By Lynne Marek • Oct. 26, 2021

PayPal douses reports of a Pinterest purchase

With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

By Lynne Marek • Oct. 25, 2021

ACH payments rise to new record

ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.

By Ted Jackson • Oct. 25, 2021

Payment choice is rapidly diversifying. Here's why it matters for brands.

Today's customers and workers want to choose how they get paid. Is your brand ready?

Oct. 25, 2021

Vast Bank's new offering lures "crypto curious"

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."

By Anna Hrushka • Oct. 22, 2021

Klarna delivers BNPL to WIX sellers

The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.

By Tatiana Walk-Morris • Oct. 22, 2021

Is PayPal pining for Pinterest?

A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry. 

By Lynne Marek • Oct. 21, 2021

Goldman Sachs, AmEx debut corporate payments service

The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.

By Robin Bradley • Oct. 20, 2021

Stripe agrees to buy Recko

The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

By Lynne Marek • Oct. 20, 2021

Ransomware activity soars, Treasury finds

The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

By Samantha Schwartz • Oct. 19, 2021

Retail groups urge credit swipe routing changes

Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are. 

By Doug Kantor • Oct. 19, 2021

Celsius, Tether and the 'known known'

Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

By Dan Ennis • Oct. 19, 2021

Fiserv expands restaurant reach with BentoBox purchase

The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

By Lynne Marek • Oct. 18, 2021

Coinbase sees single regulator, new framework for crypto supervision

The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

By Dan Ennis • Oct. 18, 2021

Billtrust makes $58M acquisition in Europe

The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.

By Tatiana Walk-Morris • Oct. 15, 2021

PayPal takes stake in LatAm SPAC

The digital payments giant disclosed that it bought a minority stake in the SPAC rolled out this month by Latin American e-commerce behemoth MercadoLibre and venture capital firm Kaszek.

By Lynne Marek • Oct. 14, 2021

SumUp spearheads US growth with $317M Fivestars acquisition

The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.

By Lynne Marek • Oct. 14, 2021

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

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