PayPal drops BNPL late fees worldwide

The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.

By Lynne Marek • Aug. 18, 2021

Walmart looks for a cryptocurrency strategy leader

The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven. 

By Ben Unglesbee • Aug. 17, 2021

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

Payments called 'dominant driver' for fintech investment: KPMG

The rise of venture capital and private equity investment in fintechs is likely to lead to more mergers and acquisitions in the arena too, a KPMG report said.

By Jim Tyson • Aug. 17, 2021

Paypal, Venmo get into grocery stores

PayPal and Venmo have arrived in-store at their first grocery outlet, Giant Eagle, allowing that operator to accept their digital payment options at cash registers.

By Sam Silverstein • Aug. 13, 2021

BlackBerry teams with Car IQ for in-vehicle payments

The companies are working together to create car payment systems with a “digital fingerprint” that securely connects a driver to a banking network.

By Wendy Cole • Aug. 13, 2021

Coinbase attracts big hedge fund clients

The company has attracted 10% of the top 100 hedge funds as customers, and it's ramping up marketing to increase the visibility of its products, the company's CFO said. 

By Ted Knutson • Aug. 12, 2021

Big bank, merchant groups weigh in on Fed rule clarification

Bank and merchant trade groups weighed in on the Fed's debit rule clarification at the 11th hour, digging in their heels in a long-time battle over whether to ease merchant access to increased debit transaction networks.

By Lynne Marek • Aug. 12, 2021

Paymentus agrees to acquire Payveris for $152M

With the acquisition, Paymentus will expand its bill payment network and increase annual net revenue about 25 percent.

By Lynne Marek • Aug. 11, 2021

ZenBusiness launches money-management app

ZenBusiness positions itself as a one-stop shop for small business needs, but big tech rivals are also aggressively courting such micro-entrepreneurs.

By Suman Bhattacharyya • Aug. 10, 2021

Amazon strikes back at Visa fees with surcharge

Retail titan Amazon is taking on Visa by imposing a surcharge in one part of the world and leaving open the possibility of extending it elsewhere to fight what it calls "Visa's high cost of payments."

By Lynne Marek • Aug. 10, 2021

New fintech tools must address demographic gaps in usage

"While overall fintech usage is up across all demographics, there were gaps in the usage of certain types of tools," says Brian Gilmore, a director at the non-profit Commonwealth. There is "a rich opportunity for fintechs and financial services providers to better serve financially vulnerable consumers."

By Brian Gilmore • Aug. 9, 2021

The new era of merchant risk

Cybercriminals, terrorists and drug dealers have a fairly new method of laundering funds online through what's known as transaction laundering. 

Aug. 9, 2021

Sable taps Wise for cross-border payments

Sable and Wise are teaming up on a new cross-border payments tool targeting expatriates and international students, among others. They're part of a pack of rivals trying to make moving money over borders faster and easier.

By Lynne Marek • Aug. 6, 2021

Square's Afterpay buy highlights BNPL craze

Afterpay's billion-dollar appeal hinges on a buy now-pay later craze that's attracting consumers, venture capitalists and competition worldwide.

By Lynne Marek • Aug. 4, 2021

Consumers 'ready and willing' to increase spending, Mastercard CFO says

“The U.S. has always been a laggard when it comes to contactless payments, but that’s changing,” Mastercard CFO Sachin Mehra told CNBC following the company's release of second-quarter earnings.

By Jane Thier • Aug. 3, 2021

U.S. payments volume rises on B2B, Healthcare

The national automated payments network led by Nacha logged another quarterly record, with the digital payment volume for the second quarter jumping nearly 10% and the value of those transactions soaring almost 25%.

By Lynne Marek • Aug. 2, 2021

Klarna acquires Apprl to boost retail marketing

By absorbing Apprl, Klarna will be better able to help retailers create social shopping content and track related sales.

By Tatiana Walk-Morris • Aug. 2, 2021

SWIFT launches cross-border service aimed at low-value transactions

The new product lets small businesses and individuals send payments of less than $10,000 internationally, giving the network a potential foothold in a fintech-filled remittance space.

By Robin Bradley • July 30, 2021

Clearing House urges caution on CBDCs

A Federal Reserve-backed digital currency could "destabilize both the domestic and foreign banking and financial services sectors," the payments system operator said.

By Lynne Marek • July 30, 2021

Google Pay taps Marqeta for virtual card

The two big payments brands are teaming up to deliver a virtual card that expands Google Pay users' purchasing power.

By Lynne Marek • July 29, 2021

PayPal builds services as EBay breaks away

The digital payments company's second-quarter net income slumped as it took a bigger blow than expected from "ripping off the Ebay band aid."

By Lynne Marek • July 29, 2021

Payment fintechs attract record capital in 2Q

Fintech startups supercharged by a rise in e-commerce drew more capital from investors in the first half of this year than ever before.

By Lynne Marek • Updated July 30, 2021

Fiserv, Goldman strike pact on cross-border payments

Fiserv and Goldman Sachs have agreed to team up on offering cross-border payments in the first phase of a broader payments tie.  

By Lynne Marek • July 27, 2021

Mobile wallet use projected to surge

Mobile wallet use among North American consumers is growing, but not at the heady rates in other parts of the world, according to a new study that projects a worldwide surge.

By Wendy Cole • July 27, 2021

Tap-to-phone payments expected to gain traction, industry experts say

As the need for mobile point-of-sale devices grows, companies are looking toward smartphones to streamline contactless payments.

By Vaidik Trivedi • July 22, 2021