Payments Dive

Feds crack down on improper payments

Payments Dive

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021

Will a swoon in valuations affect Block’s Afterpay?

Payments Dive

Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same

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Payments companies swap out CFOs

Payments Dive

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them

Amex rolls out B2B digital payment tool

Payments Dive

American Express cited data indicating nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending over the next six months

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

FedNow chases real-time payments front-runners

Payments Dive

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments

Zip ditches Sezzle BNPL buyout

Payments Dive

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions &rdquo

LeafLink, Bespoke Financial push cannabis payments

Payments Dive

LeafLink and Bespoke are building up their business in cannabis payments as their CEOs count on a rebound in prices for reefer

Payactiv jettisons some fees in wake of CFPB move

Payments Dive

The earned wage access provider said that it was eliminating some fees just as the federal agency decided to remove a prior order giving the company leeway under certain laws

BNPL will evolve as providers tweak the model

Payments Dive

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will &rdquo

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Modern Treasury expands on demand, readies for FedNow

Payments Dive

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services

Prepaid Tech buys WorkStride to boost customer engagement

Payments Dive

The Birmingham, Alabama-based fintech says there is room to grow in the $8 trillion market for business-to-business payment software services

Consumers demand contactless payments for transit: Visa

Payments Dive

Public transport is expected to become a driver of contactless payment usage, especially as environmentally conscious commuters get on board, suggested a survey by card network company Visa

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Mastercard reports consumer spending increase despite inflation

Payments Dive

In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1% pace, excluding auto and gas expenditures, according to Mastercard

Report 343

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

Blaming cards for high gas prices doesn't make sense, trade group argues

Payments Dive

The leader of the Electronic Payments Coalition tells people looking to blame credit and debit card companies for higher gas prices to find a different scapegoat

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Plastiq sees inflation boosting B2B card payment use

Payments Dive

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital

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Fintech Cardless taps Amex network

Payments Dive

The partnership allows brands working with Cardless to take advantage of Amex’s benefits, while Amex sees the move expanding the scale of its network

5 essential features to look for in an omnichannel commerce partner

Payments Dive

An experienced commerce partner can help provide the technology needed to help merchants keep up

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

Five essential features to look for in an omnichannel commerce partner

Payments Dive

An experienced commerce partner can help provide the technology needed to help merchants keep up

Toast heats up restaurant payments competition

Payments Dive

As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say

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PayPal changes up its pricing

Payments Dive

In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system

Fintech Philanthropi taps into giving surge

Payments Dive

The startup, which channels charitable payments, is targeting financial services partners as it seeks to grow, potentially with a new capital infusion this year

A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

Fiserv whittles workforce

Payments Dive

The payments processor cut employees in the first half of the year and shouldered higher severance expense, following a string of acquisitions in recent years

Card CEOs react to macroeconomic threats

Payments Dive

Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels

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Rectangle Health taps partner for BNPL financing

Payments Dive

Rectangle Health said it’s partnering with Healthcare Finance Direct to provide buy now-pay later financing to patients that want the option to pay their healthcare bills over time

Oracle adds restaurant payment acceptance

Payments Dive

By partnering with Dutch payments processor Adyen for the new service, Oracle aims to become a one-stop shop for restaurants, an industry analyst said

CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.

Chip shortage drives up card costs

Payments Dive

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips

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Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments

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PayPal hit with Venmo fraud lawsuit

Payments Dive

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal

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PayPal takes new direction with Elliott

Payments Dive

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company

The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.