Amex endures slow return of SMB demand
Payments Dive
by Lynne Marek
2d ago
Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year ..read more
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Amazon defends ‘Just Walk Out’ pullback
Payments Dive
by James Pothen
2d ago
The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week ..read more
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Accounts receivable automator Versapay taps new CFO
Payments Dive
by Maura Webber Sadovi
2d ago
Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems ..read more
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House committee advances EWA bill
Payments Dive
by James Pothen
3d ago
The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers ..read more
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Klarna overhauls credit card features
Payments Dive
by Lynne Marek
3d ago
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago ..read more
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Discover adds $799M to bolster reserves
Payments Dive
by Caitlin Mullen
3d ago
The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday ..read more
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Fed keeps up CBDC research
Payments Dive
by Lynne Marek
4d ago
Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility ..read more
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CFPB $8 late fee cap edges toward reality
Payments Dive
by Lynne Marek
4d ago
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation ..read more
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CFPB notes ‘growing financialization’ of medical, rental payments
Payments Dive
by James Pothen
5d ago
The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors according to general counsel Seth Frotman ..read more
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Can embedded finance solve one of payments’ biggest problems?
Payments Dive
by CEO Luke Voiles
5d ago
As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?   ..read more
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