Online payments

Square revenue rises even as coronavirus hurts seller volume

08/05/20

Square's gross payment volume tumbled by 15% year-over-year due to COVID-19’s impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans.

[more]

Amid a crisis, PayPal has its best quarter since its IPO

07/29/20

The company's results put firm numbers on one of the most discussed business trends of the pandemic economy — the acceleration of digital payments.

[more]

Marqeta to provide tokenization for JPMorgan virtual cards

07/28/20

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

[more]

Marqeta to provide tokenization for JPMorgan virtual cards

07/28/20

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

[more]

Payment facilitators struggle with risk of pandemic payments — would banks do better?

06/25/20

Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.

[more]

Colorado bank rebrands to highlight bigger role in payments

03/31/20

The newly minted Transact Bank will provide payment processing and card issuing services to a wide range of clients.

[more]

Green Dot hires former NetSpend boss Dan Henry as new CEO

03/25/20

Former NetSpend CEO Dan Henry has been named as the CEO of Green Dot, the Pasadena, Calif.-based prepaid card issuer and banking company.

[more]

We shouldn't have to wait for FedNow to have faster payments

02/28/20

The Fed can take steps now to speed up existing networks.

[more]

Lawsuit alleges PNC built payments product with stolen trade secrets

02/17/20

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.

[more]

Visa's $5 billion Plaid deal takes a possible rival off the table

01/13/20

In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor.

[more]