The general-purpose reloadable prepaid card market is expanding fast as audiences as diverse as the underbanked population and frequent business travelers adopt the products for their convenience and as alternatives or complements to bank accounts. Now the Serve Cash Back Card has earned a first-place finish in Javelin Strategy & …

Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …

The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …

When the Federal Reserve’s FedNow real-time payments service debuted commercially 13 months ago, the story mainly focused on the general concept of immediate money transfers. But since then the payments industry has been busy refining that concept and working on service-ready applications. One of the most talked-about of these applications …

When Bruce Lowthers took over a struggling Paysafe Ltd. two years ago, he immediately plunged into what he noted then was a wide-ranging reclamation project. On Tuesday, he called out some progress but also offered a blunt update on his transformation efforts. “We have the right strategy and our execution …

Payments has always been an acquisitive business, as economies of scale loom large for CEOs and CFOs and buying that scale can often look cheaper and quicker than building it over time. But so far, activity in 2024 is mapping to what was seen last year—which is to say, slow. …

Having finished what its chief executive called “a very busy quarter,” the major processor Shift4 Payments Inc. early Thursday reviewed recent moves in acquisitions, stadium deals, and point-of-sale technology, both for its longstanding position in the U.S. hospitality market and overseas. Even more ambitious initiatives are looming, promised chief executive …

Global Payments Inc. remains invested in growing by acquisition, but it’s equally committed to growth via third-party agents such as independent software vendors and payment facilitators, its chief executive said early Wednesday as he reviewed his company’s June-quarter results and discussed its strategies in the two markets it straddles—issuing and …

FIS Inc. isn’t quite the factor in merchant processing it once was, but the big Jacksonville, Fla.-based processor remains a significant factor in digital payments, specifically for banks, its top management was at pains to stress early Tuesday as the company reported its second-quarter results. “We’re very pleased with our …

Major payments providers have focused in recent years on signing and providing devices and services for restaurants, but that big bet may be taking at least a temporary beating, according to the latest Small Business Index from the big processor Fiserv Inc. The overall index, which is derived from Milwaukee-based …