Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to streamline its international business with these cuts, The Wall Street Journal (WSJ) reported Tuesday (Oct. 29). Together with the 1,000...
Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. EQT is aiming for a deal that would value Banking Circle at more than $2 billion, including debt, Reuters reported Wednesday (Sept. 11), citing unnamed sources. The firm and investment...
Square has expanded the availability of offline payments to every hardware device, in every country. The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a growing number of units over that time, and now offers it across the entire...
The business-to-business (B2B) payments landscape has undergone two-plus decades of digitization and innovation. And the particularly rapid acceleration of that digitization over just the past few years has wrought significant changes — and brought numerous benefits — to the way businesses transact and move money....
October 17, 2023
The competition in the payment processor market is fierce because of the success of incumbent leaders, as the majority of Main Street small to midsized business (SMB) retailers are satisfied with their current processors. However, there are opportunities to make a mark with lower transaction fees and differentiated services. These are some of the conclusions […]
August 10, 2022
Welcome to “The Merchants Guide to Accepting Crypto: The Questions to Ask,” a new PYMNTS series aimed at helping merchants, big and small, online and in-store, who want to accept...
February 12, 2018
It took a while but the new Interac debuted earlier this month, bringing together two companies and disparate functions across payments, from transactions to R&D. Interac CEO Mark O’Connell lays...
October 29, 2024
Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to streamline its international business with these cuts, The Wall Street Journal (WSJ) reported Tuesday (Oct. 29). Together with the 1,000 cuts in technology positions, the remainder of the layoffs will […]
September 11, 2024
Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. EQT is aiming for a deal that would value Banking Circle at more than $2...
April 23, 2024
Square has expanded the availability of offline payments to every hardware device, in every country. The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to...
February 28, 2024
Marqeta’s latest results spotlight continued traction in card issuance, and the company is targeting embedded finance opportunities in the year ahead. The company noted that total processing volume was up...
