Lynne Marek

Chicago

Lead Editor, Payments Dive | Chicago journalist following burgeoning payments arena--credit card companies, fintech, crypto. Cyclist. Wine lover.

Articles

Global Payments eyes cost cuts

5 days ago | finance.yahoo.com | Lynne Marek

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Global Payments plans to squeeze $600 million in cost savings from its recent $24.3 billion acquisition of processing peer Worldpay, partly by eliminating duplicative parts of the businesses.
Global Payments eyes cost cuts

6 days ago | paymentsdive.com | Lynne Marek

Global Payments plans to squeeze $600 million in cost savings from its recent $24.3 billion acquisition of processing peer Worldpay, partly by eliminating duplicative parts of the businesses. Specifically, Global Payments Chief Financial Officer Josh Whipple said that about a third of the savings will derive from streamlining the two companies’ technology infrastructure and cutting duplicative vendor and software expenses.
AvidXchange swallowed in $2B deal

1 week ago | paymentsdive.com | Lynne Marek

Dive Brief:AvidXchange, an accounts payable and payments software provider, has agreed to be taken private by global asset management firm TPG in a transaction that values the business at $2.2 billion, according to a Tuesday press release from the two companies. As part of the acquisition, another payments company Corpay, formerly known as FleetCor Technologies, will buy a 33% stake in the publicly-traded AvidXchange for $500 million, according to its separate release Tuesday.
CFPB spurns BNPL rule

1 week ago | bankingdive.com | Lynne Marek |Patrick Cooley

The Consumer Financial Protection Bureau is reversing course under President Donald Trump on a prior agency plan to require buy now, pay later players to adhere to lending laws. The federal agency, which has been targeted for cuts under the Trump administration, said in an online post Tuesday that enforcement actions against BNPL players won’t be a priority, with the possible exception of those related to service members or veterans.
CFPB spurns BNPL rule

1 week ago | paymentsdive.com | Lynne Marek |Patrick Cooley

An article from The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice. Published May 7, 2025 The entrance to the Consumer Financial Protection Bureau headquarters in Washington, DC.
Visa pursues stablecoins for cross-border payments

1 week ago | finance.yahoo.com | Lynne Marek

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Visa is locking arms with a pack of fintechs as it pursues development of stablecoin payments for cross-border transactions. Over the past week, the largest U.S. card network disclosed working with digital payments upstart Stripe’s stablecoin orchestration unit Bridge to enable payments in Latin America.
Visa pursues stablecoins for cross-border payments

1 week ago | paymentsdive.com | Lynne Marek

Visa is locking arms with a pack of fintechs as it pursues development of stablecoin payments for cross-border transactions. Over the past week, the largest U.S. card network disclosed working with digital payments upstart Stripe’s stablecoin orchestration unit Bridge to enable payments in Latin America. It also struck up partnerships with stablecoin companies Baanx and Rain to facilitate disbursements, commerce and financial services.
Visa pursues stablecoins for cross-border payments

1 week ago | bankingdive.com | Lynne Marek

Visa is locking arms with a pack of fintechs as it pursues development of stablecoin payments for cross-border transactions. Over the past week, the largest U.S. card network disclosed working with digital payments upstart Stripe’s stablecoin orchestration unit Bridge to enable payments in Latin America. It also struck up partnerships with stablecoin companies Baanx and Rain to facilitate disbursements, commerce and financial services.
Walmart drives toward instant payments

2 weeks ago | finance.yahoo.com | Lynne Marek

Lynne Marek Thu, May 1, 2025, 2:35 AM 5 min read In This Article: This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Walmart, the biggest U.S. retail chain, is increasingly eager to offer its customers instant payment options as it seeks to speed up services and keep costs low.
Walmart drives toward instant payments

2 weeks ago | retaildive.com | Lynne Marek

Walmart, the biggest U.S. retail chain, is increasingly eager to offer its customers instant payment options as it seeks to speed up services and keep costs low. The Bentonville, Arkansas-based retailer has also long been intent on finding ways to avoid interchange fees incurred every time a customer uses a credit or debit card. Last September, Walmart said it would begin offering customers a pay-by-bank option to avoid those fees, ultimately with a real-time option.