The Latest
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Worldpay floats agentic protocol
The artificial intelligence tool now available to software developers is meant to help companies accept bot payments on behalf of consumers.
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Sponsored by Capital One Trade Credit
Smarter credit decisioning and stronger growth with the power of data
CFOs and their teams face a constant balancing act between driving revenue, managing financial risk and delivering excellent customer experiences.
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Executive Shuffle: DailyPay, Adyen, Lightspeed
Payments companies and industry organizations alike tapped new executives to cultivate new relationships in their ecosystems.
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Green Dot inks deals splitting bank, fintech business
The company, which had been exploring “strategic alternatives” since March, will sell its fintech business to a private equity firm and its bank to a $840 million-asset lender.
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Consumers seek text connections
RCS messaging is gaining momentum in helping financial service providers collect payments and boost consumer engagement, a survey said.
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MoneyLion to pay $1.75M to settle CFPB lawsuit
The bureau in 2022 alleged the fintech illegally charged an interest rate that exceeds the 36% cap on loans to service members.
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Deep Dive
Regulatory patchwork vexes BNPL
In the absence of federal regulation, the pay later industry is falling under the purview of state laws that were not intended for buy now, pay later transactions.
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Klarna embraces crypto
The BNPL company said it’s testing a new stablecoin, and plans to launch it publicly next year.
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How the open banking rule skidded
The Consumer Financial Protection Bureau faces a budget crunch or closure in early 2026, clouding the fate of its open banking rule revision.
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Stripe faces bank charter pushback
The National Community Reinvestment Coalition says the Office of the Comptroller of the Currency charter would let Stripe sidestep regulations, and offer the fintech legitimacy it does not deserve.
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Card networks flag fraud
Visa and Mastercard issued reports this month that warn consumers and merchants of upgraded fraudster techniques ahead of the year-end holidays.
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Opinion
Stablecoin risks loom: Op-ed
The Genius Act, a law enacted this year to provide stablecoin regulations, doesn’t adequately protect consumers, one think tank lawyer writes.
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Senators back open banking rule
Democrats urged the Consumer Financial Protection Bureau to pursue an open banking rule that lets consumers freely shift personal financial data.
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Dems dig into BNPL
A group of Democrats queried seven buy now, pay later companies for information about who uses their services and how often.
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How consumers see card threats
Many card users say their card issuers haven’t prompted them to take security precautions recently, a J.D. Power survey showed.
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Block eyes services for preteens
The company aims to make savings and card services available on its Cash App digital wallet for preteens, according to a Wednesday presentation. The tools would presumably be managed by parents.
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Capital One joins FedNow
The bank signed up for the Federal Reserve’s real-time payments system this week, leaving just one of the five major U.S. banks that has not.
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White House nominates Vought aide to lead CFPB
Stuart Levenbach’s nomination is technical and extends Russ Vought’s tenure as acting director, a bureau spokesperson said.
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Priority Tech investors oppose proposed CEO buyout
Shareholders of the payments software firm urged its board to reject an offer from Thomas Priore valuing the company at up to $520 million.
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Citi, Swift wrap digital asset trial
The two institutions contend that interoperability between crypto ledgers and traditional financial systems is possible.
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Fed pitches fraud-fighting tips
The Federal Reserve Financial Services suggests that financial firms draw from a range of data sources to spot possibly fraudulent transactions.
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Adyen US executive exits
The Dutch payments processor’s president for North America, Davi Strazza, said he’s leaving after witnessing 11 years of growth.
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Stablecoins carry consumer risk: panel
The U.S. Genius Act turbocharged stablecoin interest but left many consumer protection aspects to regulators, crypto professionals warned.
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Opinion
Next-gen AI means next-gen fraud. Are we ready for it?
“The next phase of innovation is going to be about discernment, not necessarily having the most advanced model,” says a payments firm CEO.
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Fiserv CEO explains struggles
The payments processor saw anemic growth in Argentina and misjudged how to juggle long-term and short-term projects, CEO Mike Lyons said.
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Sezzle renews subscription focus
The buy now, pay later firm’s CEO says that when a consumer makes a monthly financial commitment they spend more and deliver higher profits.