The Latest
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Corpay mulls asset sales
The fleet payments company may sell its third-largest payments segment, and it’s already put two non-core vehicle businesses on the sales block.
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Activist investor targets Bill
Bill Holdings’ weak revenue growth and sagging stock attracted a prominent hedge fund to buy a large stake in the payments and accounting software firm.
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Retrieved from Couche-Tard.
Circle K grows fleet payment options
Alimentation Couche-Tard is partnering with Relay to add more than 500 truck-accessible locations to the fintech company’s network.
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Great Hill raises $7B fund
The venture capital firm, which has a niche for investing in payments businesses, plans to keep injecting capital into the financial services sector.
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Column
Open banking looks better with crypto
After fintechs and crypto bros showed how banks might fetter digital assets, the Consumer Financial Protection Bureau revamped its views of open banking.
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Fiserv buys CardFree for hospitality expansion
The company said it acquired the California startup that focuses on restaurant and hotel payment systems to expand its Clover point-of-sale business.
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Opinion
Earned wage access should be free
“This industry simply cannot continue to charge employees to access their pay,” writes a fintech founder. “We cannot expect employers to deduct these fees from paychecks through payroll.”
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Chase flags end of gov’t checks
The JPMorgan bank says it’s striving to make branch customers aware of the federal government’s plan to stop sending paper checks next month. Some consumer advocates are still worried.
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Q2 credit card charge-offs fell
Increased consumer incomes led to a drop in net charge-offs and delinquency rates for U.S. bank credit cards in the second quarter, a new report says.
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Local governments press online payments
To avoid paper checks, cities and counties are pushing residents to use online card and ACH payments, according to industry executives.
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How Nokia, AT&T fight mobile fraud
Telecom companies are stepping up their efforts to help financial institutions and payments players reduce phone-related fraud.
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Visa ramps new fraud prevention program
The card giant has merged its fraud prevention and dispute management programs, forcing merchants and their bank card processors to take more responsibility for thwarting misconduct.
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Klarna to raise as much as $1.27B
The buy now, pay later behemoth is ready to proceed with its public stock offering after it first filed for an initial public offering in March.
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Square unveils new product roadmap
Block’s point-of-sale unit offered a public glimpse of new features from its product schedule last week, with a request for customer feedback.
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AGs attack deepfake porn payments
Apple, Visa and others must be “more aggressive” in banning payment authorization for nonconsensual content, state AGs told the companies.
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Innovative Systems acquired by investment firm
The South Dakota billing and payments software company was purchased by the Chicago private equity firm GTCR.
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Retrieved from Walmart.
EWA players seek federal oversight
A trade group representing earned wage access providers backs introduction of a bill outlining federal oversight for the emerging industry.
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BNPL firms urge HUD to skip new rules
Regulators need greater insight into the impacts of buy now, pay later lending, multiple groups said in their comments to U.S. housing officials.
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CFPB proposes trimming nonbank purview
A CFPB rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency said it aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent.
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Worldpay rewires for bot shoppers
The processor aims to prepare its merchant clients for the opportunities and risks of AI-driven agentic shopping.
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Healthcare payments have slowed, CEO says
Doctors and dentists have been unable to grow their revenue as inflation and interest rates cause patients to reduce their visits, the CEO of Rectangle Health says.
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Stablecoins set to transform cross-border payments
The search for faster and cheaper global payments is leading many companies to consider the use of stablecoins for remittances.
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Payments investments, acquisitions slid in H1
Investments in the payments sphere plummeted for the first half of the year, as did acquisitions in the area, according to a KPMG report.
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Will payments be ‘quantum safe’ by 2035?
The federal government and industry organizations warn that fraudsters could use the advanced technology to hack into payments systems.
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US consumer trust in digital payments lags globally
Consumers in the U.S. are less trusting than those in other countries when it comes to using digital tools to make payments, according to a fintech study.