The Latest

  • People walk on a sidewalk past an ornate door with an iron gate with the words Chase above.
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    Michael M. Santiago via Getty Images
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    RTP payments surged 38% last year

    The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.

  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Ally lays off hundreds of employees

    The digital bank also said this month that it’s exploring strategic alternatives for its credit card business.

  • Instacart's Scan & Pay program
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    Courtesy of Instacart
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    Deep Dive

    Payments plays gather momentum in 2025: 6 industry trends to watch

    Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.

  • A person uses a credit card to pay for a purchase on a computer
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    Poike via Getty Images
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    FTV Capital raises $4B for more B2B investments

    The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10.2 billion.

  • An exterior shot of the Department of Justice building shows the words "Department of Justice" and an American flag flying above.
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    Kevin Dietsch / Staff via Getty Images
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    Fintech Dave alters fee structure, blasts DOJ over amended lawsuit

    The cash advance online platform called the lawsuit “a continued example of government overreach.”

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Sezzle challenges critical research from short-seller firm

    The buy now, pay later firm argues that a recent Hindenburg Research report highlighting a decline in users and merchant partners overlooks important context and details.

  • ACI Worldwide CEO Thomas Warsop
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    Permission granted by John Kraft
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    Q&A

    How ACI Worldwide is deploying AI

    The payments software company has artificial intelligence delivering efficiencies in several areas of its business, CEO Tom Warsop said recently.

  • A close-up of Sen. Bernie Sanders speaking in Dirksen, a U.S. Senate building
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    Courtesy of U.S. Senate Committee on Health, Education, Labor and Pensions
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    Column

    Will Trump and Sanders lock arms to cap credit card interest rates?

    The senator and incoming president partnering on a cap proposal may not be as far-fetched as the payments and banking industries would hope.

  • Priori, Brightflag, 2024 law firm rates
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    insta_photos via Getty Images
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    Payments player Tranch acquired by legal services firm

    Both companies provide services to law firms worldwide, and the acquirer, Elite, says the merger will help expand its product offerings.

  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    CFPB details BNPL, EWA supervision for first time

    In its latest supervisory overview, the Consumer Financial Protection Bureau included a review of buy now, pay later and earned wage access examinations.

  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    How ‘frictionless’ payments may benefit, hurt consumers

    Such digital payments can slash transaction times, improve data security and provide valuable insights into consumer purchasing behavior and preferences.

  • Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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    Anna Moneymaker via Getty Images
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    Merchants, banks spar over Fed’s debit card fee proposal

    Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Debit card decline issue persists for Affirm

    The buy now, pay later firm has a team working to correct a problem with some customers experiencing debit card declines, the company CFO said in December.

  • Person hands two blue bags to person at the front door of a residence.
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    Courtesy of Walmart
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    Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges

    A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.

  • A delivery bag in front of bottles of alcohol in a store.
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    Courtesy of DoorDash
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    Fiserv swallows gig rival Payfare

    The mega payments processor bought a Canadian digital banking provider after the two jockeyed for business from the delivery company DoorDash.

  • An image of a blue sign with "IHOP" words.
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    Scott Olson via Getty Images
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    PAR Technology buys Delaget for $132M

    The food service point-of-sale and payments software provider said it bought the data analytics company to better service restaurant operators.

  • Zelle's new ad campaign
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    Courtesy of Early Warning Services (parent company of Zelle)
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    CFPB sues Early Warning Services over Zelle

    The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester" on the digital system.

  • A person looking at a sports betting app on their laptop and computer
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    scyther5 via Getty Images
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    CFPB takes aim at gambling card fees

    The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.

  • Two Amazon-branded credit cards in front of the Amazon checkout page displayed on a mobile phone.
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    Permission granted by Amazon.

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    Visa spots tripling of fraud over holiday weekend

    The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.

  • Vercel's CEO and CFO together at a table with Stripe CFO and board member Steffan Tomlinson
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    Courtesy of Vercel Inc
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    Stripe CFO joins board of AI start-up Vercel

    The digital payments company’s CFO will become a director at the firm as it seeks to build out generative AI-enabled tools.

  • bitcoin
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    Getty Images/Staff via Getty Images
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    BVNK raises $50M to fuel US expansion

    The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.

  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    CFPB swats at retail credit cards

    The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images
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    Merchants maneuver as Visa enforces surcharge program

    As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.

  • Person with shopping bag passes storefront window with Bitcoin sign
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    Chris McGrath/Getty Images Europe via Getty Images
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    What role do stablecoins play in the payments industry?

    With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.

  • U.S. Bank CEO Andy Cecere is pictured speaking.
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    Drew Angerer / Staff via Getty Images
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    U.S. Bank CEO talks payments split

    Dividing its payments unit into two segments under different leaders points to the significance of the business at the bank, said Andy Cecere, the lender’s chief executive.