The Latest

  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images

    CFPB attacks credit card late fees

    The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    B4LLS via Getty Images

    Zip pauses acquisitions

    The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

  • PayPal CEO Dan Schulman walking in front of trees
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    Drew Angerer via Getty Images

    PayPal to cut 7% of its workforce

    The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows

    Marqeta’s new CEO targets embedded finance

    Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

  • Cloud computing image
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    Just_Super via Getty Images

    Jack Henry earnings grab spotlight

    Customer appetite for Jack Henry's services is likely to attract analysts' attention in the upcoming earnings report.

  • Jason Gardner, Marqeta
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    Courtesy of Marqeta

    Marqeta to buy Power Finance

    The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

  • The Department of Justice in Washington, D.C.
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    Drew Angerer via Getty Images

    Visa gets snarled in probes

    The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”

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    Dan Kitwood / Staff via Getty Images
    Deep Dive

    Crypto may yet upend payments

    Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.

  • Ryan McInerney with arms folded
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    Permission granted by Andy Gerit

    Visa’s incoming CEO taps new team

    Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.

  • Stack of credit cards spread out
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    alexialex via Getty Images

    Visa, Mastercard, Amex results buoyed by consumer spending

    The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

  • Stephanie Ferris head shot
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    Courtesy of FIS

    FIS sees another director resign

    A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations.

  • Cryptocurrencies laying on a flat surface next to a smartphone that shows a chart with zig-zagging lines.
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    Jack Taylor via Getty Images

    Visa stands by crypto

    At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

  • elizabeth warren
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    Spencer Platt via Getty Images

    Warren calls for more regulation of crypto

    The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry.

  • A person in a coat rides a bicycle holding a red DoorDash bag.
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    Michael M. Santiago/Getty Images via Getty Images

    DailyPay lands $260M in debt financing

    The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.

  • coppel access fintech app
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    Permission granted by Grupo Coppel

    Retailer targets Mexican Americans for digital wallet

    The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

  • A person's hand types on a keyboard while the other hand holds a credit card.
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    Poike via Getty Images

    Bluefin, Visa pursue network tokenization

    Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.

  • Phoenix midtown skyline with a Saguaro Cactus and other desert scenery in the foreground.
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    Davel5957/iStock via Getty Images
    Opinion

    Why the Arizona AG opinion on EWA matters

    “The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.

  • A customer using Amazon One to pay
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    Courtesy of Amazon

    Stripe, Amazon ‘deepening’ their tie

    Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.

  • A plastic-gloved hand gives a $100 bill to another hand.
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    Mario Tama via Getty Images

    Paymentus to accept payments via Green Dot Network

    Paymentus is tapping Green Dot’s network to extend the number of locations where it accepts cash bill payments from consumers.

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    Justin Sullivan / Staff via Getty Images

    Big banks to launch digital wallet operated by Zelle parent: report

    The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

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    Jack Taylor / Stringer via Getty Images

    Gemini cut another 10% of staff: report

    The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.

  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images

    Earnings preview: Payments companies face up to 4Q

    How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.

  • Global currency symbols with skyscrapers in background
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    metamorworks via Getty Images

    International coalition pursues cross-border payments improvements

    In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

  • A young coffee shop worker entering the order into the a digital display screen.
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    sturti via Getty Images

    FIS director resigns after appointment last month

    An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.

  • PayPal logo depicted on a sign.
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    Sean Gallup via Getty Images

    PayPal confirms data breach

    Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.