The Latest

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  Analysts call on Block to share anti-fraud details

  Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

  Banking

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  3 ways to increase on-time payments during an economic downturn

  Discover how to increase on-time payments and make flexibility and payment convenience a priority at your business.

  Regulations & Policy

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  Credit card spending topped $13T last year: FIS report

  Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

  Retail

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  DoorDash to offer SNAP online purchasing for grocery orders

  Offering the payment option will reduce accessibility barriers to getting groceries, as well as boost convenience for SNAP users, DoorDash said.

  Retail

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  BNPL remains mainly absent from consumer credit histories

  The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

  Retail

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  Tandym adds retailers for rewards programs

  The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

  Retail

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  CFPB seeks to improve credit card transparency

  The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

  Retail

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  Q&A

  Bank failures could cause SMB credit crunch

  The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.

  Banking

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  CFPB funding is constitutional, 2nd Circuit court rules

  The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.

  Banking

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  Buy now, pay later explodes in grocery

  The percentage of online transactions involving groceries where shoppers opted to delay payment grew 40% during the first two months of 2023, according to Adobe data.

  Retail

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  FedNow attracts real-time payments early adopters

  Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

  Banking

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  Convenience chain to install bitcoin ATMs

  GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.

  Retail

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  Nacha CEO counts FedNow as competition

  Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

  Banking

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  DoorDash adds cash payment option

  The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.

  Retail

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  Panera tests Amazon One palm payments at 2 cafes

  Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.

  Retail

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  Amex shareholders to vote on abortion-related proposal

  The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

  Banking

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  Brex, other fintechs stand by troubled banks

  After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

  Banking

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  Western Union CEO gives rivals respect

  The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.

  Retail

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  Mastercard buys Baffin Bay Networks

  The card network company said it bought the cybersecurity business to better combat cyber-attacks in an increasingly threatening environment.

  Retail

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  Apto Payments, Sardine team on anti-fraud tools

  Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

  Banking

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  Democrats slam card CEOs on gun code

  A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.

  Retail

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  BNPL firms snag consumers at checkout: J.D. Power

  As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

  Retail

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  Payments execs detail SVB impact

  The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

  Retail

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  FedNow aims for late end of launch period

  The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

  Banking

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  Fiserv, Jack Henry CEOs react to bank crisis

  Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

  Retail

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  Meijer, Flashfood expand tie-up to include SNAP payments

  The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app. 

  Retail

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