The Latest

  • Gift cards hang on a rack in a store.
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    Permission granted by Lynne Marek
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    Prepaid card spending accelerates

    The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

  • Shot of a young woman relaxing on the sofa and using a credit card with a digital tablet
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    gradyreese via Getty Images
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    Bolt advances strategy under new CEO

    Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

  • BofA CashPro
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    Courtesy of Bank of America
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    BofA tackles digital payments pain points

    The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard updates travelers on latest card precautions

    With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

  • A person walks into BNY Mellon's headquarters in New York City.
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    Mario Tama / Staff via Getty Images
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    Banks should proactively tackle instant payments fraud: BNY

    Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

  • Close-up of a person using a self checkout machine.
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    Julia Gomina via Getty Images
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    Self checkout boasts ‘record’ year: report

    The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Crypto theft doubles to $1.38B

    The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

  • The Clearing House CEO David Watson Swift
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    Permission granted by The Clearing House
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    The Clearing House’s RTP network logs Q2 records

    The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.

  • Accounts payable and receivable
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    champpixs via Getty Images
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    Q&A

    Versapay plunges ahead with new C-suite team

    The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    Payroc preps for more acquisitions, envisions potential IPO

    Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.

  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
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    Permission granted by Target
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    Target to stop accepting personal checks

    The retailer’s customers will still have six payment options after the change takes effect in about a week.

  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images
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    Visa-Mastercard settlement generates thousands of claim conflicts

    Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

  • Room with a neon sign that says 'Be Unreasonable' with weights and a desk.
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    Courtesy of Klarna
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    Klarna, Adobe partner on buy now, pay later services

    The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.

  • A sign for Discover Financial Services
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    Scott Olson via Getty Images
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    Discover to settle card class actions for $1.2B

    The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

  • The exhibit floor at the Nacha Smarter Faster Payments conference in Miami this year.
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    Lynne Marek/Payments Dive
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    Payments conferences yet to come in 2024

    Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.

    Updated July 3, 2024
  • Doctor checks child's chest with stethoscope
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    Mario Villafuerte via Getty Images
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    CFPB keeps scrutiny on medical cards

    The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    Creative via Getty Images
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    BNPL credit reporting hangs in limbo

    The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

  • Pilot
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    Brett Dworski/Payments Dive
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    NCR Voyix terminates staff across several units

    The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

  • The New York state capitol building, a white building with multiple towers.
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    4nadia via Getty Images
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    New York BNPL bill is dead, for now

    Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

  • legal team use of AI
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    Shutthiphong Chandaeng via Getty Images
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    Payments industry to use AI to detect fraud, improve efficiency

    Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

  • Loper decision ending Chevron deference doctrine
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    Anna Moneymaker / Staff via Getty Images
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    Supreme Court lets complaint on debit fees proceed

    The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

  • Stickers with the visa and mastercard logos on the exterior window of a store.
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    Justin Sullivan via Getty Images
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    Visa-Mastercard settlement failed to treat merchants ‘equitably’

    A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

  • 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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    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

  • Federal Reserve logo
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    Bet_Noire via Getty Images
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    Atlanta Fed taps payments head for operations chief

    Cheryl Venable is exiting her role as chief of payments operations for the Federal Reserve Financial Services to take the new post.