The Latest

  • PayPal CEO Enrique Lores
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    Justin Bachman/Payments Dive
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    PayPal isn’t agile enough, CEO says

    As part of his turnaround efforts, Enrique Lores said Monday the digital payments company requires faster decisions and clearer accountability.

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    Permission granted by Finastra
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    Sponsored by Finastra

    AI’s real opportunity in payments is giving experts back their time

    Advancing operational efficiency through intelligent guidance on errors and exception handling.

  • subscriptions business recurring payments Adobe
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    Butter Payments has been sold

    The company was purchased last month, said its former chief executive, Charles Rosenblatt, who noted intensifying competitive pressures.

    B2B
  • Eric Glyman Ramp software fintechs
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    Big Event Media via Getty Images
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    Ramp seeks bank charter

    Ramp applied with the Office of the Comptroller of the Currency for a national trust bank charter on Friday.

  • digital identification privacy rights fraud payments scams
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    Utah forms digital ID consortium

    The state is using its digital identity law as a model for having individuals, not governments, control their personal data, Utah’s chief privacy officer said.

  • Visa Mastercard interchange fee litigation merchants Brooklyn federal court
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    Visa, Mastercard urge court to approve fee settlement

    The card networks contend Walmart and trade groups want to scuttle a legal pact over card swipe fees using recycled arguments the court has rejected.

  • Stripe President John Collison
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    Getty Images Entertainment via Getty Images
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    Stripe agentic commerce revs up

    The digital payment juggernaut’s agentic commerce activity went “vertical” last month, President John Collison said this week.

  • credit card debt household finances
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    Credit card debt ticks up

    Consumers have been grappling with rising credit card interest rates and ballooning balances in the past few years, a recent Fed survey found.

  • employer handing employee a paycheck
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    Opinion

    Congress should examine EWA bill

    “Combining employer-integrated solutions and direct-to-consumer products under a single, relaxed standard weakens consumer safety,” writes an industry executive.

  • Fiserv investor lawsuit shareholders retail Frank Bisignano
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    Tierney L. Cross via Getty Images
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    Fiserv ‘reset’ bolsters case, litigants say

    The processing giant has no basis for a shareholder lawsuit to be dismissed, given its own comments, investors suing the company told a judge this week.

  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    Q&A

    JPMorgan rounds up partners

    The biggest U.S. bank has been collecting payments partners to better integrate software and keep up with industry trends, among other purposes.

  • stablecoins crypto policy cross border payments Fed research
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    Businesses view stablecoins warily

    Despite the hype surrounding the digital assets, businesses remain cool to using the cryptocurrency, according to the results of a Cleveland Federal Reserve survey.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Payments Dive
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    Upgrade applies for ILC charter

    The decade-old credit-card startup named a SoFi alum and longtime regulator as CEO of its proposed bank.

  • Stacks of metal coins with circles and a dollar sign in the middle.
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    Stablecoin startups advance payments

    Entrepreneurs embracing the digital assets are pushing payments modernization forward, and bringing incumbents along too.

  • Close-up of several overlapping bank cards on a wooden surface, with Visa and Mastercard logos visible.
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    The image by Sean MacEntee is licensed under CC BY 2.0
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    Visa moves ahead in China

    The card network giant said it won approval from the Chinese government to begin preparing to offer card services domestically in the country.

  • A Federal Reserve logo sign is shown affixed to panes of glass on a building's exterior.
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    Andrew Harnik / Staff via Getty Images
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    Fed names new payments chief

    Federal Reserve Financial Services tapped Kim Robbins to succeed Mark Gould starting in November.

  • Credit card logos stickers showing on outside of restaurant window.
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    Scott Olson via Getty Images
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    Visa-Mastercard payouts top $631M

    The tally of merchants receiving funds from a $5.5 billion settlement with the networks is nearing 700,000, according to a claims update.

    B2B
  • American Express signage
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    Justin Sullivan via Getty Images
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    Amex dinged by Fed, OCC

    American Express must pay a $350 million penalty after regulators cited “significant deficiencies” in its anti-money laundering program.

  • Block bitcoin Miles Suter consumer payments crypto
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    Marco Bello via Getty Images
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    Block envisions bitcoin for all

    The company’s head of bitcoin, Miles Suter, has two big tasks: Make bitcoin a routine payment tool and change the global financial system.

  • Hand holding modern smartphone with an AI agent application on screen.
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    Opinion

    How agentic payments present risk

    “There's no clear legal rule for who bears the loss when an AI tool exceeds its mandate,” writes one financial services consultant. “That's a problem for issuers as they contemplate making credentials available to AI tools.”

  • Department of Treasury
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    Treasury taps data to fend off fraud

    The U.S. department has increased its scrutiny of payments using new sources of data in an attempt to stem past ‘pay and chase’ patterns.

  • Baskets act as a backdrop behind the counter of a small basket shop merchant counter.
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    Getty Images Entertainment via Getty Images
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    Amex advises businesses on AI

    As consumers start using artificial intelligence to comparison shop, American Express aims to guide merchants in using the new technology.

  • People scattered across a conference scene talking, standing, with some at high top tables and Visa booth in background.
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    Lynne Marek/Payments Dive
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    Payments conferences for 2027

    Real-time payments, stablecoins and AI use cases are expected to be among the hot topics at next year’s industry events.

  • Changing face using AI generated deepfake technology
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    Finance leaders fight deepfakes

    Corporate finance departments are grappling with AI-enabled fraud, according to the results of a new survey by Early Warning Services’ Certos.

  • close up of dollar bills
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    Payments income bolsters banks

    Income from card, digital and other rails has swelled to about 40% of revenue for the global bank industry, according to consulting firm McKinsey.

  • FedEx logistics supply chain Stripe business lending
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    Spencer Platt via Getty Images
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    Stripe, FedEx team on SMB lending

    Merging operational and financial data will offer insights into smaller businesses and guide an effort to extend capital to them, the companies said.

    B2B