The Latest

  • Money moving through cyberspace.
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    Viorika via Getty Images
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    MoneyGram attack exposed sensitive customer data

    The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

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    Bonnie Cash via Getty Images
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    Durbin jumps into Illinois interchange law fray

    Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

  • A female doctor and senior patient discuss medical records.
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    SDI Productions via Getty Images
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    Opinion

    Healthcare’s paper check disease

    “The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    Fiserv teams with Canadian company on open banking

    Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    Real-time payments to make uneven progress, report predicts

    The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

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    Google Maps

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    Fiserv nets special banking charter in Georgia

    The payments processor is only the second company to win the special bank charter since Georgia made it available.

  • OCC
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    Retrieved from OCC.
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    OCC seeks to halt Illinois card interchange fee law

    The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

  • Person uses a phone to pay with credit card
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    Sitthiphong via Getty Images
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    Oportun inks deal to sell credit card portfolio

    The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products. 

  • U.S. Attorney General Merrick Garland stands at a podium with hands lifted, shrugging with a smirk.
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    Kent Nishimura via Getty Images
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    Visa expected to temper competitive moves after DOJ action

    The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.

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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

  • A picture of an Uber Mastercard
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    Courtesy of Uber
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    Mastercard to buy Minna Technologies

    The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    P2P payments tools lack transparency, consumer group says

    Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

  • Visa debit cards antitrust
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    Roy Rochlin via Getty Images
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    Visa boosts litigation funding ahead of US antitrust fight

    The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

  • A scene with people standing at colorful booths at the Nacha Faster Smarter Payments conference in Miami in 2024.
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    Lynne Marek/Payments Dive
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    Payments conferences to keep on your radar for 2025

    Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm may offer discounts after Fed interest rate cut

    The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

  • A man stands in front of a podium in a suit.
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    Bill Pugliano via Getty Images
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    Trump interest rate cap draws criticism

    Fewer people would be approved for credit cards, and credit card issuers would offer fewer perks, opponents of the longshot proposal say.

  • Digital payments
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    Courtesy of Adyen
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    Fed dissects consumer use of digital payments

    While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv, Wells Fargo to end joint venture

    The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

  • MoneyGram telephone sits on store counter.
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    Retrieved from Lynne Marek on March 04, 2022
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    Moneygram faces backlog after outage

    The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

  • Ryan McInerney with arms folded
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    Permission granted by Andy Gerit
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    Visa to buy cybersecurity firm Featurespace

    The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

  • Bank sign on glass wall of business center
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    ultramarine5 via Getty Images
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    FDX seeks to become open banking standard-setter

    The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    How Visa stymied big tech rivals

    The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.

  • Sezzle CEO Charlie Youakim
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    Permission granted by Sezzle
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    Q&A

    Sezzle evolves alongside BNPL industry

    The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive.

  • Visa debit cards antitrust
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    Kent Nishimura via Getty Images
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    DOJ suit accuses Visa of illegal debit payment monopoly

    The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe shows signs of IPO, despite co-founder comments

    The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

    Updated Sept. 26, 2024