The Latest

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    Chor muang via Getty Images
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    CBDCs offer benefits, risks

    Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

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    Discover Financial Services 

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    Discover relaunches debit account

    After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB slaps warning on P2P

    The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

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    Viorika via Getty Images
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    Dwolla appoints new CFO

    The company also appointed two new board members as it seeks to capitalize on rising A2A payments demand.  

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    Permission granted by Jane Ross
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    Google aims to bulk up wallet

    The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

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    Justin Sullivan / Staff via Getty Images
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    Flywire shops for bigger acquisitions

    The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

  • 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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    B4LLS via Getty Images
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    Worldpay taps Affirm for BNPL

    The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout. 

  • Thomas Warsop, ACI Worldwide interim CEO
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    Permission granted by ACI Worldwide
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    ACI appoints new CEO

    ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

  • Wooden cubes that spell out "M&A"
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    Nastassia Samal via Getty Images
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    Payments cost-cutting could fuel M&A: investor

    Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

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    Courtesy of FIS
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    FIS CEO sizes up competition

    CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

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    Yiran An via Getty Images
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    Marqeta shuts down Australia operations

    The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

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    Justin Sullivan via Getty Images
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    Consumers use cash to forget, study shows

    New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

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    Joe Raedle / Staff via Getty Images
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    Debit network players gear up for July

    Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

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    Milko via Getty Images
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    Consumers, businesses gravitate to faster, mobile payments

    As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

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    jariyawat thinsandee via Getty Images
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    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Levchin downplays Apple threat

    Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

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    Joe Raedle via Getty Images
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    Cash App pursues older, affluent customers

    The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

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    Permission granted by Citizens Financial Group
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    Citizens Bank to pay $9M to settle disputed-charge suit

    The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

  • An Uber Freight driver sits in the cab of a truck using a cell phone app.
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    Courtesy of Uber
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    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

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    bernie_photo via Getty Images
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    Credit popularity doesn’t displace cash: Fed report

    Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

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    Courtesy of PayPal
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    Venmo to launch teen account

    The move is part of PayPal’s plan to lean on Venmo to lure more users.

  • Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA)
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    Alex Wong / Staff via Getty Images
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    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

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    Vadym Petrochenko via Getty Images
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    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

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    Stock photo via Getty Images
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    Bill Holdings discloses ‘material weakness’

    Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”