The Latest

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    Justin Sullivan via Getty Images
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    Opinion

    Visa’s new program rejects fake data

    “The industry has pulled together to try and meet the new requirements,” writes one industry CEO. “Unfortunately, some processors and gateways are already trying to game it.”

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    Mobile phone IDs may help fight fraud

    Biometric features in Apple iPhones and Google’s Android-based devices can pair with digital identifications to combat fraud, two U.S. House members said.

  • A hand holds a smartphone displaying the Affirm app.
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    Courtesy of Affirm
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    BNPL connected to poor mental health: study

    Johns Hopkins University researchers have spotted a link between people with mental health conditions and those that have used buy now, pay later loans.

  • Exterior sign of a money transfer agency featuring logos for Ria, Western Union, and MoneyGram, mounted on a stone building in France.
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    Alamy
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    Cross-border payments goals remain elusive

    G20 nations have inched ahead in making cross-border payments more efficient and affordable, but progress has been uneven, says a new BIS study.

  • Exterior view of a PNC Bank branch with a revolving glass door. The building facade has large vertical columns. The PNC Bank sign features a blue and orange color scheme above the entrance.
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    Alamy
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    Why PNC joined FedNow

    The bank finally joined the Federal Reserve’s instant payments system this year after a significant Treasury Department announcement.

  • A rendering shows a busy streetscape in front of the future Etihad Park stadium in Willets Park, Queens.
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    Courtesy of Turner Construction
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    EWS leans into sports

    The fintech has signed Paze agreements with two pro sports teams since September, banking on fans' loyalty to their teams.

  • open banking CFPB regulations fintechs apps banks
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    Open banking fees fuel debate

     Bank, fintech and consumer advocacy panelists disagreed this week during a panel discussion about the basis for imposing fees for data use.

  • Walmart retail credit card swipe fees Visa Mastercard
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    Joe Raedle via Getty Images
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    Walmart wants out of card class

    The retailer says a proposed settlement with Visa and Mastercard over card fees demonstrates the need for major changes to the plaintiff class.

  • A close up picture of an American Express credit card.
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    Getty Images
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    Amex CEO slams surcharges

    Steve Squeri said higher surcharges would be a negative experience for the card network’s customers.

  • A large Paypal logo and sign are seen from a low angle, and a commercial building entrance is behind it.
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    Alamy
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    PayPal seeks bank charter

    The digital payments pioneer has applied with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form an industrial bank.

  • card networks swipe fees credit Visa Mastercard lawsuit merchants
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    Merchants assail card fees pact

    Retailers, restaurants and others oppose a proposed court settlement with Visa and Mastercard over swipe fees as insufficient and favorable to the networks.

  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Payments Dive
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    BNPL loan values rise, CFPB says

    The average size of buy now, pay later loans grew and use of the payment method inched up, a Consumer Financial Protection Bureau study said.

  • Woman ordering new high heel shoes in online shop and paying for purchase by credit card.
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    Getty Images
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    Sapphire ads were ‘puffery,’ BBB says

    When JPMorgan Chase advertised its Chase Sapphire Reserve cards as the “most rewarding,” the bank card issuer should have provided more context, the BBB’s National Programs’ advertising arm determined in response to a challenge brought by Capital One.

  • MoneyGram logo displayed on a building facade in Tirana, Albania, on June 4, 2022. The logo features a red circular icon with a white arrow, symbolizing global money transfers.
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    Alamy
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    MoneyGram swipes Wells Fargo vet for CFO

    Marc Winniford will take the finance reins of the legacy cross-border payments company that is seeking to digitally overhaul its sprawling operations.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    Getty Images
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    JPMorgan backs B2B firm Mondu

    The largest U.S. bank’s payments arm plans to provide debt financing and collaborate with the Dutch business-to-business services firm.

  • Aerial view of rooftops in a suburban neighborhood. A street curves through the houses.
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    Getty Images
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    Q&A

    Tyler Technologies aids payments modernization

    The software and payments firm is supporting the federal call to modernize payments as it caters to state and local government clients.

  • cross border payments global trade stablecoins
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    Opinion

    Stablecoins are inevitable in cross-border payments

    The digital currency is already demonstrating its value across a variety of use cases in multiple markets, a cryptocurrency executive writes.

  • Ryan McInerney with arms folded
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    Permission granted by Andy Gerit
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    Visa CEO pay tops $31M

    Chief Executive Ryan McInerney’s total pay package last year at the card network was $31.56 million, the highest ever for the job.

  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe digs deeper into crypto

    The digital payments player bought a crypto-focused digital wallet, and its Privy unit has joined with Klarna to develop a crypto wallet.

  • credit cards cash networks Visa Mastercard restaurants American Express interchange
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    Card fees creep onto restaurant tabs

    Beset by higher food and labor costs, more restaurants are starting to pass along their credit card fees.

  • CFPB Russell Vought Federal Reserve lawsuits payments regulation
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    Anna Moneymaker via Getty Images
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    CFPB budget becomes court fight

    The Consumer Financial Protection Bureau, which has sought to police payments plays, has made its funding a key issue in battling two lawsuits that aim to keep the agency open.

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    Sam Silverstein/Payments Dive
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    Why Block created a credit score

    The digital payments company has services like Cash App and Afterpay that are largely used by young customers who lack credit histories.

  • A man in a coat sits in a pew praying while light streams through a window in the background of a stone church.
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    Christopher Furlong via Getty Images
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    Vanco, ACS Technologies merge to court churches

    The two companies aim to provide payment processing and church management software through a single digital hub. 

  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    Visa’s new program vexes merchants

    The card giant’s revamped system for assessing interchange fees on credit card transactions has socked some merchants with higher costs.

  • Airwallex HQ San Francisco venture capital
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    Justin Sullivan via Getty Images
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    Airwallex raises $330M in new funding

    The payment player’s latest capital injection will help fund further U.S. expansion and a second headquarters in San Francisco.