The Latest
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Block inches closer to DOJ settlement
The company set aside $240 million in the first quarter as it negotiates with the Justice Department over allegations in a 2023 short seller’s report.
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ColumnDive Deposits: Affirm’s AI stance runs counter to trend
While some fintechs are content to do more with less through AI, BNPL platform Affirm simply aims to do more, as its top execs eschew human layoffs in favor of artificial intelligence.
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PayPal settles with DOJ over DEI
The digital payments company agreed Tuesday to a settlement with the Department of Justice over a 2020 diversity investment fund.
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Shopify loses bid to toss Sezzle lawsuit
The e-commerce platform can't jettison plausible monopoly claims made by the buy now, pay later company, a federal judge ruled Monday.
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Lynne Marek/Payments Dive
FIS discounts Pismo competition
The payments processor and core tech provider doesn’t expect competition from that Visa business to make an impact.
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Judge combines Fiserv lawsuits
Shareholder complaints against the payment processor are closely related and should be adjudicated in a New York case, a Wisconsin federal judge ruled.
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Senators query credit bureaus on BNPL
A group of Democrats wants to know how credit agencies are using buy now, pay later data and what changes may be planned in the future.
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Appeals court remands Illinois card fee case
A move by federal officials to preempt Illinois’ interchange fee ban requires further review by a district court, the 7th Circuit said Friday.
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Block leans into its AI future
After cutting 4,000 jobs, the company is eager to demonstrate the benefits of artificial intelligence both internally and for customers.
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Global Payments touts Genius gains
The payments processor has moved quickly to push its Genius point-of-sale solution to Worldpay’s sales channels and financial customers.
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Fed to launch roundtable to fight payment fraud
The Federal Reserve sees a rising threat of payment fraud and wants to collaborate with other agencies to stop it, a Fed Vice chair said.
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US agentic sales to reach $1T by 2030: report
But even as the technology grows in popularity, the physical shopping experience will remain important, per a new report.
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Fiserv moves through ‘transition year’
During its first-quarter earnings report Tuesday, the payments processor’s CEO cited new executive hires and cost cuts aimed at reviving growth.
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PayPal CEO aims to keep company intact
In comments to analysts, the payment player’s new leader side-stepped speculation about breaking up the company, saying he sees PayPal, Venmo and Braintree together.
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How Spirit Airlines customers can navigate payments
One consumer advocacy group is urging the airline’s customers to seek refunds “quickly” after the carrier’s abrupt shutdown.
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Lynne Marek/Payments Dive
Amex to sell travel unit stake for $1.5B
The card company is divesting its nearly one-third ownership of the corporate travel services firm Global Business Travel Group.
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State AGs target e-cigarette payments
Attorneys general across the U.S. have alerted payments providers that their tobacco and nicotine sales may violate state or federal laws.
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Visa, Mastercard cite travel slowdown impact
While the war in Iran is depressing travel and hurting income, the card networks are leaning into stablecoins to drive future revenue growth.
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How AI is bettering B2B payments
AI is a new tool to help optimize accounts receivable, which has become a “data science challenge” for many large companies, Billtrust’s CEO says.
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Lynne Marek/Payments Dive
Nacha confab fun included swag, mixers and games
The Smarter Faster Payments conference this week wasn’t all work. There were games, freebies and parties to balance the heady panels.
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Tourism group decries credit card bill
The organization backed by the Electronic Payments Coalition attacked the Consumer Credit Card Competition Act proposal.
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Courtesy of Stripe
Stripe, Google partner on agentic commerce
With a Google partnership unveiled Wednesday, the payments processor is bringing agentic checkout to four of the largest AI platforms.
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Lynne Marek/Payments Dive
Why EWS created Certos
Early Warning Services wanted to do more than return to its roots. It’s bolstering its anti-fraud services, following challenges on that front.
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Lynne Marek/Payments Dive
Adyen nabs loyalty platform for $876M
The deal for Talon.One will let the Dutch fintech connect a shopper’s online and in-store interactions so promotions and pricing can be adjusted midstream.
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Courtesy of American Express
Amex pushes for agentic standards
The credit card company has offered customers protections for bot shopping, and it’s urging industry players to embrace a shared standard.
