The Latest

  • A hand holds a smartphone displaying the Affirm app.
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    Courtesy of Affirm
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    Deep Dive

    Regulatory patchwork vexes BNPL

    In the absence of federal regulation, the pay later industry is falling under the purview of state laws that were not intended for buy now, pay later transactions.

  • Klarna BNPL IPO NYSE buy now pay later Walmart
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    Courtesy of Klarna Group
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    Klarna embraces crypto

    The BNPL company said it’s testing a new stablecoin, and plans to launch it publicly next year.

  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    How the open banking rule skidded

    The Consumer Financial Protection Bureau faces a budget crunch or closure in early 2026, clouding the fate of its open banking rule revision.

  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe faces bank charter pushback

    The National Community Reinvestment Coalition says the Office of the Comptroller of the Currency charter would let Stripe sidestep regulations, and offer the fintech legitimacy it does not deserve.

  • retail shopping fraud holidays Visa Mastercard
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    Kena Betancur via Getty Images
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    Card networks flag fraud

    Visa and Mastercard issued reports this month that warn consumers and merchants of upgraded fraudster techniques ahead of the year-end holidays.

  • U.S. President Donald Trump holds up the “GENIUS Act” alongside applauding lawmakers at the White House.
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    Win McNamee via Getty Images
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    Opinion

    Stablecoin risks loom: Op-ed

    The Genius Act, a law enacted this year to provide stablecoin regulations, doesn’t adequately protect consumers, one think tank lawyer writes.

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    Getty Images
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    Senators back open banking rule

    Democrats urged the Consumer Financial Protection Bureau to pursue an open banking rule that lets consumers freely shift personal financial data.

  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Dems dig into BNPL

    A group of Democrats queried seven buy now, pay later companies for information about who uses their services and how often.

  • A person uses a credit card to pay for a purchase on a computer
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    Getty Images
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    How consumers see card threats

    Many card users say their card issuers haven’t prompted them to take security precautions recently, a J.D. Power survey showed.

  • Cash App Block consumer lending loans
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    Sean Zanni via Getty Images
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    Block eyes services for preteens

    The company aims to make savings and card services available on its Cash App digital wallet for preteens, according to a Wednesday presentation. The tools would presumably be managed by parents.

  • A commercial building with large windows; the sign “Capital One Bank” appears in white letters with a red swoosh over a glass entrance.
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    Alamy
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    Capital One joins FedNow

    The bank signed up for the Federal Reserve’s real-time payments system this week, leaving just one of the five major U.S. banks that has not.

  • Russ Vought is shown looking to his right with other people seated behind him in the background.
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    Anna Moneymaker / Staff via Getty Images
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    White House nominates Vought aide to lead CFPB

    Stuart Levenbach’s nomination is technical and extends Russ Vought’s tenure as acting director, a bureau spokesperson said.

  • BaaS, Banking as a service, fintech, financial technology, mobile banking, contactless payment
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    Getty Images
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    Priority Tech investors oppose proposed CEO buyout

    Shareholders of the payments software firm urged its board to reject an offer from Thomas Priore valuing the company at up to $520 million.

  • Mesh cryptocurrency digital assets POS retail stablecoins PayPal
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    Joe Raedle via Getty Images
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    Citi, Swift wrap digital asset trial

    The two institutions contend that interoperability between crypto ledgers and traditional financial systems is possible.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed pitches fraud-fighting tips

    The Federal Reserve Financial Services suggests that financial firms draw from a range of data sources to spot possibly fraudulent transactions.

  • A person uses a sewing machine.
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    Permission granted by Patagonia
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    Adyen US executive exits

    The Dutch payments processor’s president for North America, Davi Strazza, said he’s leaving after witnessing 11 years of growth.

  • shopping payments stablecoins cryptocurrency Genius Act
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    Getty Images
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    Stablecoins carry consumer risk: panel

    The U.S. Genius Act turbocharged stablecoin interest but left many consumer protection aspects to regulators, crypto professionals warned.

  • In the foreground is a computer screen displaying an animated image of a girl, and in the background people stand with their hands up on their heads.
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    Ezra Acayan / Stringer via Getty Images
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    Opinion

    Next-gen AI means next-gen fraud. Are we ready for it?

    “The next phase of innovation is going to be about discernment, not necessarily having the most advanced model,” says a payments firm CEO.

  • Fiserv Argentina payments processing currency inflation
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    Tomas Cuesta via Getty Images
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    Fiserv CEO explains struggles

    The payments processor saw anemic growth in Argentina and misjudged how to juggle long-term and short-term projects, CEO Mike Lyons said.

  • BNPL Sezzle retail consumer shopping buy now pay later financing loans
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    Sezzle renews subscription focus

    The buy now, pay later firm’s CEO says that when a consumer makes a monthly financial commitment they spend more and deliver higher profits.

  • A young woman customer placing her order at a fast food convenience restaurant.
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    Getty Images
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    Q&A

    Rain CEO embraces regulation

    Alex Bradford, who leads the earned wage access provider, backs industry regulation, but recoils at the thought of some “antiquated” state laws.

  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex says BNPL isn’t a rival

    Buy now, pay later competitors don’t concern American Express because the credit card giant depends on wealthier customers.

  • Cash App money wallets bitcoin cryptocurrency
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    Getty Images
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    Block touts Cash App updates

    The payment provider ballyhooed Cash App’s new and existing features this week as it vies with digital wallet rivals.

  • CFPB open banking banks Russell Vought fintechs
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    Chip Somodevilla via Getty Images
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    Column

    Dive Deposits: CFPB cries poor

    A Justice Department office argued the Fed has no money to fund the bureau. The CFPB’s acting director hasn’t asked the central bank for money anyway.

  • Fiserv headquarters
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    Courtesy of Fiserv
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    Fiserv shareholders sue again

    The complaint alleges the payment processor’s July revision of its revenue growth guidance was based on faulty data.