The Latest

  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    Deluxe to offer direct-biller payment services

    Though checks have been vital to its business, the company is venturing further into digital payments, with an assist from Aliaswire.

  • General view of an Amazon logo on June 3, 2021.
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    Stefano Guidi/Getty Images via Getty Images
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    FTC lawsuit knocks Amazon on payments play

    The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.

  • TikTok Balance
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    Retrieved from Matt Navarra/Twitter on September 28, 2023
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    Column

    TikTok moves to add ‘in-app’ wallet

    The social media app has taken another step toward providing in-app commerce and payments, but may face regulatory resistance.

  • Person walking by Chase bank building
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    Spencer Platt via Getty Images
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    Chase to ban crypto payments for UK customers

    “If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.

  • Square's new website themes for its merchant clients
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    Retrieved from Business Wire on September 27, 2023
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    Square adds merchant tools

    Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.

  • 3D rendering of a shopping cart with a mobile phone.
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    akinbostanci via Getty Images
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    Column

    Social apps face challenges in implementing shopping tools

    Facilitating digital payments would be a big win for social apps, but regulators are less enthused.

  • A person shops online
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    Urupong via Getty Images
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    BNPL users ‘financially fragile,’ NY Fed says

    Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.

  • A digital map of the globe
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    DKosig via Getty Images
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    Andreessen Horowitz pushes cross-border payment improvements

    While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.

  • Binary code abstract background with US $100 dollar banknotes.
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    Viorika via Getty Images
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    Opinion

    Is FedNow pivotal for payments or overhyped?

    FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

  • wawa
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    Retrieved from Wawa press release.
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    Wawa’s $10.7M data breach lawsuit against Mastercard thrown out

    The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

  • A gold American Express card being passed between two hands
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    Joe Raedle via Getty Images
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    Payments processing can get complicated. Here’s a primer.

    How many companies does it take to process a credit card payment?

  • U.S. Rep. Tom Emmer holds up his hands while standing at a podium.
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    Chip Somodevilla via Getty Images
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    Congressional committee passes bill to thwart CBDC

    The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.  

  • A picture of an Uber Mastercard
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    Courtesy of Uber
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    Mastercard fires back at Durbin in letter

    The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.

  • Vice President Kamala Harris
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    Kevin Dietsch/Getty Images via Getty Images
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    Biden administration seeks to erase medical debt from credit reports

    In kicking off a medical debt rulemaking process, the CFPB aims to address the "tremendous burden" of medical debt, Vice President Kamala Harris said Thursday.

  • Holiday gifts.
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    Retrieved from Piqsels.
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    Holiday spending to increase 3.7%: Mastercard

    Consumer outlays for electronics and at restaurants are expected to boost expenditures this year, according to the card network.

  • Varo to Anyone is displayed on a mobile phone.
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    Permission granted by Varo Bank
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    Varo aims to displace Venmo, Cash App volume with P2P feature

    The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

  • A large X is seen on the roof of the former Twitter headquarters on July 28, 2023 in San Francisco, California.
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    Justin Sullivan via Getty Images
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    Is X unfit to hold state money licenses?

    Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

  • Different gift cards on sale at a store
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    The image by 401(K) 2012 is licensed under CC BY-SA 2.0
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    California legislature passes plastic gift card ban

    The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.

  • Header image for "JPMorgan Chase Names Jeremy Barnum CFO"
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    Getty Images via Getty Images
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    JPMorgan taps Gusto to offer embedded payroll

    Chase Payment Solutions’ small and medium-sized business customers can use Gusto to combine the payroll process with financial operations.

  • Screenshots of Uber Eats' AI assistant tool
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    Courtesy of Uber
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    Uber to add more payments tools to its app

    The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.

  • Cleveland Browns Stadium on game day
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    Permission granted by The Harris Agency
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    Stadium payments competition heats up

    Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.

  • Amazon's tech at work at the Climate Pledge Arena in Seattle, Washington.
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    Courtesy of Amazon
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    Amazon adds RFID to cashierless tech

    The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.

  • Mature women shopping online using mobile phone at home
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    FG Trade via Getty Images
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    EMVCo floats click-to-pay guidelines

    The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.

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    Steve Jennings / Stringer via Getty Images
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    Brex adds AI tool

    Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.

  • An employee uses Square point of sale hardware
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    Courtesy of Square
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    Square CEO to depart

    Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.