The Latest
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Healthcare payments have slowed, CEO says
Doctors and dentists have been unable to grow their revenue as inflation and interest rates cause patients to reduce their visits, the CEO of Rectangle Health says.
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Stablecoins set to transform cross-border payments
The search for faster and cheaper global payments is leading many companies to consider the use of stablecoins for remittances.
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Payments investments, acquisitions slid in H1
Investments in the payments sphere plummeted for the first half of the year, as did acquisitions in the area, according to a KPMG report.
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Will payments be ‘quantum safe’ by 2035?
The federal government and industry organizations warn that fraudsters could use the advanced technology to hack into payments systems.
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US consumer trust in digital payments lags globally
Consumers in the U.S. are less trusting than those in other countries when it comes to using digital tools to make payments, according to a fintech study.
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Fifth Third buys payments player
The acquisition of cash management software firm DTS Connex bolsters the bank’s commercial payments business, which already processes significant sums, specifically $17 trillion last year.
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CFPB seeks comments for new open banking rule
The agency wants to learn about costs, fees and consumer data risks associated with open banking as it seeks to revise a 2024 rule.
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Fed explores fintech innovation
The Federal Reserve has begun “technical research” on financial technology, including tokenization and AI in payments, said Christopher Waller, a board member and reportedly a candidate for the chairman role.
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CFPB mulls cutting int’l money transfer oversight
The Consumer Financial Protection Bureau is reconsidering the definition of a large international money transfer firm, potentially reducing regulation.
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PayPal, Mesh jump into crypto conversion
Just as gold and cash coexist, stablecoin will serve payments while volatile cryptocurrencies remain an investment vehicle, the CEO of crypto-transfer firm Mesh says.
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EarnIn draws adverse court ruling
A federal judge ruled against the earned wage access company in a decision earlier this month, saying lending laws apply to its business.
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NY queries BNPL providers
New York regulators said Monday that buy now, pay later companies can have extra time to furnish voluntary BNPL data ahead of new state rules.
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Early Warning shirked safeguards, NY says
As states step into the breach left by the CFPB, New York alleges Zelle’s parent devised security policies in 2019 to counter fraud on the payments network, but didn’t impose them for four years.
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Payments players spar for sports contracts
The goal: elevate brand image and bring real-time data to stadium merchants, offering sports fans an integrated experience.
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ACH payments used for ex-banker’s fraud
A former Alabama banker made some 273 fraudulent ACH transactions over 10 years, ultimately embezzling about $2.3 million, the DOJ said.
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Q&A
How stablecoins could impact payments: ACI
With clients wondering how stablecoins will impact payments in the Genius Act era, ACI Worldwide’s chief strategy and growth officer offers insights.
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Opinion
The case for earned wage access
“This is a tool that workers value and that policymakers should make more accessible, full stop,” one economist writes.
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Klarna buffs results ahead of IPO
The BNPL giant says consumer defaults ebbed and active users surged in the second quarter as the company ponders when to go public.
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Trump order zeroes in on payments
The president’s ‘debanking’ executive order last week took aim at financial firms that may be stymieing payments services for political reasons.
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NMI appoints new CEO
The embedded payments company plans to install a former top Billtrust executive as its next CEO, after Vijay Sondhi exits next month.
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NY sues Early Warning over Zelle fraud
The NY attorney general’s state lawsuit comes five months after the Consumer Financial Protection Bureau dropped a federal action over the same matter.
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Google makes payments play
The search giant has locked arms with Wise, Klarna and others to improve and expand its payments services, including in remittances and e-commerce.
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Circle courts broader payments community
The company is seeking partnerships to boost the use of its USDC coin in payments, along with its cryptocurrency tools and services.
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Payroc to buy Agilisa Technologies
The big nonbank payment processor has grown via acquisitions in recent years, and this one extends its reach in Latin America.
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Shift4 helps crypto fans blast off
The payments company has started processing cryptocurrency transactions for the space flight company Blue Origin.