The Latest

  • People stand and sit by a conference booth marked with the The Clearing House logo.
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    Lynne Marek/Payments Dive
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    Why one cross-border payments pilot was stymied

    Differing regulations across borders makes the instantaneous movement of money a nearly insurmountable challenge, an executive with The Clearing House said.

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    Marqeta via Adobe

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    Sponsored by Marqeta

    One end-to-end platform for consumer and commercial payments

    A single platform for consumer and commercial payments drives revenue and accelerates time-to-market.

  • 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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    Executive Shuffle: Fiserv, Mastercard and DailyPay

    Payments and fintechs reset leadership this month with new CEOs and fresh executives to jump-start finance, sales and marketing functions.

  • CFPB open banking banks Russell Vought fintechs litigation
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    andresr via Getty Images
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    Judge blocks open banking rule enforcement

    The preliminary injunction in a federal lawsuit enjoins a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule.

  • Mastercard image of two interlocking circles and a horizon seen through them.
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    Courtesy of Mastercard
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    Mastercard sidesteps reported crypto deal question

    “There isn't just one big bet,” the card network’s CEO said, before opting not to comment on the company’s reported interest in buying a crypto startup.

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Q&A

    Agentic commerce portends merchant headaches

    AI agents used by shoppers will change the equation for online sellers, Mastercard’s executive vice president for security solutions said on the sidelines of the Money 20/20 conference.

  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv CEO orders major changes

    The processor replaced its CFO and added new directors as it seeks to revamp after a management review and troubled quarter revealed deep weaknesses.

  • A person holds a phone at a table; the Paypal logo is on the screen.
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    Alamy
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    PayPal spots ‘softer’ consumer spending

    The digital payments pioneer pointed to consumers’ smaller purchases in the third quarter, and sees the trend continuing.

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    Sam Silverstein/Payments Dive
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    BNPLs intrude on banks’ turf

    The buy now, pay later industry is increasingly offering services that are the purview of banks, such as deposit accounts and debit cards.

  • agentic AI commerce AI retailers digital shopping online retail
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    Nazar Rybak via Getty Images
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    Agentic AI raises liability issues

    Payments companies seek ways to address problems with AI agents making mistakes when shopping for consumers.

  • Klarna BNPL debit cards recurrent revenue subscriptions banks
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    Spencer Platt via Getty Images
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    Klarna touts perks to take on banks

    The buy, now pay later company is adding airport lounge access and magazine subscriptions to its monthly memberships to lure more customers.

  • Woman sits on couch typing on laptop.
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    Getty Images
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    Shoppers to tap BNPL for holidays

    Affordability and budget control are the top reasons U.S. consumers are using buy now, pay later services, according to a PayPal survey. 

  • Person sits holding phone on lap with display of earned wage access site.
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    George Walker/AP

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    Deep Dive

    EWA chases regulatory clarity

    The evolving earned wage access industry continues to be buffeted by federal regulatory upheaval, divergent state approaches and legal battles.

  • Person holds a phone that shows Buy with Prime and PayPal.
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    Courtesy of Amazon
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    PayPal, Mastercard advance agentic strategy

    The digital payments pioneer and card behemoth are locking arms to add agentic e-commerce shopping options.

  • Zelle Early Warning payments
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    Getty Images
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    Zelle parent pursues crypto for international payments

    The peer-to-peer money transfer company said it will leverage stablecoins to let users send money across borders.

  • A California state flag flies in San Francisco
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    Getty Images
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    Q&A

    States will play key role in regulation: Mallik

    A former top California regulator pointed to the importance of states in future regulation of the financial services industry, including in payments areas.

  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    CFPB deluged with open banking comments

    Banks and fintechs aired their arguments regarding the federal agency’s proposed revision of a rule on sharing consumer data.

  • 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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    PNC, Capital One embrace FedNow

    PNC and Capital One, two major financial institutions that hadn’t yet joined the Federal Reserve’s instant payments system, are ready to do so.

  • A cook cuts onions in the kitchen at Ben's Chili Bowl on August 22, 2022 in Washington, DC.
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    Anna Moneymaker via Getty Images
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    Shift4 to buy Worldline subsidiaries

    The payment processor said acquiring the North American businesses will add 140,000 new merchant customers to its roster.

  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Waller floats ‘skinny’ Fed account

    Federal Reserve Gov. Christopher Waller proposed the central bank’s staff explore creating a limited payments account that might be suited to fintechs.

  • Paxos Trust CEO stablecoins cryptocurrency
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    Win McNamee via Getty Images
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    Stablecoins must become simple: panel

    To become widely used, the cryptocurrency needs to work as easily as other currencies, a panel of stablecoin experts said.

  • Federal Reserve Gov. Michael Barr stablecoins regulation financial stability
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    Kevin Dietsch via Getty Images
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    Stablecoin risks abound: Barr

    To make stablecoins viable, regulators implementing the Genius Act must impose protective guardrails, Federal Reserve Gov. Michael Barr told a fintech conference.

  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv, Block turn to crypto

    Settling transactions with digital currencies could save processors and merchants money on payments by cutting out bank and card network fees.

  • Digital payment
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    Getty Images
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    US payments systems mushroom

    The Clearing House, Nacha and FedNow all marked expansions for their payments systems over the past month.

  • A close up picture of an American Express credit card.
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    Getty Images
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    Amex downplays shutdown impact

    The card network’s premium customers are still spending, even as the economy faces persistent inflation and a government shutdown, company executives said in an earnings call.

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    Getty Images
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    Stablecoins may reshape payments

    CFOs need to turn stablecoin “a little on its head” to get a transparent view of where the assets can sit inside their organizations, EY’s Clare Adelgren said.