Fintechs blast JPMorgan over data fees

The largest U.S. bank says it will begin charging the firms to access customer financial data amid an open banking court battle.

Fedwire makes ISO leap

The Federal Reserve shifted payments for the Fedwire Funds Service to a new international standard this week without any reported glitches.

Cash App adds tap-to-pay for iPhone

The Block payment tool now allows for contactless credit and debit card payments using Apple's smartphone. 

Apple doesn’t threaten Visa, Mastercard, judge rules

Merchant arguments that Apple could displace Visa or Mastercard’s network dominance failed to support an antitrust case on swipe fees, a court found.

Connecticut enacts controversial EWA law

The state’s governor signed a measure last week that some earned wage access providers opposed.

6 takeaways from the Senate’s crypto market structure hearing

Senators largely agreed on the need for regulation, but differed on the potential focus and framing of such a bill.

Fed’s ISO ‘big bang’ hits

The Federal Reserve’s shift of trillions of dollars in payments to the new ISO 20022 standard Monday will reverberate around the world.

HUD studies BNPL housing risks

U.S. regulators want to learn more about how buy now, pay later loans may affect borrowers’ finances and housing market stability.

Why payments modernization can’t wait

“The health care industry is a case study for what’s at stake when industries resist or delay modernizing their payment systems,” writes one payments executive.

Embedded payments drive into parking

Lots across the U.S. are using systems that let customers park their cars without swiping a credit card or paying an attendant.

Will the X payments plan morph?

With the exit of CEO Linda Yaccarino, it’s a question mark as to when, and whether, the company’s plan for an “everything app” will materialize.

Wise to reform AML oversight

The money transfer firm will pay $4.2 million and bolster anti-money laundering and other compliance in a consent settlement with six states.

Citizens spies opportunity after Chase move

As premium credit card fees climb, “it does create a little more room for us to compete in between,” the regional bank’s head of lending said.

Visa, Mastercard vie for Treasury role

The two biggest card networks bid for a piece of the Treasury Department’s program seeking to modernize the U.S. payments system.

FICO reporting could stunt BNPL

If buy now, pay later firms know when consumers borrow heavily or fail to make repayments, providers may be reluctant to offer their payment services to so many consumers.

Court denies open banking briefs

A federal judge said “friend of the court” briefs wouldn't be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.

Trump imposes new remittance tax

The spending and tax bill signed by President Donald Trump includes a new levy on international money transfers, though it’s lower than initially proposed.

Warren demands Zelle scam update

In letters to Zelle’s bank owners, Sen. Elizabeth Warren and two other Democrats asked what the financial institutions are doing to protect customers using the digital payments service.

DailyPay lands novel funding

The on-demand pay company sourced $200 million from Barclays, Morgan Stanley and Citi through an asset-based securitization to accelerate growth.

Wegmans tests smart carts

The grocer is trying out technology from two providers, including Instacart’s Caper Carts that let shoppers pay directly from the cart.

Louisiana, Connecticut advance EWA bills

While Louisiana enacted a new earned wage access law this month, the controversy over state legislation rages on in Connecticut. 

Shift4 strategy segues with Global Blue

The deal is a departure from the company’s typical blueprint for acquisitions, according to analysts.

Balance, Alibaba team on BNPL for biz clients

Small and mid-sized businesses can now use Balance’s buy now, pay later financing on the global e-commerce marketplace. 

Processors lean on AI to fight fraud

Payments players are urging Washington policymakers to leave artificial intelligence less regulated so they can use it to fight fraud.

Small business isn’t quitting checks

The paper check will persist for decades for small companies, despite the growth of digital payments, BillGO’s CEO predicts.