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  • American Express logo on window
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    Scott Olson via Getty Images
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    How Amex is entangled in the Visa-Mastercard settlement

    The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same. 

  • transfer pricing tax
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    Suriyapong Thongsawang via Getty Images
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    CFPB warns remittance firms about false ads

    The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.

  • Rifles are shown in a gun store
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    Brandon Bell/Getty Images via Getty Images
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    Warren reiterates call for gun MCC guidance

    The Massachusetts senator and 32 other Democrats stressed the need for federal guidance on the gun merchant category code as states diverge.

  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Discover CEO to exit for Ally

    Michael G. Rhodes, who took the top post at Discover this year, is leaving to become the next CEO of the bank Ally.

  • View of a Walmart storefront
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    Justin Sullivan via Getty Images
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    Walmart can end Capital One card tie early, judge says

    It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.

  • Director of Consumer Financial Protection Bureau Rohit Chopra speaking in front of a desk.
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    Alex Wong via Getty Images
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    CFPB targets ‘bait-and-switch’ card reward programs

    Major credit card providers saddle rewards programs with fees and interest, burdening consumers who carry balances, CFPB Director Rohit Chopra said.

  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Payments Dive
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    NY Assembly bill counters governor on BNPL

    A New York assemblymember has introduced a buy now, pay later bill, countering one introduced in the governor’s budget bill.

  • Elon Musk at NYT Summit
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    Michael M. Santiago via Getty Images
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    X lands money licenses in Illinois, New Mexico

    The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

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    Justin Sullivan via Getty Images
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    Visa, Mastercard reach landmark credit card settlement

    The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.

  • antitrust enforcement
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    Scott Barbour via Getty Images
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    Private plaintiffs follow DOJ’s Apple antitrust case

    The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.

  • A woman holding a smartphone walks past a gray wall with an apple logo on a black sign.
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    Sean Gallup via Getty Images
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    DOJ calls Apple card fees ‘significant expense’ for banks

    The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.

  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Capital One pledges to give Discover’s network a boost

    Dominated by Visa and Mastercard, card network markets “sorely need an injection of competitive rivalry,” Capital One argued in its application to regulators to purchase Discover.

  • JPMorgan Chase sign in front of building in street level view.
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    Chris Hondros via Getty Images
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    JPMorgan seeks embedded payments niches

    The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images
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    How Visa handled ‘BidenCash’ card fraud incident

    The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

  • Businessmen use Bitcoin to lure others into a trap
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    wenjin chen via Getty Images
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    Crypto fraud losses rose to $3.9B in 2023, a 53% yoy increase: FBI

    SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

  • A Capital One sign is seen
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    Joe Raedle / Staff via Getty Images
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    Advocates urge transparency in Capital One-Discover review

    More than 30 organizations demanded the deal not be subject to expedited federal review and that public hearings be held in the largest lending markets for both Capital One and Discover.

  • The Wisconsin State Capitol dome reflecting in a steel and glass building
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    YangYin via Getty Images
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    Wisconsin passes EWA law as states’ paths diverge

    Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.

  • Closeup shot of a woman paying using NFC technology in a cafe
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    Cecilie Arcurs via Getty Images
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    Digital wallets to overtake debit cards in stores: report

    Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.

  • A mailbox is overflowing.
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    ANGEL RAMIREZ/iStock via Getty Images
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    ABA, U.S. Postal Services jointly combat check fraud

    American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.

  • Screenshots of Amazon mobile app showing how to add venmo as payment option.
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    Courtesy of Amazon
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    Column

    PayPal’s new CEO takes the Venmo challenge

    PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.

  • A man standing in front of a black background with the outline of the Apple logo
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    Justin Sullivan via Getty Images
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    DOJ sues Apple over antitrust violations

    The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.”

  • EU-US agreement
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    Justin Sullivan via Getty Images
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    Meta’s payment plays may pay off this year: report

    A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

  • Credit card logos displayed in a window.
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    Scott Olson via Getty Images
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    Fed banks analyze consumer use of card promos

    New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

  • Pixelated U.S. paper currency on dark background
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    dem10 via Getty Images
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    New Nacha rules strike at push-payment fraud

    “With respect to transaction monitoring for fraud, it would no longer be acceptable to do nothing,” Nacha Executive Vice President Michael Herd said.

  • Dollar bills and finance and banking on digital stock market financial exchange
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    SARINYAPINNGAM via Getty Images
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    Clearing House’s ACH growth rate outstrips Fed

    Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.