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  • Stickers with the visa and mastercard logos on the exterior window of a store.
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    Justin Sullivan via Getty Images
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    Visa-Mastercard settlement failed to treat merchants ‘equitably’

    A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

  • Federal Reserve logo
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    Bet_Noire via Getty Images
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    Atlanta Fed taps payments head for operations chief

    Cheryl Venable is exiting her role as chief of payments operations for the Federal Reserve Financial Services to take the new post.

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    Dan Kitwood / Staff via Getty Images
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    Crypto firm Abra settles with 25 states for operating without a license

    Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.

  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Chuck morphs into a new Alloy Labs-backed effort

    Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

  • A gold American Express card being passed between two hands
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    Joe Raedle via Getty Images
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    Travelers want to use credit cards, but often can’t

    Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

  • Stack of credit cards spread out
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    bernie_photo via Getty Images
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    Judge sways away from Visa-Mastercard settlement

    On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

  • American Express promotional signage
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    Bryan Bedder / Stringer via Getty Images
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    Amex banks on spending at high-end restaurants

    Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

  • Bank of America signage is shown with a reflection in the glass above it
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    Spencer Platt / Staff via Getty Images
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    Bank of America zeroes in on banking app innovation

    The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

  • Pennsylvania state capitol in Harrisburg
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    benedek via Getty Images
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    Pennsylvania may ban interchange fees on sales tax

    Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

  • Sign in shopping mall
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    Sam Silverstein/Payments Dive
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    Q&A

    BNPL to shift toward larger-ticket expenses: CEO

    The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Column

    Why a Visa-Mastercard settlement is likely to fall short

    The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm may see payment volume bump from Apple Pay: Mizuho report

    The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

  • The US Federal Reserve building in Washington DC
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    uschools via Getty Images
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    Fed extends comment period on expansion of payment services proposal

    The Federal Reserve said it will give the public two more months to comment on its plan to expand operating hours for its two large-value payments services, the Fedwire Funds Service and the National Settlement Service.  

  • Person using a point of sale software system at a restaurant
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    Moyo Studio via Getty Images
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    Amex to buy Tock for $400M

    American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

  • Co-workers talk while walking in a warehouse
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    FG Trade via Getty Images
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    Rain plans to raise more capital

    The earned wage access provider seeks to raise $50 million, said its CEO, who is rooting for increased regulation of the industry.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv hires former JPMorgan executive

    Takis Georgakopoulos worked for JPMorgan for 17 years before he departed earlier this month, and landed at the mega-processor as an advisor.

  • PayPal signage outside its corporate campus on a bright day
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    Justin Sullivan via Getty Images
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    PayPal fills CTO position with former Walmart exec

    Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

  • Cash dollars lying on the ground
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    Rrraum via Getty Images
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    FTC warns of cash losses to government impostors

    The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.

  • A man exits the front of the U.S. Capitol at dawn.
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    Win McNamee via Getty Images
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    Senate Republicans join battle against Fed debit card plan

    Senators this week introduced their version of a House bill aimed at derailing the Federal Reserve’s plan to lower the cap on fees that card issuers can charge merchants on debit card transactions.

  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Faster payments catch on slowly: survey

    About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm CFO doesn’t expect profits from its Apple tie soon

    The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

  • CFPB Director Rohit Chopra
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    Chip Somodevilla via Getty Images
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    CFPB House hearing: 6 key takeaways

    House Republicans expressed frustration that the Consumer Financial Protection Bureau decided to treat buy now, pay later loans like credit cards, while Democrats pushed for faster, cheaper remittance options.

  • People mill around an Apple store at location in Maryland.
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    Chip Somodevilla via Getty Images
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    Apple to drop its BNPL option in US

    The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.

  • Shift4 CEO Jared Isaacman
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    Courtesy of Shift4. Shift4 CEO Jared Isaacman
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    Shift4 acquires stake in German firm

    Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.