Mastercard to buy Minna Technologies

The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

P2P payments tools lack transparency, consumer group says

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

Visa boosts litigation funding ahead of US antitrust fight

The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

Payments conferences to keep on your radar for 2025

Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

Affirm may offer discounts after Fed interest rate cut

The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

Trump interest rate cap draws criticism

Fewer people would be approved for credit cards, and credit card issuers would offer fewer perks, opponents of the longshot proposal say.

Fed dissects consumer use of digital payments

While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

Fiserv, Wells Fargo to end joint venture

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

Moneygram faces backlog after outage

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

Visa to buy cybersecurity firm Featurespace

The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

FDX seeks to become open banking standard-setter

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

How Visa stymied big tech rivals

The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.

Sezzle evolves alongside BNPL industry

The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive.

DOJ suit accuses Visa of illegal debit payment monopoly

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

Stripe shows signs of IPO, despite co-founder comments

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

Updated Sept. 26, 2024

Visa faces possible DOJ lawsuit, news reports say

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

Amazon, Google stake out bigger foothold in payments

The tech giants are inserting themselves into more retail transactions to build loyalty and harvest customer data.

DailyPay to offer service outside US

Earned wage access provider DailyPay plans to begin offering its services outside the U.S. for the first time later this year.

Love’s adds digital payment method

The convenience store operator turned to Relay Payments to allow truck drivers to pay securely at most of their fueling locations.

Walmart, Fiserv team to offer real-time payments

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

Credit Card Competition bill backers keep pressure on

Republican Sen. Roger Marshall has a new ad pitching the Credit Card Competition Act proposal aimed at dislodging Visa and Mastercard’s dominance.

Amazon adds PayPal option to Buy with Prime

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

Affirm CEO stakes out differences with Klarna

Affirm makes money off transactions, whereas Klarna has revenue from marketing, Affirm CEO Max Levchin contended.

Reliant pushes back against CFPB lawsuit

The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.

Who really pays for your credit card reward points?

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.