Shazam sheds merchant services to focus on debit

 The network company divested its merchant services portfolio this month to concentrate on its core business.

For medical debt, ‘care now, pay later’ models abound

As healthcare expenses grow, fintech startups look to boost the affordability — and profitability — of medical payments.

NY AG alleges two wage access providers made illegal loans

The state’s lawsuits against DailyPay and MoneyLion seek to wind down their earned wage access practices in New York.

Worldpay delivers payments industry insights in DC

Executives of the merchant services company visited Capitol Hill this month to connect with congressional staffers and share their views on payments.

Credit card 90-day delinquencies rise to record: report

The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.

Republicans pressure Fed on debit card fees

Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

Stripe CEO to become a Meta director

Patrick Collison will join the board of the public social media company as speculation persists about the possibility of his payments company filing for an initial public offering.

Block agrees to pay $40M New York penalty

The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

How one startup coordinates your payments

Payments orchestration is an increasingly critical task as merchants seek cost efficiencies and the ability to add new payment alternatives and technologies.

DOJ scales back crypto enforcement

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.

PayPal’s Xoom, Tencent partner on cross-border payments

The deal provides another avenue for customers seeking to send remittances to Chinese consumers.

House votes to kill CFPB big tech payments rule

The measure revoking the bureau’s oversight of large technology payments players, such as Google and Block, passed on a straight party-line vote.

Shift4 CEO grilled by senators on Musk, SpaceX ties

The lawmakers questioned Jared Isaacman on whether he would remain independent of Musk if he is confirmed to lead NASA.

PayPal, Block and others face recession risk: analysts

As President Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

Fiserv acquires Australian payment facilitator Pinch

The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.

Rain raises $75M in equity funding

With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.

DailyPay sues New York Attorney General

The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.

Fiserv says US trade war could harm demand

The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.

Stripe seeks Georgia special banking charter

If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.

Cap One-Discover deal detractors assail reported DOJ approval

Capital One’s $35 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.

US businesses cling to paper checks

Large and small businesses alike are still using the 20th-century form of payment extensively, even as the federal government presses ahead with digital alternatives.

Durbin rounds up CCCA support

The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.

Debit cards top Fed’s fraud troubles list: survey

Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.

Visa, Mastercard have edge over Amex for Apple: analyst

As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.