Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

Medical credit cards ‘exploit loopholes’ in healthcare debt protection, report finds

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

Convenience store company credits ‘improved labor situation’ to AI-powered self-checkout

The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.

Turmoil at Discover may make it an acquisition target

Discover, hunting for a new CEO while it addresses compliance issues, might catch the eye of a large regional bank, an industry attorney said.

PayPal expands tie with Meta

The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.

X nabs Rhode Island, Mississippi money licenses

The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.

Block CFO details Square’s revamped sales approach

Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

Mastercard CEO counters WSJ fee increase story

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

Discover expands board with former regulator

The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

Shopify integrates Buy with Prime feature

In a move that alters the companies' relationship, competitors Shopify and Amazon partnered to give Prime customers the payment option.

Toast CEO resigns

Chris Comparato, who has been CEO since 2015, told the restaurant payments company’s board on Friday that he’ll exit his leadership posts on Jan. 1.

Visa leans into stablecoin efforts

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

Durbin, Marshall lambaste card fee increases

Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

Andreessen Horowitz circles healthcare payments

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

Average out-of-network ATM fees up by a penny: Bankrate

Banks are charging more for out-of-network withdrawals as ATMs slowly disappear and consumers rely less on cash and checks.

Zelle transaction volume jumps

Second-quarter transaction volume at the bank-owned peer-to-peer payments app rose 10% over the first quarter, parent Early Warning Services said.

Klarna narrows first-half loss

The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.

Grubhub, Amazon team on automated campus convenience store

Students at the Loyola University Maryland store will scan a QR code in the food delivery app to enter the frictionless shop and pay for items.

Google joins OpenWallet Foundation

"We look forward to working closely with other OWF members to advocate for solutions that ensure we’re building a privacy-forward wallet for everyone,” Google Wallet Vice President Jenny Cheng said.

Why on-demand pay lures employees

Employers can better compete for gig workers, and other employees, by offering instant payment of wages, one fintech president argues.

Zip posts loss under new leadership

After overhauling the business to stem cash burn and turn a profit, BNPL firm Zip’s annual loss narrowed over last year.

Elavon, Ingenico team on new payments tool

U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.