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  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    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.

  • Michael Barr
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    Win McNamee via Getty Images
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    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.

  • An African American young man paying with a smartphone at a coffee shop
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    Milko via Getty Images
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    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.

  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    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.

  • self checkout
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    Permission granted by PDI
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    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.

  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    Zhanna Hapanovich
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    Q&A

    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.

  • View of PayPal logo outside of company headquarters
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    Justin Sullivan via Getty Images
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    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.

  • Elon Musk
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    Maja Hitij via Getty Images
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    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.

  • An employee uses Square point of sale hardware
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    Courtesy of Square
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    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.

  • Parthenon in Athens with person in front of structure.
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    Milos Bicanski via Getty Images
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    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 point of sale, retail
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    Courtesy of Mastercard
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    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.

  • Exterior front rendering of Discover Financial Services' Chatham Customer Care Center in Chicago, Illinois.
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    Permission granted by Discover
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    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 bag logo and name. in front of a brick wall.
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    Courtesy of Shopify
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    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 Inc. point of sale device
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    Courtesy of Toast Inc.
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    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.

  • Hand of businessman using smart phone with coin icon
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    Creative stock via Getty Images
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    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.

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    Win McNamee via Getty Images
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    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.

  • Julie Yoo against a background of greenery wearing a black shirt.
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    Permission granted by Andreessen Horowitz
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    Q&A

    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.

  • Bank of America ATMs are seen in NYC.
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    Mario Tama via Getty Images
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    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.

  • Two people sending money to each other through a digital wallet app on their smartphones.
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    MStudioImages via Getty Images
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    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 CEO Sebastian Siemiatkowski
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    Permission granted by Klarna
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    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.

  • Screenshots of the Amazon Just Walk Out integration with Grubhub's app.
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    Permission granted by Grubhub
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    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.

  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    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.

  • A bicycle delivery person in a city checking an address on a mobile app.
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    South_agency/E+ via Getty Images
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    Opinion

    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.

  • Shoppers pass by on a street in Sydney, Australia
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    Roni Bintang / Stringer via Getty Images
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    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.

  • One person holds out a hardware device and the other person taps a watch to the device, with fitness center weights in the background.
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    Permission granted by Joe Rauch
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    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.