Wise shareholders vote to move primary listing to US

One of the money transfer company’s co-founders criticized the stock listing move to New York from London.

Visa tailors stablecoin strategy

CEO Ryan McInerney expects the digital assets to be beneficial in emerging markets where the network’s payments digitization efforts have faced difficulties.

CFPB to revise open banking rule

The Consumer Financial Protection Bureau said Tuesday it will “substantially” revise the 2024 Biden-era open banking rule that drew a lawsuit from banks.

Capital One delivers few details on $265B community plan

A year after touting a community investment proposal as part of an effort to acquire Discover Financial, the card issuer has yet to lay out program specifics.

Bilt’s new cards expand options

The points-for-rent loyalty company is retooling its credit card lineup and terms with a new partner, Cardless, and moving into more areas of housing payments.

Splitit pivots customer strategy

The BNPL player will rely less on partnering with individual merchants thanks to a partnership with Samsung’s digital wallet.

Fiserv sued over Clover migration

A securities lawsuit alleges the payments processor moved merchants to Clover, and then misled investors about the point-of-sale system’s growth.

Coinstar to offer Mastercard card

The company behind the green coin machines at grocery stores will soon let consumers turn their pocket change into a prepaid debit card.

Payments hurl toward digitization

It’s no coincidence that President Donald Trump ushered in the stablecoin era just a few months after the Treasury Department canceled the penny.

How to build a B2B payments behemoth

No single company dominates U.S. commercial payments, as with card networks or merchant acquirers. Bottomline CEO Craig Saks says that will change.

Stablecoins face last-mile trouble

“The promise of stablecoins to solve existing issues quickly encounters a series of challenges,” writes an ACI Worldwide executive. “Chief among them is what we call the ‘last mile’ problem.”

Groups seek Trump aid on open banking

Fintechs and merchants urged the president to take on big banks and let the U.S. open banking rule move forward.

Fiserv revenue forecast dims

The payments processor offered a less rosy outlook as executives took some blame for second-quarter revenue growth being lower than analysts expected. It also agreed to buy a TD Bank portfolio.

Corpay to buy Alpha Group, sell vehicle units

The commercial card and expense management company plans to buy the British cross-border firm in a $2.2 billion deal, as it considers divestures.

Block agrees to $12.5M settlement in Cash App spam text case

A class action alleged the company let users send spam messages to other users in violation of a Washington state law.

Payroc to buy LedgerPay

The growing payments processor has agreed to acquire the cloud-based peer, and may have more targets in its sights.

EWA providers fight NY over court venue

The New York Attorney General opposes efforts by DailyPay and MoneyLion to have the state’s earned wage access lawsuits tried in federal court.

Instant paychecks pose moral dilemma for Yooz CFO

The accounts payable software company may offer earned wage access benefits to employees. Yooz CFO John Gronen has reservations.

How much will killing the penny cost?

The Federal Reserve Bank of Richmond, Virginia, estimates American consumers will pay millions of dollars more annually as merchants round up.

Fiserv’s Clover delves into healthcare

The payment processor is partnering with a healthcare software company to provide a service fitted for healthcare providers.

Flexbase adds perks on Visa card

Entrepreneurs are affluent and want a business card that offers them the same perks as high-end consumer cards, the company’s CEO says.

Stablecoins emerge as alternative: Amex CEO

While the digital assets likely won’t replace ACH and SWIFT, they are a viable way to send money in lieu of those rails, Steve Squeri said.

Consumer advocate group slams Genius Act

The law aims to establish a regulatory framework for stablecoins, but critics note that more needs to be done to protect consumers.

Real-time payments zoom ahead

The FedNow system logged a bigger jump in payments volume for the second quarter than did the RTP network, but the latter accounts for more activity.

Gambling on cards, wallets spurs debate

The growth of U.S. sports betting has given rise to a variety of regulatory proposals addressing gamblers’ use of credit cards and digital wallets.