The Latest

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  Chase to ban crypto payments for UK customers

  “If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.

  Banking

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  Sponsored by Adobe

  Hassle-free holidays — how Quick Checkout transforms first-time customers into fans

  Quick Checkout helps merchants streamline the checkout process.

  Retail

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  Square adds merchant tools

  Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.

  Retail

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  Column

  Social apps face challenges in implementing shopping tools

  Facilitating digital payments would be a big win for social apps, but regulators are less enthused.

  Retail

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  BNPL users ‘financially fragile,’ NY Fed says

  Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.

  Retail

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  Andreessen Horowitz pushes cross-border payment improvements

  While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.

  Banking

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  Opinion

  Is FedNow pivotal for payments or overhyped?

  FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

  Banking

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  Wawa’s $10.7M data breach lawsuit against Mastercard thrown out

  The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

  Retail

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  Payments processing can get complicated. Here’s a primer.

  How many companies does it take to process a credit card payment?

  Retail

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  Congressional committee passes bill to thwart CBDC

  The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.  

  Banking

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  Mastercard fires back at Durbin in letter

  The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.

  Retail

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  Biden administration seeks to erase medical debt from credit reports

  In kicking off a medical debt rulemaking process, the CFPB aims to address the "tremendous burden" of medical debt, Vice President Kamala Harris said Thursday.

  Retail

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  Holiday spending to increase 3.7%: Mastercard

  Consumer outlays for electronics and at restaurants are expected to boost expenditures this year, according to the card network.

  Retail

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  Varo aims to displace Venmo, Cash App volume with P2P feature

  The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

  Banking

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  Is X unfit to hold state money licenses?

  Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

  Regulations & Policy

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  California legislature passes plastic gift card ban

  The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.

  Retail

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  JPMorgan taps Gusto to offer embedded payroll

  Chase Payment Solutions’ small and medium-sized business customers can use Gusto to combine the payroll process with financial operations.

  Banking

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  Uber to add more payments tools to its app

  The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.

  Retail

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  Stadium payments competition heats up

  Fiserv, Shift4 and rival payments players are vying aggressively for a bigger share of the market catering to pro teams, stadiums and other venues.

  Retail

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  Amazon adds RFID to cashierless tech

  The new capability enables cashierless shopping for goods such as clothing, fan gear, hats and shoes.

  Retail

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  EMVCo floats click-to-pay guidelines

  The proposed guidelines are the latest effort by the organization to introduce more industry standards for payments processing.

  Retail

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  Brex adds AI tool

  Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.

  Technology

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  Square CEO to depart

  Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.

  Retail

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  Connecticut moves to regulate EWA

  The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

  Banking

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  Citi launches token service for institutional clients

  The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant, cross-border payments 24/7, the bank said.

  Banking

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  BNPL users seek and use more new credit, Fed study finds

  Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.

  Retail

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