The Latest

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    Brex rolls out embedded payments tool

    The fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

  • The Federal Reserve building at sunset.
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    Douglas Rissing via Getty Images
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    Fed payments proposal pits big banks against small rivals

    The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard CFO to continue working after cancer diagnosis

    Decisions on medical disclosures can be challenging for companies. Mastercard’s approach drew high marks from some corporate governance experts.

  • Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee April 26, 2022 in Washington, DC.
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    Win McNamee via Getty Images
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    CFPB takes aim at ATM, debit card fees

    Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.

  • Workday offices
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    Rain to offer EWA services via Workday

    The earned wage access provider will now be able to offer its services to more employers through the human resources software firm’s systems.

  • Amrita Ahuja
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    Block shuffles leadership, creates chief risk officer role

    Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

  • Apple
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    Scott Olson via Getty Images
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    Apple launches Affirm BNPL option

    Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.

  • Sen. Elizabeth Warren, wearing a red jacket, speaks into a microphone during a Congressional hearing.
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    Michael A. McCoy / Stringer via Getty Images
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    Lawmakers push for crackdown on fintechs

    Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.”

  • A person passes through an automated turnstile in China.
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    Retrieved from Beijing Daily App on September 16, 2024
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    Visa, Mastercard enable rail transit payment in Beijing

    The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.

  • CFPB Director Rohit Chopra
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    Chip Somodevilla via Getty Images
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    CFPB sues credit card company over excessive fees

    The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

  • endorsements, testimonials FTC rules
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    Chip Somodevilla via Getty Images
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    FTC cracks down on subscription traps

    The Biden-Harris administration is taking to task companies that trap consumers in recurring subscriptions and make it nearly impossible to cancel.

  • Stickers with the visa and mastercard logos on the exterior window of a store.
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    Justin Sullivan via Getty Images
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    U.S. Bank rolls out access to Paze digital wallet

    The bank began offering the payments option from Early Warning Services to its credit and debit cards customers this week.

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    Just_Super via Getty Images
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    Mastercard acquires cybersecurity firm for $2.65B

    The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.

  • ansa anywhere digital card at point-of-sale system
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    Ansa debuts in-store digital wallet capabilities

    Ansa last week launched a software development kit, which can be patched onto the code of a brand’s mobile app. “The pain’s on our side to make sure all their systems talk,” co-founder Sophia Goldberg said.

  • Digital Money Transfer
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    dem10 via Getty Images
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    North American cashless payments to climb 7% by 2028: report

    Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Airwallex eyes embedded payments in global push

    The payments software provider is making “immediate bets” on the Brazil and Mexico markets, a company executive said.

  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Global Payments CEO reshapes the business

    The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS draws fintech startups into accelerator

    Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.

  • Actor Will Ferrell stands in retail boutique wearing a yellow outfit with arm outstretched using a phone to pay in front of an sales counter.
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    Courtesy of PayPal
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    PayPal seeks to attract users offline

    The digital payments pioneer is leaning on cashback rewards to attract more consumer use in stores, and will also tap near-field technology to expand.

  • American Express sticker on a window
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    Justin Sullivan via Getty Images
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    Amex taps troves of customer data

    American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.

  • Shift4 Payments SpaceX Isaacman
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    Retrieved from Polaris Dawn on September 06, 2024
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    The fintech CEO who is becoming a frequent flier with SpaceX

    On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

  • Headshot of Hope Mehlman, GC and CLO of Discover
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    Courtesy of Discover
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    Discover’s top lawyer leaves for Ally

    Hope Mehlman is expected to take her new Ally role on Dec. 2, even as Discover faces high legal hurdles in completing an acquisition of its business by Capital One.

  • A photo of a concession stand in a sports arena. It includes bankds of coolers and several gates for entry and exit. Signs on a call in front and the wall above the coolers all say "Fly Thru Market."
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    Permission granted by Amazon
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    Amazon provides checkout tech at universities, stadiums

    The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.

  • Phone in hand with 'pay' button showing
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    Tero Vesalainen via Getty Images
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    Visa to upgrade pay-by-bank service in UK next year

    The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.

  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
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    Scott Olson / Staff via Getty Images
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    Ex-Discover exec alleges age, gender bias in lawsuit

    Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.