The Latest

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    Cash App pursues older, affluent customers

    The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

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    Permission granted by Citizens Financial Group
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    Citizens Bank to pay $9M to settle disputed-charge suit

    The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

  • An Uber Freight driver sits in the cab of a truck using a cell phone app.
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    Courtesy of Uber
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    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

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    bernie_photo via Getty Images
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    Credit popularity doesn’t displace cash: Fed report

    Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

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    Courtesy of PayPal
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    Venmo to launch teen account

    The move is part of PayPal’s plan to lean on Venmo to lure more users.

  • Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA)
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    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

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    Vadym Petrochenko via Getty Images
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    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

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    Stock photo via Getty Images
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    Bill Holdings discloses ‘material weakness’

    Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”

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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    Worldpay spin-off hands FIS mixed bag

    The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

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    Sophie_James via Getty Images
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    ACI boots chief technology officer

    ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

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    Justin Sullivan via Getty Images
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    PayPal considers Xoom sale: report

    The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
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    Global Payments execs hint at B2B acquisition

    Global Payments isn’t looking for more acquisitions — except in the B2B space, its outgoing CEO said.

    B2B
  • An image of Square's Franchise Platform, which rolled out May 2023.
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    Permission granted by Square
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    Square adds franchise platform

    Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.

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    Joe Raedle via Getty Images
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    Card debt weighs on consumers

    First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

  • PayPal CEO Dan Schulman
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    Derek White via Getty Images
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    PayPal urged to accelerate CEO search

    The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

  • Catch cofounders Nico Perdomo and Denia Ebersole
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    Catch chases in-store opportunity

    Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

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    Matt Cardy via Getty Images
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    Opinion

    How to advance cross-border B2B payments

    “Regional regulatory bodies must work together on common financial standards that support multilateral payment systems if we are to make progress,” writes one payments professional.

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    Courtesy of Revolut Press Kit
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    Revolut CFO leaves digital bank for ‘personal reasons’

    The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

  • Calistoga, California, that’s vulnerable to high winds and fire could switch to power held in a long-duration energy storage system.
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    David McNew / Stringer via Getty Images
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    Discover pursues ESG goals

    The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

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    Paysend charges into US market

    From a new U.S. headquarters in Miami, the British cross-border payments company is pitching services to U.S. businesses and consumers.

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    Courtesy of Amazon
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    Convenience chain adds Amazon palm pay

    Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

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    Pexels/RODNAE Productions

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    Everee takes on EWA providers

    The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.

  • Max Levchin is the ceo of Affirm
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    Drew Angerer/Getty via Getty Images
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    Affirm, FICO to create BNPL credit-scoring model

    The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

  • Marqeta CEO Simon Khalaf
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    Marqeta to cut workforce by 15%

    The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.