The Latest

  • Guns are shown in a gun store as a person passes by
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Congress members lob dueling gun code bills

    Democratic and Republican Congress members took opposing stances this month in introducing bills on the use of a new gun merchant category code.

  • Young woman using a laptop
    Image attribution tooltip
    Charday Penn via Getty Images
    Image attribution tooltip
    Sponsored by Capital One Trade Credit

    Automating AR: What it means to offer a seamless B2B order-to-cash experience

    Today’s B2B customers demand a seamless order-to-cash experience, and brands must embrace automation to adapt.

    B2B
  • Paze's logo is displayed on a smart phone.
    Image attribution tooltip

    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

    Image attribution tooltip

    EWS launches wallet in South Carolina, Arizona ahead of wider rollout

    Launching the Paze wallet will require preloading about 150 million cards, meaning the launch will occur as “more of a ramp up over a few months,” EWS Managing Director James Anderson said.

  • Self-checkout machines at a grocery store.
    Image attribution tooltip
    Courtesy of Publix
    Image attribution tooltip

    Self-checkout promises ultimate convenience. Is it doing its job?

    The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said. 

  • Block Head Jack Dorsey
    Image attribution tooltip
    Drew Angerer / Staff via Getty Images
    Image attribution tooltip

    CFPB may take legal action against Block

    The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

  • A bicyclist rides by a sign at the Google headquarters March 10, 2010 in Mountain View, California.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Google Pay app to be retired in US this year

    “To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.

  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Capital One-Discover deal carries $1.38B termination fee

    The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.

  • Sign in shopping mall
    Image attribution tooltip
    Sam Silverstein/Payments Dive
    Image attribution tooltip

    Cash-strapped consumers turn to BNPL: Fed survey

    Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank. 

  • Sydney University
    Image attribution tooltip
    Brendon Thorne via Getty Images
    Image attribution tooltip

    PayPal finance exec jumps to Flywire CFO seat

    Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

  • Window with sticker showing logos for Visa, Mastercard and American Express.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Mastercard to be dinged by Discover deal

    While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.

  • Affirm CEO Max Levchin
    Image attribution tooltip
    Kevin Dietsch / Staff via Getty Images
    Image attribution tooltip

    Affirm sheds workers

    The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

  • OCC Acting Comptroller Michael Hsu testifies in front of the Senate Banking Committee on Aug. 3, 2021
    Image attribution tooltip
    Retrieved from Senate Banking Committee.
    Image attribution tooltip

    OCC’s Hsu calls for federal payments licensing

    The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    Capital One-Discover deal may spark antitrust concern

    While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
    Image attribution tooltip
    Kent Nishimura via Getty Images
    Image attribution tooltip

    Warren probes Zelle scam policy

    Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.

  • PayPal logo in front of a glass building with shrubery in the foreground
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    PayPal invests in AI startup Rasa

    The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.

  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Capital One to acquire Discover in $35.3B deal

    The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

  • The Federal Reserve building is seen January 22, 2008 in Washington, DC.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Cross-border payments remain focus for Fed

    Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

  • American Express credit card.
    Image attribution tooltip
    Courtesy of American Express
    Image attribution tooltip

    Amex to expand ATM cash access

    The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.

  • Toast for Hotel Restaurants
    Image attribution tooltip
    Permission granted by Toast
    Image attribution tooltip

    Toast to cut 550 employees

    The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

  • Meta's sign at 1 Hacker Way, California.
    Image attribution tooltip
    Kelly Sullivan via Getty Images
    Image attribution tooltip

    Meta forces Apple fees on advertisers

    Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.

  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
    Image attribution tooltip
    whyframestudio via Getty Images
    Image attribution tooltip

    Global Payments may pare operations

    While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.

  • Federal Reserve logo
    Image attribution tooltip
    Bet_Noire via Getty Images
    Image attribution tooltip

    Same-day payments drive ACH increase: Nacha

    Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.

  • Buy now, pay later
    Image attribution tooltip
    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
    Image attribution tooltip

    BNPL popularity rises among ‘financially fragile’ consumers

    About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

  • Sen. Dick Durbin with his hand up and another congressional colleague in the background.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Senator calls card CEOs on congressional carpet

    Sen. Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

  • The Apple logo is displayed on the exterior of an Apple Store.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Apple extends prepaid debit card reach

    Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.

  • An Adyen office in Amsterdam
    Image attribution tooltip
    Anna Hrushka/Payments Dive
    Image attribution tooltip
    Q&A

    Adyen eyes growth in North America

    Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.