The Latest
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Scott Olson / Staff via Getty Images
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.
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Permission granted by Finastra
Sponsored by Finastra3 ways open finance empowers community financial institutions to modernize their payments infrastructure
How open finance enables efficient and secure technology, greater flexibility, and scalability.
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Lynne Marek/Payments Dive
Grabango CEO pushes for more partnerships
The Berkleley, California-based company is looking to expand by building ties with established retailers, CEO Will Glaser said.
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Scott Olson / Staff via Getty Images
OpinionCFPB’s EWA rule may undo progress
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
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Win McNamee via Getty Images
CFPB slammed with EWA commentary
The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal and it got an earful.
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Cecilie Arcurs via Getty Images
Academics question digital wallet security
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
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Spencer Platt via Getty Images
Viral JPMorgan Chase glitch is ‘fraud, plain and simple,’ bank says
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
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Creative via Getty Images
Paysafe taps FIS alum for CFO amid growth pivot
The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.
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Courtesy of Zip
Maryland gets tough on BNPL
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
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Permission granted by David Schwarz
TrackerEarned wage access: Following states that have passed laws, or have legislation pending
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
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Justin Sullivan via Getty Images
PayPal offers guest checkout service to Fiserv clients
The two firms are working together again as other payment giants collaborate on checkout enhancements.
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Courtesy of U.S. Bank
U.S. Bank works to simplify SMB banking, payments
A recent survey by the bank is leading it to bring its payments and banking tools together to work for small and mid-size business clients in a more simplified way.
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Pilar Olivares/Reuters
PayPal joins group investing $15M in Brazilian startup
The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in Brazil.
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Courtesy of Affirm
Affirm shuffles leadership, promoting CFO to COO
The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.
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Sarah Silbiger via Getty Images
Fed official questions faster cross-border payments ties
Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.
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Permission granted by MoneyGram
MoneyGram, Adyen add chief technology officers
The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.
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Joe Raedle / Staff via Getty Images
Shoppers’ online fraud fears escalate
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.
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Anna Moneymaker via Getty Images
CFPB chides retailers on fees for cash back
The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.
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Courtesy of Shift4
Shift4 acquires Canadian gift card company for $148M
Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.
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Permission granted by Aeropay
Aeropay targets pay-by-bank evolution in US
The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.
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Joe Raedle / Staff via Getty Images
Consumers tap credit cards, loans to manage inflation: Fed report
Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.
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Lynne Marek/Payments Dive
Fed’s Waller eggs on payments research
Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.
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Lynne Marek/Payments Dive
OpinionSurcharging doesn’t have to be a bad word
“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.
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9dreamstudio via Getty Images
U.S. Bank buys healthcare payments firm
The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.
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Scott Olson via Getty Images
Amex, Flutterwave partner in Nigeria
The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.
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Permission granted by Money 20/20
Q&AMarqeta isn’t a ‘single-trick pony,’ CEO says
The embedded finance firm’s partnerships with Varo Bank, Affirm, Visa and Zoho and its new office launch in Warsaw, Poland, underscore the expansion of the payment platform's market presence.
