The Latest

  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
    Image attribution tooltip
    Permission granted by Target
    Image attribution tooltip

    Target to stop accepting personal checks

    The retailer’s customers will still have six payment options after the change takes effect in about a week.

  • Rep. French Hill
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

  • A cashier hands a shopper their credit card
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Visa-Mastercard settlement generates thousands of claim conflicts

    Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

  • Room with a neon sign that says 'Be Unreasonable' with weights and a desk.
    Image attribution tooltip
    Courtesy of Klarna
    Image attribution tooltip

    Klarna, Adobe partner on buy now, pay later services

    The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.

  • A sign for Discover Financial Services
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Discover to settle card class actions for $1.2B

    The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

  • The exhibit floor at the Nacha Smarter Faster Payments conference in Miami this year.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Payments conferences yet to come in 2024

    Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.

    Updated July 3, 2024
  • Doctor checks child's chest with stethoscope
    Image attribution tooltip
    Mario Villafuerte via Getty Images
    Image attribution tooltip

    CFPB keeps scrutiny on medical cards

    The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    BNPL credit reporting hangs in limbo

    The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

  • Pilot
    Image attribution tooltip
    Brett Dworski/Payments Dive
    Image attribution tooltip

    NCR Voyix terminates staff across several units

    The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

  • The New York state capitol building, a white building with multiple towers.
    Image attribution tooltip
    4nadia via Getty Images
    Image attribution tooltip

    New York BNPL bill is dead, for now

    Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

  • legal team use of AI
    Image attribution tooltip
    Shutthiphong Chandaeng via Getty Images
    Image attribution tooltip

    Payments industry to use AI to detect fraud, improve efficiency

    Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

  • Loper decision ending Chevron deference doctrine
    Image attribution tooltip
    Anna Moneymaker / Staff via Getty Images
    Image attribution tooltip

    Supreme Court lets complaint on debit fees proceed

    The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

  • Stickers with the visa and mastercard logos on the exterior window of a store.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Visa-Mastercard settlement failed to treat merchants ‘equitably’

    A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip
    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

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

    Atlanta Fed taps payments head for operations chief

    Cheryl Venable is exiting her role as chief of payments operations for the Federal Reserve Financial Services to take the new post.

  • Image attribution tooltip
    Dan Kitwood / Staff via Getty Images
    Image attribution tooltip

    Crypto firm Abra settles with 25 states for operating without a license

    Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.

  • 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

    Chuck morphs into a new Alloy Labs-backed effort

    Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

  • A gold American Express card being passed between two hands
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Travelers want to use credit cards, but often can’t

    Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

  • Stack of credit cards spread out
    Image attribution tooltip
    bernie_photo via Getty Images
    Image attribution tooltip

    Judge sways away from Visa-Mastercard settlement

    On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

  • American Express promotional signage
    Image attribution tooltip
    Bryan Bedder / Stringer via Getty Images
    Image attribution tooltip

    Amex banks on spending at high-end restaurants

    Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

  • Bank of America signage is shown with a reflection in the glass above it
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Bank of America zeroes in on banking app innovation

    The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

  • Pennsylvania state capitol in Harrisburg
    Image attribution tooltip
    benedek via Getty Images
    Image attribution tooltip

    Pennsylvania may ban interchange fees on sales tax

    Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

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

    BNPL to shift toward larger-ticket expenses: CEO

    The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

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

    Why a Visa-Mastercard settlement is likely to fall short

    The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
    Image attribution tooltip
    Neilson Barnard via Getty Images
    Image attribution tooltip

    Affirm may see payment volume bump from Apple Pay: Mizuho report

    The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.