The Latest
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Federal Reserve targets fraud
Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.
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Permission granted by Jenifer Howard
Cantaloupe scooped up for $848M
The self-checkout kiosk company was purchased by 365 Retail Markets, a firm focused on self-service technology and backed by private equity firm Providence Equity Partners.
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Permission granted by MoneyGram
MoneyGram settles NY AG lawsuit
The money transmitter will pay a $250,000 civil fine to resolve claims it violated consumer laws with its remittances practices.
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Andrew Harnik via Getty Images
Illinois delays interchange fee law
Gov. JB Pritzker has signed a bill that delays implementation of a controversial new law that would bar interchange fees on taxes and tips in Illinois.
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Deep DiveOpen banking to survive Trump, fintechs say
Consumers and financial services firms will pursue their mutual interests in sharing personal data, despite a move by the Consumer Financial Protection Bureau to extinguish the trend, industry experts contend.
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ColumnCredit card bill crusade persists
Sens. Dick Durbin and Roger Marshall may have lost their latest bid to win a congressional vote on the Credit Card Competition Act, via stablecoin legislation, but proponents are undeterred.
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CFPB, consumer groups clash over BNPL
The battle over buy now, pay later — whether it’s helpful or hurtful to users — persists even after the Consumer Financial Protection Bureau last month withdrew its rule regulating such services.
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NY legislature backs bill to protect cash
The state’s two chambers voted in favor of a bill that requires New York retailers to accept cash, following a trend set by other states and cities.
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Tapcheck embeds EWA in payroll
Recent integrations with HR management platforms position the Texas earned wage access startup for growth.
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Andrew Harnik via Getty Images
Senators push payments fraud task force
A proposed bipartisan bill would bring together regulators and law enforcement to formulate measures aimed at reducing payment scams.
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Lynne Marek/Payments Dive
Adyen opts for build over buy
The Dutch payments processor eschews acquisitions in favor of building its own systems to drive growth, including in the U.S. market.
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Drivers seek digital payment options
Digital payments are on the rise, but toll road payments are lagging behind.
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Payoneer CFO sees stablecoin hurdles
The “last mile” infrastructure for stablecoin payment rails carries some challenges for the industry to resolve, Payoneer’s Bea Ordonez says.
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Visa, Mastercard race to agentic AI commerce
The two top U.S. card networks are speeding to develop payments services that will enable bot-based buying, with digital rival PayPal also making a play.
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Sezzle sues Shopify in BNPL battle
The buy now, pay later provider says Shopify violated antitrust laws when it sought to dominate BNPL transactions on its merchants’ platform.
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Courtesy of Affirm
Affirm boasts 2 million debit cards
The number of such cards the buy now, pay later provider has now made available is an increase of about 600,000 cards since January.
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Permission granted by Fiserv
Fiserv CEO embraces stablecoins
The processor is developing an infrastructure that would let its merchant customers make use of the digital assets, Mike Lyons said.
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Q&AFTA CEO says open banking central to fintechs’ work
The leader of the Financial Technology Association sees a federal court battle over the Consumer Financial Protection Bureau rule as critical to innovation.
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Courtesy of Courtesy of Circle
OpinionGENIUS Act is just the beginning
“The bill tackles the fundamental question that has paralyzed our industry: what exactly is a stablecoin, and who gets to regulate it?” writes one Tulane University professor.
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Permission granted by Lori's Gifts
Deep DiveCheckout-free payments may yet rise
Rapidly advancing artificial intelligence could let cashierless payment companies succeed where Grabango failed, industry insiders and observers say.
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Walmart taps Mastercard, Synchrony for new cards
The retail juggernaut’s OnePay affiliate is working with the card issuer and the network to launch general purpose and private label credit cards later this year.
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Wex eyes HSA benefit from budget amid pressure
The payments software company may get a boost if the U.S. budget allows for more consumer health savings accounts. It could use a lift, given recent shareholder dismay.
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Permission granted by Fiserv
Fiserv buys out AIB Merchant Services
The payments processor’s deal to buy the ownership stake that it doesn’t already own is expected to give it a stronger foothold in Europe.
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Eamonn M. McCormack via Getty Images
Amex leans into B2B payments
The card company aims to spur more business spending by corporate clients to buttress volume in the face of a possible recession.
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OpinionDon’t Turn Back the Clock on earned wage access
The Consumer Financial Protection Bureau “should settle this issue once and for all by issuing an expanded (EWA) advisory opinion,” writes a trade group leader.
