The Latest

  • Dash cart at Amazon Fresh
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    Courtesy of Amazon
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    Amazon expands smart carts pilot

    The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store.

  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS promises expanding profit margins

    Fidelity National Information Services promised bigger profit margins this year from its newly reconfigured business focused on banking and capital markets.

  • payments
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    piranka via Getty Images
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    FIS ex-CFO stays to oversee Worldpay transition

    Erik Hoag, a long-time FIS executive who stepped down from the CFO seat in August after just one year, was named chief integration officer.

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

  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    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.
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    Courtesy of Publix
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    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
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    Drew Angerer / Staff via Getty Images
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    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.
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    Justin Sullivan / Staff via Getty Images
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    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.
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    Win McNamee / Staff via Getty Images
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    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
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    Sam Silverstein/Payments Dive
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    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
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    Brendon Thorne via Getty Images
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    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.
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    Scott Olson via Getty Images
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    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
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    Kevin Dietsch / Staff via Getty Images
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    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
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    Retrieved from Senate Banking Committee.
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    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.
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    Win McNamee via Getty Images
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    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.
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    Kent Nishimura via Getty Images
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    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
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    Justin Sullivan via Getty Images
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    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.
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    Win McNamee / Staff via Getty Images
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    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.
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    Chip Somodevilla via Getty Images
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    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.
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    Courtesy of American Express
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    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
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    Permission granted by Toast
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    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.
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    Kelly Sullivan via Getty Images
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    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.
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    whyframestudio via Getty Images
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    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
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    Bet_Noire via Getty Images
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    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
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    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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    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.