The Latest

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    Techa Tungateja via Getty Images
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    Opinion

    Fighting deepfakes via payments

    “Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

  • A person holds open an envelope filled with cash.
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    D-Keine via Getty Images
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    Cash use persists in US beyond pandemic

    Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

  • Hand of person tapping phone with dollar signs floating up
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    1401461124 via Getty Images
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    Q&A

    Upcoming ISO 20022 transition leaves some finance players scrambling

    The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.

  • 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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    Rivals Adyen, Stripe partner with Capital One to combat fraud

    The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard shepherds seven startups

    The card network has selected a group of next-generation payment and banking startups for its accelerator program.

  • Illinois state capitol building in Springfield
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    tacojim via Getty Images
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    Illinois heads toward landmark card interchange fee restrictions

    The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

  • Affirm to acquire Returnly.
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    Courtesy of Affirm
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    Affirm adds new options in bid to battle cards

    The buy now, pay later provider now offers two 30-day payment plans; one that allows for full payment and another that splits a purchase in two, in addition to its “pay in four” offering.

  • CFPB finalizes open banking standard-setter rule

    The bureau will consult public interest groups and app developers on open banking standards, and no single special interest can dominate the standards-making process.

  • The exterior of the New York State Capitol in August 2021 in Albany, New York.
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    Michael M. Santiago/Getty Images via Getty Images
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    New York races to pass BNPL bill

    State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    Amex dismisses impact of eBay’s rejection

    EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

  • Patients wait to check-in at a line of kiosks to get vaccinated.
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    Sergio Flores/Getty Images via Getty Images
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    Waystar envisions $20B healthcare payments market

    The software provider offered its outlook as it seeks to take the company public and expand its business.

  • The photo shows cannabis plants growing in a greenhouse.
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    Drew Angerer via Getty Images
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    Pot payments players crave federal reforms

    The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

  • Zelle's new ad campaign
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    Courtesy of Early Warning Services (parent company of Zelle)
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    Early Warning launches campaign to warn seniors

    The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.

  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    Top JPMorgan payments executive exits

    Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

  • non compete ban on private equity
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    P_Wei via Getty Images
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    FTC delves into scam payments

    In consumer fraud complaints to the federal agency last year, PayPal and Cash App were cited as apps often used by consumers to pay scammers.

  • Two people at an event, one of them is using a Square kiosk to pay for something.
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    Permission granted by Square
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    Cash App exec hints at Square integration

    Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.

  • check, checkbook
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    Retrieved from Flickr/RikkisRefuge.
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    Q&A

    Consumers, businesses diverge in payment trends

    Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.

  • A Dollar General sign and brick storefront on a cloudy day with the company's signature black on yellow logo
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    Permission granted by Dollar General
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    Dollar General to eliminate ‘vast majority’ of self-checkout

    The store chain has already removed self-checkouts from 12,000 of its more than 20,000 stores, the CEO said.

  • Person pays using phone to tap point-of-sale device with cup of coffee sitting on table.
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    Cecilie_Arcurs via Getty Images
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    Are digital wallets safer than debit cards?

    Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

  • Senator Ron Johnson speaking behind a dais.
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    Samuel Corum via Getty Images
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    Zelle faces Senate probe on fraud

    “The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Mastercard floats crypto credential service

    The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.

  • close up of dollar bills
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    Gordan1 via Getty Images
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    Investments for payments startups trickle in

    Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

  • A brand image of Klarna's shopping app
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    Courtesy of Klarna
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    Klarna uses AI to cut marketing costs

    The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.

  • Graphic of digital money transfer symbols overlaid on a map of the world
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    ArtemisDiana via Getty Images
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    Opinion

    CFPB seeks to thwart cross-border junk fees. Now what?

    “Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

  • DailyPay CEO Kevin Coop
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    Permission granted by Abigail Weir
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    DailyPay CEO exits for another top job

    Kevin Coop left the earned wage access provider for a healthcare market research firm, with Stacy Greiner appointed CEO on an interim basis.