The Latest

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  Lightspeed discloses strategic reorganization

  The Canadian payments software company said it expects the operational overhaul to impact 200 workers and result in savings that can be redirected to its priorities.

  Retail

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  Sponsored by Adyen

  The $185 billion opportunity: How platforms can leverage embedded finance to unlock additional revenue streams

  Although early-adopting platforms are already reaping the rewards of embedded finance, crucially, supply has not yet caught up with demand.

  Retail

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  Black Friday winners and losers

  Payments players charted an increase in spending over the Thanksgiving Day holiday weekend, with e-commerce sales growth outstripping the rise in stores.

  Retail

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  Consumers grab credit cards for holiday shopping

  Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.

  Retail

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  Musk calls for end to CFPB

  The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.

  Retail

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  Credit card delinquencies mount, Fed says

  Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

  Retail

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  Democrats bash CapOne-Discover merger proposal

  A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.

  Banking

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  Note from the Editor-in-Chief

  A change in ownership and what it means for our readers.

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  BNPL use may rise this year for holiday shopping

  With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

  Retail

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  Q&A

  Ex-PayPal CEO opines on everything from crypto to Cobol

  Bill Harris, who briefly led the payments pioneer, talks about the U.S. lagging in payments innovation, and the potential of stablecoins.

  Banking

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  Visa to boost credit card fees next year

  The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

  Retail

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  Push payment scam losses to surpass $3B by 2028: report

  U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

  Regulations & Policy

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  Richmond Fed seeks more CapOne-Discover input

  The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

  Retail

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  Real-time payments scams rise

  More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed. 

  Banking

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  CFPB tweaks big tech payments rule

  In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

  Retail

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  Amazon now accepts EBT card payments

  The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

  Retail

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  Deep Dive

  PayPal CEO pushes beyond payments

  After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

  Retail

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  DC attorney general sues EarnIn over ‘deceptive’ marketing

  The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

  Banking

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  Opinion

  How passing the CCCA would benefit nonprofits

  "Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

  Banking

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  Senate grills Visa, Mastercard executives over swipe fees

  Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

  Retail

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  Google Pay adds Afterpay BNPL services

  Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.

  Retail

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  State interchange fee legislation makes meager progress

  As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

  Retail

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  Scams ensnare even sophisticated consumers, Fed says

  Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.

  Regulations & Policy

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  Mastercard aims to cancel manual card entry by 2030

  The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

  Retail

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  Opinion

  Payments players should embrace digital currencies

  “Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

  Banking

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  Column

  Durbin gives credit card bill another Senate push

  Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

  Retail

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