The Latest

  • Nevada payments banks retail merchants fees
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    LeonardFarrell via Getty Images
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    Nevada bill would charter new payment banks

    The new banks would connect directly to real-time payment rails like FedNow and ACH to potentially lower retailers’ transaction costs.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    Q&A

    JPMorgan Chase taps payments tech head

    The bank’s payments arm named Sri Shivananda to head up its technology operations this year. Now, he’s overseeing decisions on stablecoins, real-time transactions and other advances.

  • Usa one hundred dollar banknotes among the binary code background
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    Elen11 via Getty Images
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    Businesses grapple with payments fraud

    Companies are struggling to keep up with fraudsters’ growing technological prowess, particularly in business email compromises.

  • CFPB Russell Vought
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    Anna Moneymaker via Getty Images
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    Google drops lawsuit against CFPB

    The tech giant ended its court battle as the federal agency halted supervision of the company’s payments arm.

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB rescinds 67 pieces of guidance

    The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    BNPL users struggle with payments

    Nearly half of U.S. adults who have used buy now, pay later services experienced financial difficulties, such as overspending or missing a bill payment, according to a recent survey.

  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    Cash App profits disappoint

    Block reported just 10% growth in first-quarter gross profit for Cash App, even after it added Afterpay to Cash App debit cards.

  • Marqeta embedded finance Block
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    innni via Getty Images
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    Q&A

    Marqeta chief focuses on revenue diversity, execution

    Interim CEO Mike Milotich wants to boost the processor’s non-Block revenue and expand its embedded finance offerings via a new mobile app for customers.

  • Bitcoin sitting on dollar bills
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    Dan Kitwood via Getty Images
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    Stablecoin bill falters in Senate

    Democrats demanded fixes to the GENIUS Act – designed to create a framework for bringing stablecoins into the U.S. financial system – and raised concerns about Trump’s ties with crypto ventures.

  • Global Payments Worldpay checkout point of sale processing payment
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    filadendron via Getty Images
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    Global Payments eyes cost cuts

    The payments processor sharpens its focus on how to squeeze $600 million in “cost synergies” from its $24 billion purchase of Worldpay.

  • Expensify marketing expense management Apple
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    Dimitrios Kambouris via Getty Images
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    Expensify predicts brand boom from Brad Pitt F1 film

    The travel-and-expense manager is the top sponsor of Pitt’s fictional race team and says it expects a wave of new leads from Apple’s summer drama.

  • World image
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    Faruk Ibrahim Alpagut via Getty Images
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    Opinion

    Banks must accelerate ISO 20022 prep

    “While larger banks have made considerable progress in preparing for this transition, smaller regional banks and credit unions are largely lagging,” writes one IT executive.