The Latest

  • US Capitol House of Representatives
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    House plans vote to kill CFPB payments rule

    The chamber’s measure revoking bureau oversight of large tech payments players has passed the Senate and would next head to an approving Trump.

    Updated April 2, 2025
  • People stand and sit by a conference booth marked with the The Clearing House logo.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Clearing House ACH payments volume keeps climbing

    The Clearing House and Nacha both reported 6%-plus growth rates in ACH volume for last year, compared to 2023.

  • Two people sending money to each other through a digital wallet app on their smartphones.
    Image attribution tooltip
    MStudioImages via Getty Images
    Image attribution tooltip

    EWS drops Zelle standalone app

    Zelle users will need to turn to their online banking portals starting today in light of Early Warning Services proceeding as planned with the shutdown of its Zelle app this month.

  • CFPB Russell Vought
    Image attribution tooltip
    Kayla Bartkowski via Getty Images
    Image attribution tooltip

    CFPB plans to spike BNPL rule

    The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.

  • merchant fees credit cards
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Swipe fee foes find legislative support in almost a dozen states

    The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

  • Discover sign at driveway entrance to headquarters with flowers in front.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Discover CEO may reap $2.4M bonus

    Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.

  • Shopify partners with Affirm.
    Image attribution tooltip
    Courtesy of Affirm
    Image attribution tooltip

    Affirm COO: Walmart deal was “uneconomic”

    Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.

  • A customer accesses a banking app on their phone.
    Image attribution tooltip
    Supatman via Getty Images
    Image attribution tooltip

    Mercury raises $300M

    The payments startup, which has backing from Marathon Management Partners and Andreessen Horowitz, aims to use the funds to expand its clientele and increase its profitability.

  • Wyre CEO Yanni Giannaros, Bolt founder and executive chairman Ryan Breslow, Bolt CEO Maju Kuruvilla are pictured at the Bitcoin 2022 conference in Miami.
    Image attribution tooltip
    Permission granted by Bolt
    Image attribution tooltip

    Executive Shuffle: Bolt, MoneyGram and DailyPay

    New C-suite appointments so far this year demonstrate the payments industry’s efforts to digitize their offerings and cater to small business clients.

  • A branch of Citibank in the Financial District of San Francisco, California is pictured on February 9, 2020.
    Image attribution tooltip
    hapabapa via Getty Images
    Image attribution tooltip

    CFPB nixes filing in case tied to Electronic Funds Transfer Act

    The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

  • A person hands a check across a desk.
    Image attribution tooltip
    Andrey Popov via Getty Images
    Image attribution tooltip

    Utah governor signs EWA law

    The state joins a pack of others that have passed industry-friendly laws seeking to oversee earned wage access providers and their services.

  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Block shrinks workforce 8%

    The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

  • Consumer Financial Protection Bureau banks
    Image attribution tooltip
    Andrew Harnik via Getty Images
    Image attribution tooltip

    CFPB predicts late fee lawsuit settlement

    The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

  • Andy Barr, Kentucky Republican, speaks during a Congressional hearing.
    Image attribution tooltip
    Chip Somodevilla / Staff via Getty Images
    Image attribution tooltip

    Republicans air CFPB grievances, jockey for agency change

    Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.

  • President Donald Trump holds a signed executive order
    Image attribution tooltip
    Andrew Harnik/Getty Images via Getty Images
    Image attribution tooltip

    Trump calls on federal gov’t to banish paper checks

    The White House issued an executive order Tuesday calling on the federal government to cease using paper checks by September, except in certain circumstances.

  • Fiserv CEO Frank Bisignano
    Image attribution tooltip
    Eugene Gologursky / Stringer via Getty Images
    Image attribution tooltip

    Fiserv CEO vows to keep Social Security Administration intact

    Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

  • Shot of personalized Revolut Visa card
    Image attribution tooltip
    Courtesy of Revolut Press Kit
    Image attribution tooltip

    Revolut US CFO aims for growth, maturity ahead of U.S. entry

    Balancing agility and compliance is crucial for the digital banking platform as it seeks to expand into markets like the U.S., Revolut Chief Financial Officer Max Lapin said.

  • Fiserv CEO Frank Bisignano
    Image attribution tooltip
    Caitlin Mullen/Payments Dive, data from Fiserv
    Image attribution tooltip

    Fiserv CEO faces fire for Social Security cuts

    Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

  • credit cards debit cards
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Banks bash Illinois trend-setting law on card swipe fees

    Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.

  • nigel morris and fintech meetup founder on stage at fintech meetup in las vegas, nevada
    Image attribution tooltip
    Permission granted by Gabrielle Saulsbery
    Image attribution tooltip
    Q&A

    Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

    Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

  • A businessperson hands a colleague a paycheck.
    Image attribution tooltip
    AndreyPopov via Getty Images
    Image attribution tooltip

    Arkansas, Utah move ahead with EWA laws

    The two states are the latest to pass legislation addressing workers’ growing practice of using earned wage access to tap their income before a regularly scheduled payday.

  • Consumer Financial Protection Bureau banks regulation
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    CFPB seeks extension to respond to nonbank oversight lawsuit

    The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

  • A smartphone displaying the Affirm app
    Image attribution tooltip
    Courtesy of Affirm
    Image attribution tooltip

    Affirm, other BNPL players ratchet up credit bureau reporting

    At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

  • The Federal Trade Commission emblem on the Constitution Center in Washington, D.C.
    Image attribution tooltip
    Laurel Deppen/Payments Dive
    Image attribution tooltip

    Bank transfer fraud losses outpace crypto

    The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

  • A close up of a payment terminal next to a white self checkout bin with paper bags hanging.
    Image attribution tooltip
    SolStock via Getty Images
    Image attribution tooltip

    Retailers push payment modernization

    A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.