The Latest

  • Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee April 26, 2022 in Washington, DC.
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    Win McNamee via Getty Images
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    6 viewpoints from the CFPB’s director that may affect payments

    “We are looking a lot at the convergence of payments and commerce and the extent to which a very big player could use that to shatter that wall between banking and commerce,” the agency’s director, Rohit Chopra, said this month.

  • Several Visa credit cards displayed on flat surface
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    Justin Sullivan via Getty Images
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    Visa, OpenTable partner on dining perks program

    The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.

  • 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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    Opponents of Capital One-Discover merger to air grievances

    Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB to apply lending laws to EWA

    The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
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    Scott Olson / Staff via Getty Images
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    Discover to sell student loan portfolio to Carlyle, KKR in $10.8B deal

    The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    Fiserv’s RNC visibility carries possible benefits, perils

    Publicity for the Republican National Convention, at a venue bearing Fiserv’s name, may raise the company’s profile, but also risks associating the payments player with polarizing partisan rhetoric.

  • Stripe CEO Patrick Collison
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    Matt Winkelmeyer via Getty Images
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    Stripe leads the way to Q2 fundraising recovery

    Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.

  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    FedNow zooms past RTP participation in inaugural year

    The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

  • Gift cards hang on a rack in a store.
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    Permission granted by Lynne Marek
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    Prepaid card spending accelerates

    The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

  • Shot of a young woman relaxing on the sofa and using a credit card with a digital tablet
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    gradyreese via Getty Images
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    Bolt advances strategy under new CEO

    Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

  • BofA CashPro
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    Courtesy of Bank of America
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    BofA tackles digital payments pain points

    The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard updates travelers on latest card precautions

    With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

  • A person walks into BNY Mellon's headquarters in New York City.
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    Mario Tama / Staff via Getty Images
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    Banks should proactively tackle instant payments fraud: BNY

    Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

  • Close-up of a person using a self checkout machine.
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    Julia Gomina via Getty Images
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    Self checkout boasts ‘record’ year: report

    The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Crypto theft doubles to $1.38B

    The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

  • The Clearing House CEO David Watson Swift
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    Permission granted by The Clearing House
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    The Clearing House’s RTP network logs Q2 records

    The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.

  • Accounts payable and receivable
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    champpixs via Getty Images
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    Q&A

    Versapay plunges ahead with new C-suite team

    The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    Payroc preps for more acquisitions, envisions potential IPO

    Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.

  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
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    Permission granted by Target
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    Target to stop accepting personal checks

    The retailer’s customers will still have six payment options after the change takes effect in about a week.

  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images
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    Visa-Mastercard settlement generates thousands of claim conflicts

    Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

  • Room with a neon sign that says 'Be Unreasonable' with weights and a desk.
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    Courtesy of Klarna
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    Klarna, Adobe partner on buy now, pay later services

    The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.

  • A sign for Discover Financial Services
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    Scott Olson via Getty Images
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    Discover to settle card class actions for $1.2B

    The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

  • The exhibit floor at the Nacha Smarter Faster Payments conference in Miami this year.
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    Lynne Marek/Payments Dive
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    Payments conferences yet to come in 2024

    Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.

    Updated July 3, 2024
  • Doctor checks child's chest with stethoscope
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    Mario Villafuerte via Getty Images
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    CFPB keeps scrutiny on medical cards

    The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.