The Latest
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NCR Voyix shifts chairman to CEO post
The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.
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Treasury responds to concerns about Musk ‘meddling’
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
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Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv doubles down on embedded finance
Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.
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Sanders, Hawley introduce credit card interest rate cap bill
In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.
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Cash App, Venmo app downloads decline
Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.
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Democrats decry Trump payments policy upheaval
Congressional Democrats criticized Trump administration moves at the Treasury Department and Consumer Financial Protection Bureau that suggest changes to federal government payments and policies.
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Gamers support CFPB video game payments rule
Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.
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Mastercard places ad with Lady Gaga
In a tie-up with the musical artist for her eighth studio album, the card network rolled out a new ad during the Grammy Awards on Sunday.
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Flutterwave CFO keeps eye on ‘sustainable’ profitability
It’s important to prioritize enabling stable revenue and solid profitability given the macroeconomic volatility in the African markets where Flutterwave operates, CFO Mitesh Popat said.
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Visa leans into A2A payments
The network titan is pursuing account-to-account payment services as a way to expand beyond its card-based dominance in the market.
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Chopra finally exits CFPB as Bessent steps in
The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.
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Third of U.S. small businesses add credit card surcharges
The findings of a J.D. Power survey indicate that merchants are passing the cost of swipe fees onto customers, even though they’re lowering consumer satisfaction with the transaction.
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PayPal, Amex and Wells Fargo shake up leadership
PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.
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Payments conferences to keep on your radar for 2025
Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at this year’s payments conferences.
Updated Jan. 31, 2025 -
Q&A
Worldpay tackles fraud-fighting in new ways
The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.
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What’s coming for the payments industry in 2025
Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.
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TransferMate joins Amazon’s payments pack
As part of the e-commerce giant’s ecosystem, the Irish business-to-business payments provider can advance its bid to expand internationally.
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Visa’s ex-CFO joins crypto company advisory board
The appointment adds a former top executive of a major card network to Fireblocks’ board as cryptocurrency firms seek more credibility.
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HSBC sunsets year-old app Zing
The bank launched the money transfer app last year in a bid to compete with cross-border payments companies like Wise and Remitly, but is shuttering the operation now.
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Apple, Google coalition seeks to skirt payments rule
Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.
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Amex GBT rolls out emissions-based carbon pricing tool
American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.
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X teams with Visa on new digital payments tool
Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.
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Gen Z still prefers in-person shopping
The generation prioritizes buying beauty and luxury goods in person, placing a premium on the physical shopping experience, research from Adyen shows.
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Deep Dive
Fintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.
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Courtesy of https://www.prnewswire.com/news-releases/american-fintech-council-afc-selects-phil-goldfeder-as-ceo-301752973.htmlQ&A
Trade group leader discusses BNPL security and appeal
American Fintech Council CEO Phil Goldfeder discussed the reasons consumers have started using buy now, pay later services in greater numbers, and why they return to the emerging payment method.