Executive Shuffle: JPMorgan, Mastercard and PayZen

Payments and fintech companies are targeting growth, often by harnessing technology, with their recent executive appointments.

By Patrick Cooley • April 30, 2025

Paze aims to pump up the volume with Fiserv

The digital wallet owned by seven banks has loaded 150 million customer cards onto the system. Now, it’s working with its processor ally to add more banks.

By Lynne Marek • April 29, 2025

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

ATM provider Hyosung Americas issues security alert

The cash machine maker called for a software update, with locations in the Northeast and on the West Coast particularly at risk.

By Tatiana Walk-Morris • April 28, 2025

Durbin to keep pushing card bill

The retiring Senate Democrat plans to reintroduce the Credit Card Competition Act proposal despite plans to wrap his four-decade congressional career.

By Lynne Marek • April 28, 2025

PayPal pays up for talent

The digital payments pioneer delivered sizable pay packages last year after it hired new executives, including one landing $29.4 million in annual compensation.

By Lynne Marek • April 25, 2025

Illinois AG, Durbin defend state card fee law

They filed a second brief supporting a state law that excludes taxes and tips from card interchange fees.

By Justin Bachman • April 25, 2025

Capital One readies for Discover integration work

With Discover, “we will be going back into the world of data centers” for “a number of years,” Capital One CEO Richard Fairbank said Tuesday.

By Caitlin Mullen • April 24, 2025

Trade group pushes directory for instant payments

The U.S. Faster Payments Council advocated for an open and secure directory service to increase real-time payment adoption, per a report earlier this month.

By Lynne Marek • April 23, 2025

FedNow draws 1,300 financial firms

The instant payments service has attracted mostly small and mid-sized financial services firms as it inches up adoption by financial institutions.

By Tatiana Walk-Morris • April 23, 2025

Write off paper checks, ACI Worldwide CEO advises

Tom Warsop praised the Trump administration’s move to eliminate paper checks and suggested businesses should do the same.

By Lynne Marek • April 22, 2025

Fiserv, Kansas to open fintech hub

The hub will open later this year in Overland Park, Kansas, and help Fiserv better serve Midwestern customers, the company said in a news release Monday.

By Patrick Cooley • April 21, 2025

Fed, FDIC force more oversight of Discover

The Federal Reserve and the FDIC penalized the card network for overcharging merchants on interchange fees and said the company must pay $250 million in fines, make restitution to merchants, and change its practices as a condition to merging with Capital One.

By Patrick Cooley • April 21, 2025

Paper check use surged last year, AFP says

Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.

By Lynne Marek • April 18, 2025

Capital One-Discover wins approvals

The Federal Reserve and the Office of the Comptroller of the Currency will allow a merger creating the largest U.S. credit card issuer.

By Dan Ennis • April 18, 2025

Visa’s Pismo names new CEO

The Brazilian payments software business promoted new executives as it pursues growth under the auspices of its giant card network owner.

By Tatiana Walk-Morris • April 18, 2025

Pay-by-bank should offer perks: Deloitte

Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.

By Patrick Cooley • April 17, 2025

FIS, Global Payments agree to Worldpay deal

Fidelity National Information Services and Global Payments unveiled a deal Thursday in which FIS plans to buy the latter’s issuer business and sell its Worldpay stake. 

By Lynne Marek • April 17, 2025

Shazam sheds merchant services to focus on debit

 The network company divested its merchant services portfolio this month to concentrate on its core business.

By Lynne Marek • April 16, 2025

Klarna partners with Fiserv’s Clover

A recently signed deal will bring Klarna’s installment loans to Clover checkout at merchants across the U.S.

By Patrick Cooley • April 16, 2025

Credit card 90-day delinquencies rise to record: report

The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.

By Patrick Cooley • April 15, 2025

Republicans pressure Fed on debit card fees

Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

By Lynne Marek • April 14, 2025

Block agrees to pay $40M New York penalty

The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

By Lynne Marek • April 11, 2025

PayPal’s Xoom, Tencent partner on cross-border payments

The deal provides another avenue for customers seeking to send remittances to Chinese consumers.

By Tatiana Walk-Morris • April 10, 2025

Rain raises $75M in equity funding

With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.

By Tatiana Walk-Morris • April 9, 2025

Fiserv acquires Australian payment facilitator Pinch

The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.

By Patrick Cooley • April 9, 2025