Treasury official calls for new regulatory framework

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

By Lynne Marek • Oct. 11, 2024

MoneyGram attack exposed sensitive customer data

The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

By Matt Kapko • Oct. 9, 2024

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

Fiserv teams with Canadian company on open banking

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

By Patrick Cooley • Oct. 7, 2024

Real-time payments to make uneven progress, report predicts

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

By Lynne Marek • Oct. 7, 2024

Oportun inks deal to sell credit card portfolio

The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products. 

By Rajashree Chakravarty • Oct. 4, 2024

Fiserv nets special banking charter in Georgia

The payments processor is only the second company to win the special bank charter since Georgia made it available.

By Patrick Cooley • Oct. 4, 2024

OCC seeks to halt Illinois card interchange fee law

The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

By Lynne Marek • Oct. 3, 2024

Visa expected to temper competitive moves after DOJ action

The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.

By Lynne Marek • Oct. 3, 2024

Hurricane Helene aftermath prompts card, cash troubles

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

By Lynne Marek • Oct. 3, 2024

Mastercard to buy Minna Technologies

The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

By Tatiana Walk-Morris • Oct. 2, 2024

P2P payments tools lack transparency, consumer group says

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

By Patrick Cooley • Oct. 2, 2024

Visa boosts litigation funding ahead of US antitrust fight

The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

By Justin Bachman • Oct. 1, 2024

Payments conferences to keep on your radar for 2025

Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

By Shefali Kapadia • Oct. 1, 2024

Fed dissects consumer use of digital payments

While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

By Tatiana Walk-Morris • Sept. 30, 2024

Fiserv, Wells Fargo to end joint venture

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

By Patrick Cooley • Sept. 27, 2024

Visa to buy cybersecurity firm Featurespace

The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

By Lynne Marek • Sept. 26, 2024

FDX seeks to become open banking standard-setter

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

By Patrick Cooley • Sept. 26, 2024

How Visa stymied big tech rivals

The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.

By Lynne Marek • Sept. 25, 2024

DOJ suit accuses Visa of illegal debit payment monopoly

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

By Justin Bachman • Sept. 24, 2024

Visa faces possible DOJ lawsuit, news reports say

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

By Lynne Marek • Sept. 24, 2024

DailyPay to offer service outside US

Earned wage access provider DailyPay plans to begin offering its services outside the U.S. for the first time later this year.

By Lynne Marek • Sept. 23, 2024

Walmart, Fiserv team to offer real-time payments

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

By Lynne Marek • Sept. 20, 2024

Amazon adds PayPal option to Buy with Prime

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

By Tatiana Walk-Morris • Sept. 20, 2024

Reliant pushes back against CFPB lawsuit

The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.

By Patrick Cooley • Sept. 19, 2024

Who really pays for your credit card reward points?

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

By Parth Vatsal • Sept. 19, 2024