Block defends against short seller allegations

The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

By Caitlin Mullen • March 30, 2023

US remains a laggard in real-time payments: report

Though the U.S. lags behind other countries, the Federal Reserve is preparing to launch its own real-time payments infrastructure.

By Tatiana Walk-Morris • March 30, 2023

Explore the Trendline➔

Growing fraud boosts focus on identifying customers

With cybercriminals morphing and multiplying in the COVID-19 era, businesses on the counter-attack and government regulators are racing to keep up.  

By Payments Dive staff

Synchrony mulls creating a digital wallet

The private label card company behind many retailers’ credit options may develop its own digital wallet, but for now it’s deferring to others’ wallets.

By Lynne Marek • March 29, 2023

Analysts call on Block to share anti-fraud details

Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

By Caitlin Mullen • March 29, 2023

Apple rolls out initial BNPL service

The tech giant delivered an initial version of its long-awaited buy now, pay later service for select U.S. users, with plans for a broader launch later this year.

By Lynne Marek • March 29, 2023

Credit card spending topped $13T last year: FIS report

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

By Tatiana Walk-Morris • March 28, 2023

Tandym adds retailers for rewards programs

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

By Lynne Marek • March 27, 2023

Visa says the recession is irrelevant at Merchant Risk Council 2023

Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.

By Ronen Shnidman • March 27, 2023

CFPB funding is constitutional, 2nd Circuit court rules

The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.

By Anna Hrushka • March 24, 2023

CFPB seeks to improve credit card transparency

The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

By Tatiana Walk-Morris • March 24, 2023

FedNow attracts real-time payments early adopters

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

By Lynne Marek • March 23, 2023

Bank failures could cause SMB credit crunch

The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.

By Anna Hrushka • March 22, 2023

Nacha CEO counts FedNow as competition

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

By Caitlin Mullen • March 21, 2023

Amex shareholders to vote on abortion-related proposal

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

By Caitlin Mullen • March 21, 2023

Apto Payments, Sardine team on anti-fraud tools

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

By Tatiana Walk-Morris • March 20, 2023

Western Union CEO gives rivals respect

The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.

By Lynne Marek • March 20, 2023

Brex, other fintechs stand by troubled banks

After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 17, 2023

Democrats slam card CEOs on gun code

A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.

By Caitlin Mullen • March 16, 2023

Payments execs detail SVB impact

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

By Caitlin Mullen , Lynne Marek • March 16, 2023

FedNow aims for late end of launch period

The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

By Lynne Marek • March 16, 2023

Visa, Mastercard depict bank failure impact

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

By Lynne Marek • March 15, 2023

Fiserv, Jack Henry CEOs react to bank crisis

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

By Caitlin Mullen , Lynne Marek • March 15, 2023

Amex bets on millennials, Gen Z for growth

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

By Caitlin Mullen • March 14, 2023

Tilia C-suite gets overhaul

The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

By Lynne Marek • March 14, 2023

Retail brands react to Silicon Valley Bank’s collapse

The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.

By Dani James • March 13, 2023