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

Explore the Trendline➔

Payments industry seeks to keep pace with fraudsters

As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

By Payments Dive staff

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

DailyPay sues New York Attorney General

The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.

By Lynne Marek • April 8, 2025

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

By Justin Bachman • April 8, 2025

Stripe seeks Georgia special banking charter

If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.

By Patrick Cooley • April 7, 2025

US businesses cling to paper checks

Large and small businesses alike are still using the 20th-century form of payment extensively, even as the federal government presses ahead with digital alternatives.

By Lynne Marek • April 7, 2025

Cap One-Discover deal detractors assail reported DOJ approval

Capital One’s $35 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.

By Justin Bachman • April 6, 2025

Durbin rounds up CCCA support

The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.

By Lynne Marek • April 4, 2025

Judge tosses racial bias suit against Citi over ATM fee waivers

The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.

By Caitlin Mullen • April 3, 2025

Visa, Mastercard have edge over Amex for Apple: analyst

As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.

By Lynne Marek • April 3, 2025

Fiserv promotes Takis Georgakopoulos to COO

Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.

By Patrick Cooley • April 2, 2025

Amex opposes shareholder proposals

A conservative legal group wants American Express to consider eliminating diversity goals to determine financial incentives for executives. A spokesperson for the card issuer says it no longer uses those goals in evaluating executive performance.

By Patrick Cooley • April 2, 2025

Clearing House ACH payments volume keeps climbing

The Clearing House and Nacha both reported 6%-plus growth rates in ACH volume for last year, compared to 2023.

By Lynne Marek • April 1, 2025

EWS drops Zelle standalone app

Zelle users will need to turn to their online banking portals starting today in light of Early Warning Services proceeding as planned with the shutdown of its Zelle app this month.

By Patrick Cooley • April 1, 2025