Banking


  • People standing at a booth in front of a conference booth with a placard that says 'FIS.'
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    Lynne Marek/Payments Dive
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    FIS acquires Demica, Dragonfly

    Fidelity National Information Services has been buying up businesses as it seeks to expand, especially in providing services to chief financial officers and in the digital arena.

    By Feb. 13, 2025
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    Google Maps

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    Georgia special charter attracts another applicant

    The move follows the approval of payment processing company Fiserv’s application, which was approved in October, but payments industry consultants say the path to using such a charter is a rocky one.

    By Feb. 13, 2025
  • Image of a grocery cart floating over a laptop keyboard Explore the Trendline
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    toeytoey2530 via Getty Images
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    Trendline

    E-commerce drives digital payment advances

    As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

    By Payments Dive staff
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    Sean Pavone via Getty Images
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    Wise to close Tampa office, cut 300 employees

    The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.

    By Rajashree Chakravarty • Feb. 12, 2025
  • The exterior of the Consumer Financial Protection Bureau building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Ex-FDIC official McKernan tapped to lead CFPB

    The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.

    By Dan Ennis • Feb. 12, 2025
  • Discover sign at driveway entrance to headquarters with flowers in front.
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    Lynne Marek/Payments Dive
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    Discover flags potential Cap One merger delay

    Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.

    By Feb. 12, 2025
  • Walmart app homepages on three phones.
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    Courtesy of Walmart
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    Opinion

    Payment tools proliferate, consolidation looms

    “The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”

    By Justin Grooms • Feb. 12, 2025
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna, JPMorgan to offer BNPL to business clients

    The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

    By Feb. 11, 2025
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    Andrew Harnik via Getty Images
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    CFPB’s future hangs in the balance after a wild weekend

    Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.

    By Dan Ennis • Feb. 10, 2025
  • Illustration with a dollar sign in the middle and a circle around it with what looks like circuitry board lines running to it.
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    Chor muang via Getty Images
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    Senators reintroduce bill to bar CBDC

    Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

    By Feb. 10, 2025
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm to emphasize no-interest loans

    The company said that offering more interest-free financing options would drive profits by bringing in more customers.

    By Feb. 10, 2025
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    Chip Somodevilla via Getty Images
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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.

    By Feb. 6, 2025
  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    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.

    By Feb. 6, 2025
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    Michael M. Santiago via Getty Images
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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.

    By Tatiana Walk-Morris • Feb. 6, 2025
  • Senator Josh Hawley points his figure toward the during questioning from a perch on the chamber's raised platform.
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    Chip Somodevilla via Getty Images
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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.

    By Feb. 5, 2025
  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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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.

    By Feb. 5, 2025
  • The Capitol Building in the background, with green trees on its left and right sides, and a water fountain in front of it.
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    Sara Samora/Payments Dive
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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.

    By Feb. 4, 2025
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    mikkelwilliam via Getty Images
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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.

    By Feb. 4, 2025
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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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.

    By Feb. 3, 2025
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    sommart via Getty Images
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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.

    By Grace Noto • Feb. 3, 2025
  • Lady Gaga wearing a white gown appears in a promotional image for Mastercard to promote her album "Mayhem."
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    Permission granted by Mastercard
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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.

    By Peter Adams • Feb. 3, 2025
  • CFPB Director Rohit Chopra
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    Kent Nishimura / Stringer via Getty Images
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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.

    By Dan Ennis • Feb. 3, 2025
  • Credit card and payment type logos Visa, Mastercard, Discover and American Express displayed on drive-up window.
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    Lynne Marek/Payments Dive
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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.

    By Feb. 3, 2025
  • PayPal sign outside in front of parking lot with cars in background.
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    Justin Sullivan via Getty Images
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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.

    By Jan. 31, 2025
  • Donald Trump sits at his desk in the Oval Office with his hands clasped.
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    Chip Somodevilla via Getty Images
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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.

    By Payments Dive staff • Jan. 31, 2025
  • Customer pays at business
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    Creative via Getty Images
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    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.

    By Jan. 30, 2025