Banking


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    Bill to cut workforce by 6%

    The bill payments company is cutting about 140 jobs as it comes under pressure from activist investors, including Starboard Value.

    By Oct. 17, 2025
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    Fed to boost payments services’ days of operation

    The Federal Reserve plans to have the Fedwire Funds Service and the National Settlement Service operate on Sundays, but not until several years from now.

    By Oct. 16, 2025
  • 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
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    Permission granted by Office of the Comptroller of the Currency
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    Stripe’s Bridge applies for national trust charter

    The stablecoin infrastructure firm joins a growing list of crypto-native firms, including Coinbase and Circle, that have applied for an OCC charter this year.

    By Gabrielle Saulsbery • Oct. 15, 2025
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    Scott Olson via Getty Images
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    Visa, Mastercard reach settlement with merchants

    The card networks agreed to pay $199.5 million to settle a class action in which a pack of small merchants alleged they shouldn’t have shouldered liabilities for rejected credit card transactions.

    By Oct. 15, 2025
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    Visa’s revised card fee system may jolt merchants

    The card network giant will begin demanding more data from merchants this week in exchange for discounts, but it may come as a shock to some.

    By Oct. 14, 2025
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    Fed appeals debit fee ruling

    The Federal Reserve gave notice that it’s appealing a court ruling that invalidated its regulations governing debit card fee caps.

    By Oct. 10, 2025
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    Open banking also helps banks: Fintechs

    Financial technology firms are trying to rally support for U.S. open banking as regulators gather comments to inform a revised rule.

    By Justin Bachman • Oct. 10, 2025
  • The Bank of America logo is displayed on a sign in front of a Bank of America office on July 16, 2025 in Sunnyvale, California.
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    Justin Sullivan / Staff via Getty Images
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    Bank of America fires up AI payments assistant

    AskGPS was trained on more than 3,200 internal documents by the company’s in-house engineering team and rolled out last week.

    By Matt Ashare • Oct. 10, 2025
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC. People walk by.
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    Chip Somodevilla via Getty Images
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    Opinion

    How to unleash innovation and competition in payments

    “Give digital payments companies a path to directly access the Federal Reserve’s systems through a limited-purpose payments bank charter,” writes one former top legal executive.

    By John Muller • Oct. 10, 2025
  • stablecoins North Dakota Roughriders Fiserv cryptocurrency
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    halbergman via Getty Images
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    Fiserv launches Roughrider stablecoin

    The processor is working with a North Dakota state-owned bank to establish a new digital asset.

    By Justin Bachman • Oct. 9, 2025
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    Astrid Stawiarz via Getty Images
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    Visa board adds Pinterest CEO

    The credit card network giant added the social media company’s chief executive, Bill Ready, as it expanded its board to 12 members.

    By Oct. 7, 2025
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    Synchrony buys software firm

    The card issuer said acquiring Versatile Credit’s consumer financing platform will drive more merchant sales and consumer credit access.

    By Caitlin Mullen • Oct. 6, 2025
  • hourly work earned wage access DailyPay on-demand pay
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    DailyPay replaces CEO

    Nelson Chai, the earned wage access provider’s executive chairman since January, becomes the fintech's fourth CEO in five years.

    By Gabrielle Saulsbery • Oct. 2, 2025
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    DOJ granted brief stay in Visa debit case

    The U.S. government’s closure this week prompted the Justice Department to request a “temporary” pause in its antitrust lawsuit against Visa.

    By Justin Bachman • Updated Oct. 3, 2025
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    Mario Tama via Getty Images
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    FedNow debuts disaster aid payments

    An executive of the Fed’s real-time payment network says speedy relief payments will be “a game-changer” for people and businesses in need.

    By Tatiana Walk-Morris • Oct. 1, 2025
  • People mill at a conference with a Global Payments sign that markets its Genius brand in the background.
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    Lynne Marek/Payments Dive
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    Payments conferences to keep on your radar for 2026

    The U.S. open banking rule and artificial intelligence are expected to be hot topics at next year’s payments industry events.

    By Shefali Kapadia • Oct. 1, 2025
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    US payments growth may have peaked

    Payments revenue growth is projected to slow over the next four years, with cash-to-card migration largely in the rearview, said the author of a BCG report.

    By Caitlin Mullen • Sept. 29, 2025
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    Fiserv buys cash manager to boost stablecoin

    The deal for StoneCastle expands Fiserv as a liquidity source for financial institutions, and will help the processor fund cash for its FIUSD stablecoin.

    By Justin Bachman • Sept. 29, 2025
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    Courtesy of Fiserv
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    Fiserv acquires tech consulting firm

    The deal for Smith Consulting Group is designed to give Fiserv’s bank and credit union customers deeper technical expertise.

    By Justin Bachman • Sept. 26, 2025
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    Opinion

    The trouble with ending US checks

    The government must modernize payments, but officials retiring paper checks should be thoughtful and inclusive, the CEO of a consumer group writes.

    By Jennifer Tescher • Sept. 26, 2025
  • 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 fintech Amount

    The Chicago-based fintech, which provides banking technology, expands the portfolio of services FIS can offer banks and credit unions.

    By Caitlin Mullen • Sept. 24, 2025
  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
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    Scott Olson / Staff via Getty Images
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    Capital One cuts Discover workers

    The bank said it’s cutting nearly 400 Discover employees between November and March 2026, following job cuts last month related to Discover’s home equity business.

    By Caitlin Mullen • Sept. 23, 2025
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    CFPB ends U.S. Bank, Apple consent orders early

    The bureau contends the bank and tech giant have paid their penalties in separate cases related to unemployment benefits restrictions and the launch of the Apple Card.

    By Dan Ennis • Sept. 23, 2025
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    Alamy
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    Remitly debuts tiered membership platform

    Remitly One contains a “send-now-pay-later” feature that allows subscribers instant access to funds and a digital debit card that lets subscribers bypass foreign transaction fees.

    By Dan Ennis • Sept. 18, 2025
  • Plaid JPMorgan Chase open banking fees fintechs
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    Plaid to pay for JPMorgan data

    Under the agreement between the two companies, the bank will be paid for sharing consumer data with Plaid. Fintech groups excoriated JPMorgan for the new access fees.

    By Justin Bachman • Sept. 16, 2025