Cash use declines as cards rise: Atlanta Fed

Consumers keep using cash, but credit cards are king, the Federal Reserve Bank of Atlanta documented in its annual payment method survey. 

By Tatiana Walk-Morris • May 22, 2025

Durbin, Marshall push credit card amendment

Sens. Roger Marshall and Dick Durbin aim to add their Credit Card Competition Act legislation to the GENIUS stablecoin bill advancing in Congress.

By Lynne Marek • May 21, 2025

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

FIS quizzed on profit margins

The company’s chief financial officer was in the hot seat last week, explaining at an investor conference how he’ll bolster the bottom line.

By Lynne Marek • May 21, 2025

Capital One closes Discover deal

Completion of the combination results in the richest banking deal of the past six years and creates the nation’s largest credit card issuer.

By Dan Ennis • May 19, 2025

Why Mastercard invested in Corpay

The $300 million infusion in a cross-border partner creates a complementary tie, the network’s CFO said. It also comes as headwinds rise on that front.

By Lynne Marek • May 19, 2025

Amex offers virtual card to small businesses

The company has long provided the service to corporate clients, but this month started letting small business owners pay suppliers who accept Amex without a physical card.

By Patrick Cooley • May 19, 2025

CFPB slashes Wise penalty

The U.S. unit of fintech Wise must pay the bureau $45,000 and roughly $450,000 in redress to affected customers – a far cry from the $2.5 million penalty issued in January.

By Rajashree Chakravarty • May 18, 2025

Let’s scrap paper checks

If the federal government can ditch paper checks, so can the private sector, one industry CEO contends.

By Chase Gilbert • May 16, 2025

FTA to defend open banking in court

The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene.

By Justin Bachman • May 15, 2025

Banks struggle to talk about fraud

Financial institutions battling an increase in fraud, particularly push-payment scams, have been stymied in sharing information that might help them better protect customers.

By Lynne Marek • May 15, 2025

Credit card delinquencies rise: NY Fed

Meanwhile, U.S. credit card balances declined and credit card aggregate limits inched up from the prior quarter, the New York Fed said.

By Tatiana Walk-Morris • May 15, 2025

Warren prods DOJ to block Capital One-Discover deal

The senator urged the Justice Department’s new antitrust czar, who's expressed concern over the creation of too-big-to-fail firms, to take action.

By Dan Ennis • May 14, 2025

JPMorgan Chase taps payments tech head

The bank’s payments arm named Sri Shivananda to head up its technology operations this year. Now, he’s overseeing decisions on stablecoins, real-time transactions and other advances.

By Lynne Marek • May 14, 2025

BNPL users struggle with payments

Nearly half of U.S. adults who have used buy now, pay later services experienced financial difficulties, such as overspending or missing a bill payment, according to a recent survey.

By Patrick Cooley • May 13, 2025

Stablecoin bill falters in Senate

Democrats demanded fixes to the GENIUS Act – designed to create a framework for bringing stablecoins into the U.S. financial system – and raised concerns about Trump’s ties with crypto ventures.

By Rajashree Chakravarty • May 12, 2025

Cash App profits disappoint

Block reported just 10% growth in first-quarter gross profit for Cash App, even after it added Afterpay to Cash App debit cards.

By Patrick Cooley • May 12, 2025

Banks must accelerate ISO 20022 prep

“While larger banks have made considerable progress in preparing for this transition, smaller regional banks and credit unions are largely lagging,” writes one IT executive.

By Robert Turner • May 9, 2025

Mastercard faces cross-border headwinds

The credit card network reported a first-quarter slowdown in the growth of international travel, a potential warning sign amid economic uncertainty.

By Patrick Cooley • May 8, 2025

AvidXchange swallowed in $2B deal

The accounts payable software firm agreed to be taken private in an acquisition by investment company TPG and card processor Corpay.

By Lynne Marek • May 8, 2025

Indiana passes EWA law

The state follows others, including Nevada and Wisconsin, in instituting licensing requirements for earned wage access providers.

By Tatiana Walk-Morris • May 7, 2025

CFPB spurns BNPL rule

The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice.

By Lynne Marek , Patrick Cooley • May 7, 2025

Fiserv names Michael Lyons CEO

The company disclosed the promotion minutes after the U.S. Senate voted to confirm outgoing CEO Frank Bisignano as commissioner of the Social Security Administration.

By Patrick Cooley • May 6, 2025

Visa pursues stablecoins for cross-border payments

The biggest U.S. card network is setting up partnerships and innovating behind the scenes to develop stablecoins for cross-border uses.

By Lynne Marek • May 6, 2025

Warren, Waters urge Fed to reconsider Capital One-Discover

The Democratic lawmakers blasted the central bank’s “analysis, or lack thereof,” arguing the Fed “parroted assertions made by Capital One.”

By Dan Ennis • May 6, 2025

Senate to vote on Fiserv CEO for SSA post

The Senate Finance Committee chair urged colleagues to support Frank Bisignano to become head of the Social Security Administration when they vote on his nomination this week.

By Patrick Cooley • May 5, 2025