Fighting deepfakes via payments

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

By Alan Primitivo • June 12, 2024

Upcoming ISO 20022 transition leaves some finance players scrambling

The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.

By Patrick Cooley • June 11, 2024

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

Cash use persists in US beyond pandemic

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

By Lynne Marek • June 11, 2024

Rivals Adyen, Stripe partner with Capital One to combat fraud

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

By Patrick Cooley • June 10, 2024

Mastercard shepherds seven startups

The card network has selected a group of next-generation payment and banking startups for its accelerator program.

By Tatiana Walk-Morris • June 10, 2024

Illinois heads toward landmark card interchange fee restrictions

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

By Lynne Marek • June 7, 2024

CFPB finalizes open banking standard-setter rule

The bureau will consult public interest groups and app developers on open banking standards, and no single special interest can dominate the standards-making process.

By Gabrielle Saulsbery • June 7, 2024

Waystar envisions $20B healthcare payments market

The software provider offered its outlook as it seeks to take the company public and expand its business.

By Lynne Marek • June 6, 2024

Amex dismisses impact of eBay’s rejection

EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

By Patrick Cooley • June 6, 2024

Pot payments players crave federal reforms

The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

By Patrick Cooley • June 5, 2024

Top JPMorgan payments executive exits

Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

By Lynne Marek • June 4, 2024

Consumers, businesses diverge in payment trends

Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.

By Lynne Marek • June 3, 2024

Zelle faces Senate probe on fraud

“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

By James Pothen • May 31, 2024

Are digital wallets safer than debit cards?

Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

By Patrick Cooley • May 31, 2024

Mastercard floats crypto credential service

The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.

By Tatiana Walk-Morris • May 31, 2024

CFPB seeks to thwart cross-border junk fees. Now what?

“Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

By Rina Wulfing • May 30, 2024

Investments for payments startups trickle in

Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

By Lynne Marek • May 30, 2024

Klarna uses AI to cut marketing costs

The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.

By Chris Kelly • May 29, 2024

Debit cards face rising digital wallet competition

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.

By Patrick Cooley • May 29, 2024

DailyPay CEO exits for another top job

Kevin Coop left the earned wage access provider for a healthcare market research firm, with Stacy Greiner appointed CEO on an interim basis.

By Lynne Marek • May 29, 2024

Paze targets nationwide coverage by year-end shopping season

The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.

By James Pothen • May 28, 2024

Visa preps for US pay-by-bank services

The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

By Lynne Marek • May 28, 2024

Walmart and Capital One break up

The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

By Lynne Marek • May 24, 2024

Businesses boost use of digital wallets: Fed

Business use of digital wallets rose last year more than their use of many other forms of payment, according to a survey commissioned by the Federal Reserve’s financial services unit.

By Tatiana Walk-Morris • May 24, 2024

Cash App aims to add more features

Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.

By James Pothen • May 24, 2024