Visa lays out blueprint for global growth

As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.

By Lynne Marek • March 3, 2025

Dwolla taps Walmart alum for CFO

Daniel Quezada is the payments player’s second chief financial officer in less than two years.

By Maura Webber Sadovi • March 3, 2025

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Top 5 stories from Payments Dive

Dominant card networks, legacy payments processors and young fintechs are all jockeying to keep up with industry innovations and increased competition.

By Payments Dive staff

Marqeta replaces CEO, makes acquisition

The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.

By Lynne Marek • Feb. 27, 2025

Democrats needle McKernan at nomination hearing

Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined up to be the No. 1 horse at the glue factory.”

By Caitlin Mullen • Feb. 27, 2025

Stripe bids for worker shares in offer worth $91.5B

The payments processing company will join with some of its investors to buy stock from current and former employees, Stripe said Thursday.

By Patrick Cooley • Feb. 27, 2025

FedNow boosts send option to $1M

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

By Lynne Marek • Feb. 27, 2025

Amex, Alipay target fast-growing China market

The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.

By Patrick Cooley • Feb. 26, 2025

Durbin to reintroduce credit card competition bill

The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.

By Lynne Marek • Feb. 25, 2025

PayPal CFO takes on COO role

Jamie Miller added the new responsibilities as she teams with CEO Alex Chriss to give the digital payments pioneer a bigger role in commerce.

By Lynne Marek • Feb. 25, 2025

Stripe employee share sale may mean delayed IPO

An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.

By Patrick Cooley • Feb. 25, 2025

Will Global Payments sell its issuer business?

Some analysts are pressing the processor to consider divesting the segment that caters to financial institutions, even as its merchant segment grapples with competition.

By Lynne Marek • Feb. 24, 2025

Fed’s Barr warns of weaker regulation, supervision

The Fed board, he said, should resist initiatives that impede effective supervision by discouraging examiners to flag issues early, or ones that add to the process unnecessarily, he said.

By Rajashree Chakravarty • Feb. 21, 2025

23 AGs line up behind Baltimore in CFPB case

Efforts to shutter the agency are against public interest, the AGs said. The CFPB’s attorneys argue it’s in the public interest to act “consistent[ly] with the philosophy of a new administration brought about by a national election."

By Dan Ennis • Feb. 21, 2025

Worldwide card use to jump 43% by 2029, Nilson predicts

Nonetheless, credit, debit and prepaid card transactions will expand at the slowest rate in the U.S., relative to other regions in the world, the research firm Nilson Report forecast.

By Lynne Marek • Feb. 21, 2025

How stablecoins may extend US dollar supremacy

“Dollar-based stablecoins such as USDT and USDC are traded all over the world at any time of the day, regardless of holidays, time zones, and whether markets are open or closed,” writes the CEO of an embedded finance company.

By Bam Azizi • Feb. 20, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 20, 2025

Shame drives rampant underreporting of fraud

Push-payment scams are at a "crisis level," consumer advocates at a Payments Dive virtual event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 19, 2025

Cap One, Discover shareholders approve merger

Stockholders of the two companies approved the big bank's $35.3 billion acquisition in separate meetings Tuesday.

By Patrick Cooley • Feb. 19, 2025

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • Feb. 19, 2025

Payments players mull new approaches to fraud

Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.

By Lynne Marek • Feb. 18, 2025

How payment scams start on social media

Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

By Patrick Cooley • Feb. 18, 2025

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 Lynne Marek • Feb. 13, 2025

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 Patrick Cooley • Feb. 13, 2025

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

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