State interchange fee legislation makes meager progress

As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

By Lynne Marek • Nov. 18, 2024

Payments players should embrace digital currencies

“Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

By Ryan Miller • Nov. 15, 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

Mastercard aims to cancel manual card entry by 2030

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

By Tatiana Walk-Morris • Nov. 15, 2024

Durbin gives credit card bill another Senate push

Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

By Lynne Marek • Nov. 14, 2024

Private sector merits ‘significant’ payments footprint, Waller says

The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

By Tatiana Walk-Morris • Nov. 13, 2024

Young people fall prey to payments fraudsters

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

By Patrick Cooley • Nov. 12, 2024

Will Shift4 scoop up Lightspeed?

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

By Lynne Marek • Nov. 11, 2024

Open banking to move toward FDX standard

Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

By Lynne Marek • Nov. 11, 2024

Visa pinpoints rising fraud threats

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

By Tatiana Walk-Morris • Nov. 10, 2024

Afterpay to arrive on 24M Cash App cards

The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

By Patrick Cooley • Nov. 8, 2024

Remitly, Payoneer cross-border payments climb

Payments volume soared for the money transfer fintechs during the third quarter. Meanwhile, revenue at legacy rival Western Union slipped.

By Lynne Marek • Nov. 8, 2024

How Trump’s administration may rework payments policies

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

By Lynne Marek and Patrick Cooley • Nov. 7, 2024

Paze gets new leader amid slow start

Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service. 

By Patrick Cooley • Nov. 7, 2024

FTC sues fintech Dave over marketing, fees

The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.

By Rajashree Chakravarty • Nov. 7, 2024

Cross River drops lawsuit against Fiserv unit

The Fort Lee, New Jersey-based lender dismissed a lawsuit that it had filed against First Data Merchant Services last year. 

By Rajashree Chakravarty • Nov. 7, 2024

Fiserv exec opens up on Walmart, DoorDash partnerships

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

By Patrick Cooley • Nov. 6, 2024

DOJ’s Visa suit is unfounded

The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

By Aurelien Portuese • Nov. 5, 2024

Fed aims to make instant payments the norm

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference.

By Lynne Marek and Patrick Cooley • Nov. 5, 2024

Mastercard gains edge in ancillary services

The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.

By Lynne Marek • Nov. 5, 2024

DOJ’s Visa lawsuit could affect Capital One-Discover review

If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.

By Caitlin Mullen • Nov. 5, 2024

Fiserv, Capital One, others invest $150M in Melio

Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.

By Tatiana Walk-Morris • Nov. 4, 2024

Is the FTC targeting chargeback service providers?

“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

By Edward A. Marshall • Nov. 1, 2024

5 payments predictions from research firm Forrester

Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.

By Tatiana Walk-Morris and Lynne Marek • Nov. 1, 2024

BofA discloses CFPB probe of Zelle payments

Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.

By Caitlin Mullen • Oct. 30, 2024

Visa CEO stands fast against DOJ

Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.

By Lynne Marek • Oct. 30, 2024