Visa proposes new plan for covering litigation liability

The card network’s board approved pursuing a shareholder vote on a new approach to covering potentially more than $35 billion in outstanding merchant claims against the company.

By Lynne Marek • Nov. 22, 2023

Bill beats back Melio speculation

Payments software company Bill isn’t in the market for “transformational” M&A and is more likely to pursue “tuck-in technology” type purchases, President John Rettig said on Friday.

By Caitlin Mullen • Nov. 22, 2023

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

Will China be a boon or bust for card networks?

U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

By Lynne Marek • Nov. 21, 2023

Credit card demand remains robust, rejections rise: New York Fed

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

By Caitlin Mullen • Nov. 21, 2023

Wise CFO credits customer growth for profit jump

The fintech’s nearly fourfold jump in profits comes as its chief financial officer is preparing to depart after an eight-year tenure.  

By Grace Noto • Nov. 20, 2023

Mastercard joint venture approved for China card processing

The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.

By Lynne Marek • Nov. 20, 2023

BNPL regulation could contribute to consolidation: Moody’s analysts

Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

By Caitlin Mullen • Nov. 20, 2023

5 takeaways from Michael Barr’s remarks at The Clearing House conference

The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.

By Suman Bhattacharyya • Nov. 20, 2023

Small business card debt has risen: Bank of America

Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

By Tatiana Walk-Morris • Nov. 17, 2023

Visa warns consumers about holiday fraud

Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.

By Lynne Marek • Nov. 17, 2023

Wex CEO taps endurance to lead

Melissa Smith has led the payments software and services company for nearly a decade, navigating once-in-a-lifetime events and spearheading an aggressive acquisition strategy.

By Lynne Marek • Nov. 16, 2023

Affirm adds account to bolster card

The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said. 

By Caitlin Mullen • Nov. 15, 2023

ADP, Convera partner on payroll, payments

The two companies have collaborated to integrate Convera’s payments services into ADP’s payroll software.

By James Pothen • Nov. 15, 2023

The Clearing House nabs top Fed official

The new hire is tasked with boosting adoption of The Clearing House’s RTP real-time payments system, as the new rival Federal Reserve FedNow system seeks to attract clients.

By Tatiana Walk-Morris • Nov. 14, 2023

DailyPay wage payments delayed due to Friday snafu

The early wage access company didn’t immediately make some payments to workers because of a snag related to the Veterans Day holiday.

By Lynne Marek • Nov. 14, 2023

BNPL companies face grim outlook, Moody’s says

Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

By Lynne Marek • Nov. 13, 2023

Bitcoin Depot CEO weighs in on new California law

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

By James Pothen • Nov. 10, 2023

Jack Henry lands more FedNow clients

Jack Henry & Associates recorded an increase in the number of customers connected to the new Federal Reserve instant payments system, but they’re all in receive-only mode.

By Lynne Marek • Nov. 8, 2023

Citi fined $25.9M over alleged discrimination

The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

By Anna Hrushka • Nov. 8, 2023

Millennial credit card delinquencies rise: New York Fed

Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5% in Q3 2019, according to a report from the Federal Reserve Bank of New York.

By Tatiana Walk-Morris • Nov. 8, 2023

CFPB proposes new oversight for payment tech firms

Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

By Lynne Marek , James Pothen • Nov. 7, 2023

Micropayments poised to surge: Forrester

In the U.S., bank-based payments need to gain steam before micropayments can truly take off, but there are increasing signs that’s on track, said Forrester analyst Lily Varón.

By Caitlin Mullen • Nov. 7, 2023

Cross-border payment headaches burden consumers: Mastercard report

As international groups examine cross-border payment challenges, consumers and small businesses are worried about the costs and risks associated with sending money or receiving funds internationally.

By Tatiana Walk-Morris • Nov. 7, 2023

Visa launches cybersecurity training program

The card giant rolled out a cybersecurity apprenticeship program last year amid a talent deficit highlighted by the Biden administration.

By Tatiana Walk-Morris • Nov. 6, 2023

Top trends shaping the future of bill payment

As consumer payment expectations continue to transform e-commerce experiences, billers should consider which emerging trends should be adopted.

Nov. 6, 2023