Payments bill defies congressional rancor

A bill important to the payments industry has attracted bipartisan support despite the political divide on Capitol Hill.

By Lynne Marek • Oct. 3, 2023

One-fifth of consumers consider BNPL to stretch holiday budgets: survey

Millennials are the most willing age group to consider BNPL to manage holiday spending amid rising prices, according to a Square and Afterpay report.

By Tatiana Walk-Morris • Oct. 3, 2023

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

States split over gun merchant category code

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

By Caitlin Mullen • Oct. 2, 2023

Discover, FDIC reach consent agreement

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

By Caitlin Mullen • Oct. 2, 2023

Supreme Court to consider debit fee case

The U.S. Supreme Court agreed to hear the petition of a North Dakota merchant group that sued over the Federal Reserve Board’s calculation of a debit fee cap.

By Lynne Marek • Sept. 29, 2023

How Blackhawk Network quit PVC cards

“There's a huge, huge upside” for the environment every time a gift card is made from paper instead of PVC plastic, Blackhawk Network Senior Vice President Cara Renfroe said in an interview.

By James Pothen • Sept. 29, 2023

Global Payments tops Worldpay debt rating

Global Payments landed a better mark from debt rating agency Fitch than did Worldpay in recent reports. That may matter as they pursue acquisitions.

By Lynne Marek • Sept. 29, 2023

Chase to ban crypto payments for UK customers

“If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.

By Gabrielle Saulsbery • Sept. 28, 2023

Deluxe to offer direct-biller payment services

Though checks have been vital to its business, the company is venturing further into digital payments, with an assist from Aliaswire.

By Tatiana Walk-Morris • Sept. 28, 2023

Modern Treasury CEO targets bigger customers

The digital payment services company brought on a chief revenue officer last year to better serve larger companies, according to CEO Dimitri Dadiomov.

By James Pothen • Sept. 27, 2023

Social apps face challenges in implementing shopping tools

Facilitating digital payments would be a big win for social apps, but regulators are less enthused.

By Andrew Hutchinson • Sept. 27, 2023

Wawa’s $10.7M data breach lawsuit against Mastercard thrown out

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

By Brett Dworski • Sept. 26, 2023

Andreessen Horowitz pushes cross-border payment improvements

While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.

By James Pothen • Sept. 26, 2023

BNPL users ‘financially fragile,’ NY Fed says

Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.

By Caitlin Mullen • Sept. 26, 2023

Is FedNow pivotal for payments or overhyped?

FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

By Eric Shoykhet • Sept. 26, 2023

Congressional committee passes bill to thwart CBDC

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.  

By Lynne Marek • Sept. 25, 2023

Payments processing can get complicated. Here’s a primer.

How many companies does it take to process a credit card payment?

By James Pothen • Sept. 22, 2023

Biden administration seeks to erase medical debt from credit reports

In kicking off a medical debt rulemaking process, the CFPB aims to address the "tremendous burden" of medical debt, Vice President Kamala Harris said Thursday.

By Caitlin Mullen • Sept. 22, 2023

Holiday spending to increase 3.7%: Mastercard

Consumer outlays for electronics and at restaurants are expected to boost expenditures this year, according to the card network.

By Tatiana Walk-Morris • Sept. 22, 2023

Varo aims to displace Venmo, Cash App volume with P2P feature

The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

By Anna Hrushka • Sept. 21, 2023

JPMorgan taps Gusto to offer embedded payroll

Chase Payment Solutions’ small and medium-sized business customers can use Gusto to combine the payroll process with financial operations.

By Rajashree Chakravarty • Sept. 21, 2023

California legislature passes plastic gift card ban

The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.

By Lynne Marek • Sept. 21, 2023

Citi launches token service for institutional clients

The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant, cross-border payments 24/7, the bank said.

By Rajashree Chakravarty • Sept. 19, 2023

Connecticut moves to regulate EWA

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

By Lynne Marek • Sept. 19, 2023

Digital dollar bill resurfaces in Congress

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

By Lynne Marek • Sept. 18, 2023