Get ready for FedNow

“In the U.S., we never kill payment systems,” writes Modern Treasury cofounder Sam Aarons. “People still write paper checks. But the future of money, especially inside larger enterprises, is instant payments.”

By Sam Aarons • June 13, 2023

Paysend picks Amex alum for Americas CFO seat

The London-based cross-border payments company has tapped a Miami-based financial services veteran to help drive its expansion into the U.S.  

By Maura Webber Sadovi • June 12, 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

FIS acquires Bond: reports

FIS has acquired Bond, according to two news outlet reports, including one backed by an internal company memo.

By Lynne Marek • June 12, 2023

Block’s Ahuja chases bitcoin users for Cash App

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

By Suman Bhattacharyya • June 9, 2023

Affirm CFO acknowledges ‘difficult environment’

Bank failures and macroeconomic challenges have made capital markets challenging to navigate, Affirm CFO Michael Linford said. 

By Caitlin Mullen • June 9, 2023

Visa, Mastercard split on open banking

The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?

By Lynne Marek • June 8, 2023

Capital One buys Velocity Black

Acquiring the travel, entertainment and shopping concierge service may advance the bank’s interest in having customers use credit card points.

By Rajashree Chakravarty • June 8, 2023

Fed, FDIC, OCC update guidance on third-party risk management

The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.

By Anna Hrushka • June 8, 2023

Republicans take lead on card bill

Republicans planned to host a press conference for a revived Credit Card Competition Act bill. The legislation’s champion, Sen. Dick Durbin, didn't plan to attend.

By Lynne Marek • June 7, 2023

Cross-border payments startup Keeta snags $17M

Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

By Tatiana Walk-Morris • June 7, 2023

Opponents of CCCA brace for reintroduction

Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.

By Lynne Marek • June 6, 2023

Worldpay turns to Volt for A2A payments

A new tie-up between the companies will allow Worldpay’s merchant clients to tap bank-based payments from consumers.

By Caitlin Mullen • June 6, 2023

Nevada passes EWA legislation

Nevada this past weekend became one of the few states to pass legislation directed at policing the expanding earned wage access industry.

By Lynne Marek • June 5, 2023

Republicans draft crypto legislation

The discussion draft, which addresses how digital assets can be defined, represents the most comprehensive federal legislative development in the crypto sphere this year.

By Gabrielle Saulsbery • June 5, 2023

CBDCs offer benefits, risks

Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

By Lynne Marek • June 5, 2023

Amex beats back gift card scams

The card company is “putting a lot of time and effort” into preventing customers from being victims of those scams, CEO Steve Squeri said.

By Caitlin Mullen • June 5, 2023

CFPB slaps warning on P2P

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

By Lynne Marek • June 2, 2023

Discover relaunches debit account

After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

By Caitlin Mullen • June 2, 2023

Dwolla appoints new CFO

The company also appointed two new board members as it seeks to capitalize on rising A2A payments demand.  

By Grace Noto , Lynne Marek • June 1, 2023

Google aims to bulk up wallet

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

By Lynne Marek • June 1, 2023

ACI appoints new CEO

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

By Lynne Marek • May 31, 2023

Payments cost-cutting could fuel M&A: investor

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

By Caitlin Mullen • May 31, 2023

Marqeta shuts down Australia operations

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

By Lynne Marek • May 30, 2023

Consumers, businesses gravitate to faster, mobile payments

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

By Lynne Marek • May 26, 2023

Debit network players gear up for July

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

By Caitlin Mullen • May 26, 2023