U.S. Bank jumps into BNPL

The launch of the point-of-sale option Avvance comes as nearly one in five consumers surveyed by the New York Fed say they've used buy now, pay later loans within the past year.

By Gabrielle Saulsbery • Oct. 26, 2023

Fed proposes reduction in debit fee cap

The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.

By Lynne Marek • Oct. 25, 2023

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

PayPal taps Fiserv as ‘core’ payments partner

Fiserv CEO Frank Bisignano said Tuesday that his company is now PayPal’s “core U.S. partner for payment services.”

By Caitlin Mullen • Oct. 25, 2023

Visa leans into CFPB proposal

The card network’s CEO on Tuesday backed a recent Consumer Financial Protection Bureau proposal on open banking, but was more circumspect about Fed moves on debit rules.

By Lynne Marek • Oct. 25, 2023

Fiserv, Blackhawk Network push to expand bill-pay services

By increasing the number of retailers accepting walk-in bill payment, the two companies seek to better serve consumers who prefer to use cash.

By Caitlin Mullen • Oct. 24, 2023

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 24, 2023

BIS advances oversight structure for broader faster payments ecosystem

In the interest of faster, cheaper and more transparent cross-border payments, the Bank of International Settlements last week produced an interim report aimed at developing a governance structure for an interlinked faster payments system.

By Lynne Marek • Oct. 23, 2023

Visa faces remaining litigation settlements of up to $4B

That’s the maximum amount of money the card network estimates may yet result from settling claims brought against it years ago by merchants who argue they were overcharged for card transaction processing.

By Lynne Marek • Oct. 23, 2023

Amex adds cards at a slower rate

As the company’s marketing spending dipped in the third quarter, Amex acquired fewer new cards than it has in recent quarters.

By Caitlin Mullen • Oct. 20, 2023

Same-day payments keep climbing: Nacha

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

By Tatiana Walk-Morris • Oct. 20, 2023

Fed to review debit card fee cap

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting this week.

By Lynne Marek • Oct. 20, 2023

CFPB unveils open banking proposal

The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.

By Anna Hrushka • Oct. 20, 2023

Visa’s chairman heads for exit

When Al Kelly leaves the board in January, the company’s lead independent director, John Lundgren, is expected to become Visa’s new chairman.

By Lynne Marek • Oct. 19, 2023

Discover considers internal, external CEO candidates

The card issuer is searching for a replacement after former CEO Roger Hochschild resigned abruptly in August.

By Caitlin Mullen • Oct. 19, 2023

Fed’s Bowman urges ‘responsible innovation’

Federal Reserve Governor Michelle Bowman said the U.S. already has a “safe and efficient payment system” that could be disrupted by CBDCs or stablecoins.

By James Pothen • Oct. 19, 2023

Plaid names first CFO

The move comes as the 10-year-old fintech company is reportedly considering going public after its failed agreement to be acquired by Visa.

By Alexei Alexis • Oct. 19, 2023

ACI, states reach $20M in settlements over payments mishap

The company is being penalized for unauthorized withdrawals, and attempted withdrawals, from mortgage customer accounts in April 2021.

By Tatiana Walk-Morris • Oct. 18, 2023

Payments funding slips further

While investments in payments startups dropped during the third quarter, U.S. companies attracted the most funding, according to a CB Insights report.

By Caitlin Mullen • Oct. 18, 2023

Fiserv exec talks Carat competition, growth

Carat’s recent expansion of its relationship with customer Inspire Brands “is what ‘good’ looks like in many ways for us,” said Casey Klyszeiko, the head of Fiserv’s global commerce platform for large clients.

By Caitlin Mullen • Oct. 16, 2023

Immigrants denied credit cards, other loans: CFPB, DOJ

“The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination,” the bureau’s Director Rohit Chopra said Thursday.

By James Pothen • Oct. 13, 2023

Goldman to sell installment lending fintech GreenSky

The deal, which marks the latest step in Goldman’s retreat from the mass market, is expected to close in the first quarter of 2024.

By Anna Hrushka • Oct. 13, 2023

Cash use falls as instant payments gain ground: McKinsey

Global cash use declined four percentage points last year, continuing a pandemic-era trend, consulting firm McKinsey said in a recent report.

By Debbie Carlson • Oct. 13, 2023

NMI acquires Sphere division

The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said. 

By Tatiana Walk-Morris • Oct. 12, 2023

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

“We have got more in the pipeline and there are various estimates that could range from 250 to 350 by the end of the year, and they just continue to grow as banks do it,” the central bank governor said at a recent payments event.

By Rajashree Chakravarty • Oct. 11, 2023

Now’s the time for national EWA legislation

“Instead of state-by-state regulation, federal government guidance must be updated and clarified,” authors of a recent working paper on earned wage access write.

By Marshall Lux and Cherie Chung • Oct. 11, 2023