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

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

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

BNPL users seek and use more new credit, Fed study finds

Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.

By Caitlin Mullen • Sept. 18, 2023

Battle over credit card bill escalates

The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies. 

By Lynne Marek • Sept. 15, 2023

CEO out at embattled Binance.US

Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.

By Gabrielle Saulsbery • Sept. 14, 2023

FIS battles higher labor costs

The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.

By Lynne Marek • Sept. 14, 2023

Fed officials tout FedNow, seek adoption

Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.

By Lynne Marek • Sept. 13, 2023

Discover shares pricing error findings with regulators

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

By Caitlin Mullen • Sept. 13, 2023

CCCA backers target vote this year

Supporters of the proposed Credit Card Competition Act say Republican Sen. Roger Marshall foresees a Senate vote on the legislation this year.

By Lynne Marek • Sept. 12, 2023

5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

By Suman Bhattacharyya • Sept. 11, 2023

PayPal CEO stresses stablecoin potential

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

By Lynne Marek • Sept. 11, 2023

PayPal expands tie with Meta

The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.

By Lynne Marek • Sept. 8, 2023

Turmoil at Discover may make it an acquisition target

Discover, hunting for a new CEO while it addresses compliance issues, might catch the eye of a large regional bank, an industry attorney said.

By Caitlin Mullen • Sept. 8, 2023