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

Explore the Trendline➔

Top 5 stories from Payments Dive

Dominant card networks, legacy payments processors and young fintechs are all jockeying to keep up with industry innovations and increased competition.

By Payments Dive staff

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

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

By James Pothen • Sept. 8, 2023

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

By Tatiana Walk-Morris • Sept. 7, 2023

Mastercard CEO counters WSJ fee increase story

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

By Lynne Marek • Sept. 6, 2023

Discover expands board with former regulator

The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

By Caitlin Mullen • Sept. 6, 2023

Visa leans into stablecoin efforts

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

By Lynne Marek • Sept. 5, 2023

Andreessen Horowitz circles healthcare payments

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

By Rebecca Pifer Parduhn • Sept. 1, 2023

Average out-of-network ATM fees up by a penny: Bankrate

Banks are charging more for out-of-network withdrawals as ATMs slowly disappear and consumers rely less on cash and checks.

By Tatiana Walk-Morris • Sept. 1, 2023