EMVCo rolls out new payment standard

The international standard-setting organization finalized a new specification for contactless and mobile payments, but adoption of the new approach by merchants may be slow-going.

By Lynne Marek • Oct. 6, 2022

Visa flags rising in-person fraud

The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits.

By Lynne Marek • Oct. 6, 2022

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Payments industry seeks to keep pace with fraudsters

As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

By Payments Dive staff

Checkout-free technology spreads at airports

New frictionless convenience stores are coming to airports in Los Angeles and Dallas, continuing a trend that has gained steam since last summer.

By Brett Dworski • Oct. 6, 2022

Consumers prefer cashback rewards: Bank of America

Consumers base credit card choices mainly on incentives offered, with a preference for cash back over points, a Bank of America survey found.

By Tatiana Walk-Morris • Oct. 5, 2022

FTC issues warning on BNPL claims

As buy now-pay later popularity has mushroomed, the companies offering the financing have attracted the attention of another regulator.

By Caitlin Mullen • Oct. 5, 2022

Warren report slams Zelle reimbursements

The senator pushed to bolster a key CFPB rule after releasing a report tallying claims of fraud and scams on the P2P platform submitted by Truist, PNC, U.S. Bank and Bank of America.

By Dan Ennis • Oct. 4, 2022

Legislation needed to fill crypto oversight gaps, FSOC says

The federal panel said more oversight of stablecoins and crypto spot markets for tokens is needed. It also recommended rules that would help prevent regulatory arbitrage in the sector.

By Anna Hrushka • Oct. 4, 2022

Fed majority votes to finalize debit rule

In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.

By Lynne Marek • Oct. 4, 2022

Fed’s Bowman offers counterpoint on digital assets

In recent public comments, Federal Reserve Gov. Michelle Bowman diverged from the views of her colleague Michael Barr on certain topics, including crypto policies.

By Dan Ennis • Oct. 4, 2022

Durbin maps path for card bill

Sen. Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill.

By Lynne Marek • Oct. 3, 2022

Fintechs gain ground in merchant acquiring

New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.

By Caitlin Mullen • Oct. 3, 2022

A real-time look into open banking

Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.

Oct. 3, 2022

Visa, Uber issue $1M in grants to small business owners

The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.

By Julie Littman • Sept. 30, 2022

Consumers tap BNPL for larger purchases

Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.

By Tatiana Walk-Morris • Sept. 29, 2022

Banks take stock of payment fraud threats

Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

By Suman Bhattacharyya • Sept. 28, 2022

DoorDash teams with Chase, Mastercard on credit card

Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

By Julie Littman • Sept. 27, 2022

Busting the myths on FedNow

Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.

By Jessica Cheney • Sept. 27, 2022

PNC buys restaurant point-of-sale firm Linga

The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

By Anna Hrushka • Sept. 27, 2022

Banc of California acquires Deepstack in payment processing play

The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

By Anna Hrushka • Sept. 26, 2022

Bank CEOs defend Zelle in Senate hearing

Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

By Anna Hrushka • Sept. 23, 2022

Republicans grill bank CEOs on merchant gun code

GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.

By Anna Hrushka • Sept. 22, 2022

Visa eyes B2B, remittances for growth

Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

By Lynne Marek • Sept. 21, 2022

Profits slip for small businesses: survey

Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

By Tatiana Walk-Morris • Sept. 21, 2022

House lawmakers add credit card competition bill

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

By Caitlin Mullen • Sept. 20, 2022

Modern Treasury, Goldman Sachs team up

The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.

By Tatiana Walk-Morris • Sept. 19, 2022