Banks bash Illinois trend-setting law on card swipe fees

Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.

By Justin Bachman • March 25, 2025

Fiserv CEO faces fire for Social Security cuts

Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

By Patrick Cooley • March 25, 2025

Explore the Trendline➔

E-commerce drives digital payment advances

As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

By Payments Dive staff

Arkansas, Utah move ahead with EWA laws

The two states are the latest to pass legislation addressing workers’ growing practice of using earned wage access to tap their income before a regularly scheduled payday.

By Lynne Marek • March 24, 2025

CFPB seeks extension to respond to nonbank oversight lawsuit

The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

By Justin Bachman , Lynne Marek • March 24, 2025

States may be called on to pick up payments regulatory slack

As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.

By Lynne Marek • March 18, 2025

Trump Organization lawsuit raises questions about Capital One-Discover deal

Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

By Justin Bachman • March 18, 2025

Retail, crypto groups converge to back stablecoin legislation

The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

By Lynne Marek • March 14, 2025

Discover Financial alum takes Wells Fargo IT role

A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

By Matt Ashare • March 14, 2025

Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.

By Caitlin Mullen • March 13, 2025

Green Dot considers sale as CEO exits

The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

By Lynne Marek • March 11, 2025

Killing the CFPB would create a vacuum, former insider says

Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.

By Justin Bachman • March 7, 2025

Senate votes to overturn CFPB big tech rule

The Senate backed a resolution to overturn a Consumer Financial Protection Bureau rule that gave the agency oversight of big tech companies offering payment tools.

By Lynne Marek • March 6, 2025

Banks say court’s ‘novel’ ruling upends wire transfer business

The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.

By Justin Bachman • March 5, 2025

CFPB drops fraud suit against Zelle’s operator, big banks

The 2024 lawsuit alleging rampant fraud on the peer-to-peer payments service is the latest action the CFPB has dismissed under the Trump administration.

By Justin Bachman • March 4, 2025

Trump names coins in strategic crypto reserve

Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

By Gabrielle Saulsbery • March 4, 2025

Visa lays out blueprint for global growth

As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.

By Lynne Marek • March 3, 2025

Fiserv exec talks real-time payments and challenges

Matt Wilcox, president of digital payments solutions for Fiserv, discussed the company’s plans for making real-time payments ubiquitous, and the hurdles to reaching that goal.

By Patrick Cooley • March 3, 2025

NCR Voyix links with Worldpay, reports revenue drop

The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.

By Tatiana Walk-Morris • Feb. 28, 2025

Democrats needle McKernan at nomination hearing

Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined up to be the No. 1 horse at the glue factory.”

By Caitlin Mullen • Feb. 27, 2025

Stripe bids for worker shares in offer worth $91.5B

The payments processing company will join with some of its investors to buy stock from current and former employees, Stripe said Thursday.

By Patrick Cooley • Feb. 27, 2025

Gen Z uses BNPL more than credit cards, survey shows

A J.D. Power survey of about 4,300 U.S. consumers found that more of them used buy now, pay later products than credit cards during the holiday shopping season last year.

By Patrick Cooley • Feb. 27, 2025

FedNow boosts send option to $1M

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

By Lynne Marek • Feb. 27, 2025

Mastercard taps State Dept official for top role

Richard Verma will rejoin the company this spring as chief administrative officer, overseeing legal and government affairs, Mastercard said Wednesday.

By Justin Bachman • Feb. 27, 2025

Amex, Alipay target fast-growing China market

The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.

By Patrick Cooley • Feb. 26, 2025

Durbin to reintroduce credit card competition bill

The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.

By Lynne Marek • Feb. 25, 2025