Regulations & Policy


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    Anna Hrushka/Payments Dive

    Fed finds businesses eager for faster payments

    The Federal Reserve said Tuesday that a survey of businesses last year revealed a majority are eager to make use of faster payments, with many ready to do so now. The Fed doesn't plan to launch its real-time system until 2023.

    By Sept. 01, 2021
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    Permission granted by Casey Kozieja, outside spokesperson for the company ([email protected])

    Crypto ATMs multiply despite challenges to the currency

    The biggest crypto kiosk companies are expanding as the value of bitcoin recovers and more merchants seek a piece of the action.

    By Aug. 26, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    BitPay CFO: long-time crypto users incentivized to keep spending

    Cryptocurrency is well on its way to “emerge as the next evolution to modern alternative payments,” Jagruti Solanki, CFO of Bitcoin and payment provider BitPay, said Friday.

    By Jane Thier • Aug. 20, 2021
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    Chip Somodevilla via Getty Images

    Justice, FTC support Fed's debit rule proposal

    The two agencies not only backed the Fed's effort to make sure two unaffiliated card networks are available for debit transactions, they encouraged it to further strengthen the proposal.

    By Aug. 20, 2021
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    Courtesy of Amazon

    Senators raise privacy concerns about Amazon One

    Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.

    By Tatiana Walk-Morris and Cara Salpini • Aug. 18, 2021
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    Permission granted by PayPal Spokesman Joseph Gallo

    PayPal drops BNPL late fees worldwide

    The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.

    By Aug. 18, 2021
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    Chip Somodevilla via Getty Images

    Big bank, merchant groups weigh in on Fed rule clarification

    Bank and merchant trade groups weighed in on the Fed's debit rule clarification at the 11th hour, digging in their heels in a long-time battle over whether to ease merchant access to increased debit transaction networks.

    By Aug. 12, 2021
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    Jack Taylor / Stringer via Getty Images

    Binance.US CEO resigns

    Former regulator Brian Brooks is leaving the crypto exchange as the company faces scrutiny from the CFTC, Justice Department and IRS.

    By Robin Bradley • Aug. 10, 2021
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    Win McNamee via Getty Images

    Debit rule battle dumps 500-plus comments on Fed

    The Federal Reserve asked for public comment on a proposal to clarify rules regarding the processing of debit card transactions and it's getting an earful.

    By Aug. 09, 2021
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    Retrieved from Senate Banking Committee.

    OCC conducting review of overdraft policies, acting comptroller says

    Acting Comptroller Michael Hsu's remarks come as more banks are revamping their overdraft policies and as Democrats are calling for legislation that would rein in the practice.

    By Anna Hrushka • Aug. 05, 2021
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    Win McNamee via Getty Images

    Mastercard CEO pushes back against regulatory zeal

    Mastercard CEO Michael Miebach tucked a warning for Washington into a recent discussion with analysts.

    By Aug. 05, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Clearing House urges caution on CBDCs

    A Federal Reserve-backed digital currency could "destabilize both the domestic and foreign banking and financial services sectors," the payments system operator said.

    By July 30, 2021
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    Justin Sullivan via Getty Images

    Payments M&A is hot, but deals could face antitrust scrutiny

    The fintech industry faces “a wave of consolidation” for the remainder of 2021 and 2022, according to an industry report.

    By July 26, 2021
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    Joe Raedle via Getty Images

    Card companies go green, but hurdles remain

    Card issuers, networks and manufacturers are working to shrink their carbon footprint as consumers become more environmentally conscious and global carbon emissions climb.

    By July 22, 2021
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    Permission granted by Jacquelyn Reineke
    Opinion

    Creating financial inclusion in banking and payments

    "A bank account opens up a consumer’s access to not only their own money and a lack of fees, but it is essential to creating long-term financial health," argues one Washington advocate attuned to unbanked issues.

    By Devina Khanna • July 21, 2021
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    Sean Gallup via Getty Images

    Why cybersecurity keeps payments executives up at night

    Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.

    By Mercedes Cardona • July 19, 2021
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    Chip Somodevilla via Getty Images

    Powell clarifies timeline on Fed CBDC paper

    In two congressional hearings this week, lawmakers grilled the central bank chair on digital dollar development and pressed for his second term — or a change in leadership.

    By Dan Ennis • July 16, 2021
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    Chip Somodevilla via Getty Images

    Fed seeks to dismiss or move retailers' North Dakota lawsuit

    Retail associations' case against the Fed's setting of debit fee caps is resurfacing familiar arguments from a prior battle over the issue. 

    By July 16, 2021
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    Courtesy of American Express

    It's CardX versus AmEx at state capitols nationwide

    The startup CardX is fighting American Express from coast to coast as states reassess whether merchants should be able to slap surcharges on credit card purchases.

    By July 15, 2021
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    Jack Taylor / Stringer via Getty Images

    CBDCs could give 'clean slate' for cross-border payments, BIS report says

    Global coordination for central bank digital currency "designs could lead to more efficient cross-currency and cross-border payments,” the Bank for International Settlements report this week said.

    By July 13, 2021
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    Chip Somodevilla via Getty Images

    Trade group seeks Biden antitrust focus on payments

    The Merchants Payments Coalition kept up its crusade to draw federal attention to what it calls "anti-competitive" swipe fees.

    By July 13, 2021
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    Rick T. Wilking via Getty Images

    Colorado scraps ban on credit card surcharges

    Colorado is the latest state to allow surcharges on credit card transactions, leaving only two with bans amid a nationwide move away from them.

    By July 09, 2021
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    Chip Somodevilla via Getty Images

    Clash over debit card routing persists in comments to Fed

    A battle running for decades regarding the fees that card processors can charge on debit transactions is showing up again in comments regarding a Federal Reserve proposal to clarify rules on the issue.

    By July 08, 2021
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    Retrieved from ATPC on July 07, 2021

    Payments industry trade group taps new chair

    The American Transaction Processors Coalition picked a new board leader as it maps out new initiatives, including expanding its activities at the state level.

    By July 07, 2021
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    Dan Kitwood via Getty Images

    Binance.US hires ex-leader of California's 'mini-CFPB'

    Manny Alvarez is joining Binance.US after leaving the California Department of Financial Protection and Innovation. He will oversee risk, compliance and legal developments at the company under Binance.US CEO Brian Brooks, who formerly led the Office of the Comptroller of the Currency.

    By Dan Ennis • July 07, 2021