Regulations & Policy


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    Milko via Getty Images
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    Consumers, businesses gravitate to faster, mobile payments

    As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

    By May 26, 2023
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    Joe Raedle / Staff via Getty Images
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    Debit network players gear up for July

    Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

    By May 26, 2023
  • Lock and credit card showing security theme Explore the Trendline
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    NatalyaBurova via Getty Images
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    Trendline

    Fraud concerns mount as verifying identities becomes harder

    Criminals are increasingly taking on false identities to persuade victims to send them payments in email, payroll and vendor scams.

    By Payments Dive staff
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    jariyawat thinsandee via Getty Images
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    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

    By May 25, 2023
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    Permission granted by Citizens Financial Group
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    Citizens Bank to pay $9M to settle disputed-charge suit

    The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

    By Dan Ennis • May 24, 2023
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    Courtesy of Uber
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    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

    By Brian Tate • May 24, 2023
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    Alex Wong / Staff via Getty Images
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    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

    By May 22, 2023
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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

    By May 22, 2023
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    Stock photo via Getty Images
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    Bill Holdings discloses ‘material weakness’

    Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”

    By May 19, 2023
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    Vadym Petrochenko via Getty Images
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    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

    By Tatiana Walk-Morris • May 19, 2023
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    Justin Sullivan via Getty Images
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    PayPal considers Xoom sale: report

    The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

    By May 17, 2023
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    David McNew / Stringer via Getty Images
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    Discover pursues ESG goals

    The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

    By Tatiana Walk-Morris • May 12, 2023
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    Pexels/RODNAE Productions

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    Everee takes on EWA providers

    The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.

    By May 11, 2023
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    Chip Somodevilla via Getty Images
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    Senators call out banks on card late fees

    A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.

    By May 9, 2023
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    Stock via Getty Images
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    Synchrony, Wells Fargo, Bread Financial lead medical credit card market: CFPB

    The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the agency said in a report.

    By Tatiana Walk-Morris • May 8, 2023
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    Joe Raedle via Getty Images
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    Block boosts compliance spending to $160M

    Square parent Block is increasing compliance spending on personnel and software this year.

    By May 5, 2023
  • CFPB Director Rohit Chopra
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    Chip Somodevilla via Getty Images
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    Battle ensues over CFPB proposal to cap late fees

    Supporters and opponents of the CFPB’s proposal to cap late fees at $8 clashed in comments to the agency in recent weeks.

    By May 5, 2023
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    Courtesy of Chargebacks911
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    Chargebacks911 appoints new CEO

    The promotion for the company’s COO and founder comes as the returns management firm faces regulatory scrutiny over its business practices. 

    By Tatiana Walk-Morris and Lynne Marek • May 3, 2023
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    mikkelwilliam via Getty Images
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    Andreessen Horowitz partners spy payments play

    Gaming, cannabis and telehealth are some of the “high-risk” niches that would benefit from more vertical-specific payments software, two partners for the firm contend.

    By May 3, 2023
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Payments Dive
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    FDIC proposes higher insurance coverage for payroll accounts

    Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts — would merit higher deposit insurance coverage.

    By Anna Hrushka • May 2, 2023
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    Courtesy of Mastercard
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    Mastercard ‘cannot afford to ignore’ AI, CEO says

    The card network company is considering using artificial intelligence in more ways, including in customer service, CEO Michael Miebach said.

    By April 28, 2023
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    bpperry via Getty Images
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    Justice debit probe draws in Mastercard

    The Justice Department’s antitrust division issued a civil investigative demand to the card company as part of a debit card probe that has also entangled its larger rival Visa.

    By April 28, 2023
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    Payments increasingly in regulatory crosshairs, industry lawyers say

    Attorneys and payments professionals called out recent areas of interest for regulators during the Electronic Transactions Association’s conference this week in Atlanta.

    By April 27, 2023
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    metamorworks via Getty Images
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    Opinion

    Swift executive calls for payments standardization

    “As a standardized format, ISO 20022 creates a common language for international payments the world over,” writes an executive in support of industry collaboration.

    By Stephen Lindsay • April 26, 2023
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    Ilya S. Savenok / Stringer via Getty Images
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    Fiserv lines up bank clients for FedNow

    The mega processor has a handful of bank customers in the Federal Reserve’s real-time payments pilot, and a pack signed up for services after the system’s July launch. It’s part of the company’s growth strategy.

    By April 26, 2023
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Payments Dive
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    Opinion

    FedNow won’t bring ‘tidal wave’ of change

    “Payments solutions reach scale when they provide better usability, affordability, and security,” write partners at a San Francisco venture capital firm.

    By Kevin Jacques and Ben Malka • April 21, 2023