Senators reintroduce bill to bar CBDC

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

By Lynne Marek • Feb. 10, 2025

Treasury responds to concerns about Musk ‘meddling’

A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.

By Lynne Marek • Feb. 6, 2025

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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

Fiserv doubles down on embedded finance

Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.

By Patrick Cooley • Feb. 6, 2025

Sanders, Hawley introduce credit card interest rate cap bill

In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.

By Lynne Marek • Feb. 5, 2025

Cash App, Venmo app downloads decline

Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.

By Patrick Cooley • Feb. 5, 2025

Democrats decry Trump payments policy upheaval

Congressional Democrats criticized Trump administration moves at the Treasury Department and Consumer Financial Protection Bureau that suggest changes to federal government payments and policies.

By Lynne Marek • Feb. 4, 2025

Gamers support CFPB video game payments rule

Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.

By Patrick Cooley • Feb. 4, 2025

Chopra finally exits CFPB as Bessent steps in

The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.

By Dan Ennis • Feb. 3, 2025

What’s coming for the payments industry in 2025

Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.

By Payments Dive staff • Jan. 31, 2025

Worldpay tackles fraud-fighting in new ways

The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.

By Lynne Marek • Jan. 30, 2025

Apple, Google coalition seeks to skirt payments rule

Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.

By Patrick Cooley • Jan. 29, 2025

Fintechs may gain at banks’ expense in Trump era

The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.

By Lynne Marek • Jan. 28, 2025

Trade group leader discusses BNPL security and appeal

American Fintech Council CEO Phil Goldfeder discussed the reasons consumers have started using buy now, pay later services in greater numbers, and why they return to the emerging payment method.

By Patrick Cooley • Jan. 27, 2025

Amex posts 2024 records for payments volume, fees

The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.

By Patrick Cooley • Jan. 24, 2025

Discover Q4 payments volume drops

The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.

By Patrick Cooley • Jan. 24, 2025

Trump order embraces stablecoins, bars CBDCs

President Trump issued a “digital financial technology” executive order backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.

By Lynne Marek • Jan. 23, 2025

Fiserv names Bisignano’s successor

The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.

By Patrick Cooley • Jan. 23, 2025

Chopra delivers last-minute digital payment edicts

The Consumer Financial Protection Bureau made a bid in the last days of the Biden administration to better protect consumers using digital payments tools.

By Lynne Marek • Jan. 22, 2025

Stripe pushes out 300 employees

Despite the 3.5% cut to the payments services company’s headcount, it still plans to increase its total employee headcount to 10,000 by the end of the year, up from 8,200 now.

By Patrick Cooley • Jan. 22, 2025

CFPB to consider broader ban on declined payment fees

The Consumer Financial Protection Bureau withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive approach” faces an uncertain future in the Trump administration.

By Lynne Marek • Jan. 21, 2025

Judge partially halts Illinois law ending card fees for taxes, tips

Banks seeking to halt a new Illinois law that bars credit card interchange fees on taxes and tips succeeded on one front, but not another, at least for now.

By Lynne Marek • Jan. 17, 2025

Why enabling FedNow ‘send’ matters

Financial institutions that “fail to adopt both send and receive functions may be exposing their organizations to competitive disadvantages as well as reputational risks,” writes one industry executive.

By Mihail Duta • Jan. 17, 2025

Amex pays $230M to resolve DOJ allegations

The credit card giant misrepresented features of some credit cards targeting small businesses and entered false information on card applications, the Justice Department alleged.

By Patrick Cooley • Jan. 16, 2025

Shift4 makes $4.7M in undisclosed payments to executives’ relatives

The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.

By Patrick Cooley • Jan. 16, 2025

Block agrees to pay $255M to regulators for Cash App deficiencies

The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.

By Lynne Marek • Jan. 16, 2025