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

Explore the Trendline➔

Top 5 stories from Payments Dive

Dominant card networks, legacy payments processors and young fintechs are all jockeying to keep up with industry innovations and increased competition.

By Payments Dive staff

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

Court approves Mastercard settlement

The card network entered the agreement to settle a proposed class action that alleged it discriminated against Black, Hispanic and female employees by underpaying them.

By Lynne Marek • Updated Aug. 11, 2025

Buy now, pay later users pile on debt, CFPB finds

Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.

By Patrick Cooley • Jan. 14, 2025

Payments laws apply to online games, CFPB says

Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.

By Patrick Cooley • Jan. 13, 2025

RTP payments surged 38% last year

The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.

By Lynne Marek • Jan. 10, 2025

Payments plays gather momentum in 2025: 6 industry trends to watch

Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.

By Lynne Marek and Patrick Cooley • Jan. 9, 2025

Fintech Dave alters fee structure, blasts DOJ over amended lawsuit

The cash advance online platform called the lawsuit “a continued example of government overreach.”

By Rajashree Chakravarty • Jan. 9, 2025

Will Trump and Sanders lock arms to cap credit card interest rates?

The senator and incoming president partnering on a cap proposal may not be as far-fetched as the payments and banking industries would hope.

By Lynne Marek • Jan. 7, 2025

CFPB details BNPL, EWA supervision for first time

In its latest supervisory overview, the Consumer Financial Protection Bureau included a review of buy now, pay later and earned wage access examinations.

By Lynne Marek • Jan. 6, 2025

Merchants, banks spar over Fed’s debit card fee proposal

Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

By Lynne Marek • Jan. 3, 2025

Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges

A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.

By Peyton Bigora • Jan. 3, 2025

CFPB takes aim at gambling card fees

The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.

By Patrick Cooley • Dec. 19, 2024

BVNK raises $50M to fuel US expansion

The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.

By Tatiana Walk-Morris • Dec. 18, 2024