Senators urge BNPL crackdown

Three Democratic U.S. senators pressed the Consumer Financial Protection Bureau to bring big buy now, pay later providers under federal oversight.

By Caitlin Mullen • March 28, 2023

BNPL remains mainly absent from consumer credit histories

The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

By Caitlin Mullen • March 27, 2023

Explore the Trendline➔

Top 5 stories from Payments Dive

The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

By Payments Dive staff

3 ways to increase on-time payments during an economic downturn

Discover how to increase on-time payments and make flexibility and payment convenience a priority at your business.

March 27, 2023

CFPB funding is constitutional, 2nd Circuit court rules

The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.

By Anna Hrushka • March 24, 2023

CFPB seeks to improve credit card transparency

The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

By Tatiana Walk-Morris • March 24, 2023

FedNow attracts real-time payments early adopters

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

By Lynne Marek • March 23, 2023

Bank failures could cause SMB credit crunch

The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.

By Anna Hrushka • March 22, 2023

Nacha CEO counts FedNow as competition

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

By Caitlin Mullen • March 21, 2023

Amex shareholders to vote on abortion-related proposal

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

By Caitlin Mullen • March 21, 2023

Apto Payments, Sardine team on anti-fraud tools

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

By Tatiana Walk-Morris • March 20, 2023

Brex, other fintechs stand by troubled banks

After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 17, 2023

Democrats slam card CEOs on gun code

A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.

By Caitlin Mullen • March 16, 2023

Payments execs detail SVB impact

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

By Caitlin Mullen , Lynne Marek • March 16, 2023

FedNow aims for late end of launch period

The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.

By Lynne Marek • March 16, 2023

Visa, Mastercard depict bank failure impact

As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.

By Lynne Marek • March 15, 2023

Fiserv, Jack Henry CEOs react to bank crisis

Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

By Caitlin Mullen , Lynne Marek • March 15, 2023

Payments players caught in SVB fallout

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

By Lynne Marek , Caitlin Mullen • March 13, 2023

Amex follows rivals in ditching gun code

Visa, Mastercard, Amex and Discover all said separately Thursday they’re holding off on earlier plans to implement a new gun merchant category code on their card networks.

By Caitlin Mullen • March 9, 2023

FedNow may draw in low-income users

The real-time payments system due later this year could have particular appeal to unbanked and underbanked Americans, Fed researchers say.

By Lynne Marek • March 9, 2023

Walmart shooter likely used card to buy gun

The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

By Debbie Carlson • March 7, 2023

Behind Synchrony’s decision to join Project Black

The private label card issuer decided it needed to do more to support entrepreneurs of color and women business owners so it teamed up with Ariel Alternatives.

By Tatiana Walk-Morris • March 6, 2023

Senators urge regulators to keep close eye on Zelle

Five Democrats blasted the platform for its use of murky language, such as “authorized” transactions, in fraud-related reimbursements of customers.

By Rajashree Chakravarty • March 6, 2023

Jack Henry, ACI pounce on FedNow

The companies are gearing up to add U.S. real-time services for customers with the mid-year launch of the Federal Reserve instant payments system.

By Lynne Marek • March 3, 2023

Synchrony, Bread brace for potential late fee cap impact

If a late fee cap is imposed by the Consumer Financial Protection Bureau, the companies may curtail credit and seek other offsets, executives said this week.

By Caitlin Mullen • March 3, 2023

Visa aims to lower credit surcharge

The card network plans to reduce the credit card surcharge that merchants can impose on consumers, but the proposal is facing pushback.

By Lynne Marek • March 2, 2023