Discover concludes student loan probe

While the card company said it has finished its own investigation into its student loan servicing practices, it may still be subject to regulatory probes.

By Caitlin Mullen • Nov. 16, 2022

Nacha, Fed, Clearing House offer late night payments

The Federal Reserve and The Clearing House have launched late night ACH payments, speeding up the processing of some payments.

By Tatiana Walk-Morris • Nov. 16, 2022

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

Fiserv ‘maniacally focused’ on expense management

When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignano said the company knows what levers to pull “to manage the expense line.”

By Caitlin Mullen • Nov. 15, 2022

FTX files for bankruptcy, CEO steps down

FTX.com’s assets were frozen in the Bahamas, where the company is headquartered. Crypto lender BlockFi also paused withdrawals because of its exposure to FTX.

By Gabrielle Saulsbery • Nov. 11, 2022

Musk pushes Twitter toward payments

“Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Musk. “We need money transfer licenses for that, which we’ve applied for.”

By Anna Hrushka • Nov. 11, 2022

CBDC could accelerate cross-border payments: NY Fed

Researchers designed a prototype digital currency that cleared cross-border transactions within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

By Rajashree Chakravarty • Nov. 10, 2022

Preparing for the CBDC era

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

By Lance Homer • Nov. 9, 2022

How active shooters pay for guns

Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A Payments Dive series tracking those details seeks to inform the discussion.

By Payments Dive staff • Updated Dec. 13, 2022

FedNow gives fee holiday in 2023

Federal Reserve banks introducing the new instant payments system next year will jettison customer transfer and participation fees for the launch.

By Lynne Marek • Nov. 7, 2022

Warren urges CFPB crackdown on Zelle fraud

Sen. Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

By Anna Hrushka • Oct. 31, 2022

Papaya builds cross-border payroll services

The well-funded startup is taking on big clients and rivals in seeking to offer cross-border payroll payment services, with checks sent to workers in 72 hours.

By Lynne Marek • Oct. 28, 2022

CFPB aims to give ‘open banking’ rule teeth in 2024

The bureau's chief, Rohit Chopra, laid out the timeline this week for a rule change meant to make it easier for consumers to break up with their banks.

By Gabrielle Saulsbery • Oct. 26, 2022

FedNow will be a ‘public utility model,’ Waller says

The central bank governor equated the nascent system with an interstate highway on which private companies will provide "on-ramps" and "off-ramps."

By Lynne Marek • Oct. 26, 2022

Fintechs party like it’s 2021 at Money 20/20

Thousands of payments and fintech professionals at the Money 20/20 conference in Las Vegas this week are racing ahead with high-growth businesses, even as a drop-off in capital threatens to ruin the celebration.

By Lynne Marek • Oct. 25, 2022

CFPB seeks to jettison ‘junk data’ in credit reports

Companies must have policies and procedures to detect and remove inconsistencies and “obvious impossibilities” in credit data, the CFPB said.

By Anna Hrushka • Oct. 24, 2022

Ammo to launch its own online payments processing

The Scottsdale, Arizona company said that bringing the payments aspect of transactions in-house, as opposed to using third parties, will allow it to reduce costs.

By Jonathan Berr • Oct. 21, 2022

PayPal user policy sparks Republican ire

Congressional Republicans this week demanded more details from PayPal over a proposed user policy that threatened to take users to task over “misinformation.”

By Lynne Marek • Oct. 20, 2022

CFPB sues Global Payments unit

The Consumer Financial Protection Bureau sued Active Network, a unit of Global Payments, saying the company used “dark patterns” to unlawfully extract $300 million from consumers.

By Lynne Marek • Oct. 19, 2022

FedNow may stumble without nonbanks, cross-border payments

“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based Wise executive.

By Rina Wulfing • Oct. 18, 2022

Fed’s Waller expresses skepticism on CBDC

Launching a digital currency could introduce costs and risks posing harm to the U.S. dollar's standing internationally, Waller said. The dollar’s primacy, he added, has little to do with technology.

By Gabrielle Saulsbery • Oct. 17, 2022

Fintechs clamor for FedNow access

Nonbank fintechs are pushing for access to the new federal faster payments system as its launch date next year approaches.

By Lynne Marek • Oct. 17, 2022

Warren roasts Wells Fargo’s ‘severely bad performance’ on Zelle fraud

Four of the seven banks that own Zelle reported data to the senator, but she focused her attention on Wells CEO Charlie Scharf in a letter Thursday.

By Gabrielle Saulsbery • Oct. 14, 2022

Stripe CEO praises European regulation over US

Patrick Collison, who founded the company with his brother, gave an edge to the European Union in creating a regulatory regime where fintechs are thriving.

By Lynne Marek • Oct. 13, 2022

4 takeaways from Michael Barr’s DC Fintech Week speech

The Federal Reserve’s vice chair for supervision stressed caution for banks’ ties to crypto and spotlighted how stablecoins differ from other digital assets.

By Dan Ennis • Oct. 13, 2022

Durbin credit card amendment hits speed bump

U.S. Sen. Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month.

By Lynne Marek • Oct. 12, 2022