Regulations & Policy: Page 8

  • After signing a series of executive orders and proclamations, Trump spoke to reporters about a range of topics including recent negotiations with Mexico on tarriffs.
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    Anna Moneymaker/Getty Images via Getty Images
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    Trump names coins in strategic crypto reserve

    Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

    By Gabrielle Saulsbery • March 4, 2025
  • People standing at a conference booth with a Visa logo overhead.
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    Lynne Marek/Payments Dive
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    Visa lays out blueprint for global growth

    As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.

    By • March 3, 2025
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    1401461124 via Getty Images
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    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's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Q&A

    Fiserv exec talks real-time payments and challenges

    Matt Wilcox, president of digital payments solutions for Fiserv, discussed the company’s plans for making real-time payments ubiquitous, and the hurdles to reaching that goal.

    By • March 3, 2025
  • Shot of a young woman relaxing on the sofa and using a credit card with a digital tablet
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    gradyreese via Getty Images
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    NCR Voyix links with Worldpay, reports revenue drop

    The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.

    By Tatiana Walk-Morris • Feb. 28, 2025
  • Four people sit at a long table with microphones in front of them, with a crowd of people seated behind them, in a Congressional building.
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    Kayla Bartkowski / Staff via Getty Images
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    Democrats needle McKernan at nomination hearing

    Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined up to be the No. 1 horse at the glue factory.”

    By Caitlin Mullen • Feb. 27, 2025
  • Patrick and John Collison, Stripe co-founders
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    Stripe bids for worker shares in offer worth $91.5B

    The payments processing company will join with some of its investors to buy stock from current and former employees, Stripe said Thursday.

    By • Feb. 27, 2025
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Gen Z uses BNPL more than credit cards, survey shows

    A J.D. Power survey of about 4,300 U.S. consumers found that more of them used buy now, pay later products than credit cards during the holiday shopping season last year.

    By • Feb. 27, 2025
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    FedNow boosts send option to $1M

    Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

    By • Feb. 27, 2025
  • Mastercard Richard Verma
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    Noam Galai via Getty Images
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    Mastercard taps State Dept official for top role

    Richard Verma will rejoin the company this spring as chief administrative officer, overseeing legal and government affairs, Mastercard said Wednesday.

    By Justin Bachman • Feb. 27, 2025
  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex, Alipay target fast-growing China market

    The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.

    By • Feb. 26, 2025
  • An elderly person in a suit speaking into a microphone.
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    Anna Moneymaker via Getty Images
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    Durbin to reintroduce credit card competition bill

    The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.

    By • Feb. 25, 2025
  • Stripe CEO Patrick Collison
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    Matt Winkelmeyer via Getty Images
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    Stripe employee share sale may mean delayed IPO

    An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.

    By • Feb. 25, 2025
  • solo funds team
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    Permission granted by SoLo Funds
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    CFPB drops case against SoLo Funds

    The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said.

    By Caitlin Mullen • Feb. 24, 2025
  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    Block begins rollout of Afterpay on Cash App debit card

    The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.

    By • Feb. 21, 2025
  • Michael Barr, Federal Reserve Board official, speaks during a Congressional hearing as other people sit behind him.
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    Alex Wong / Staff via Getty Images
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    Fed’s Barr warns of weaker regulation, supervision

    The Fed board, he said, should resist initiatives that impede effective supervision by discouraging examiners to flag issues early, or ones that add to the process unnecessarily, he said.

    By Rajashree Chakravarty • Feb. 21, 2025
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    Michael M. Santiago via Getty Images
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    23 AGs line up behind Baltimore in CFPB case

    Efforts to shutter the agency are against public interest, the AGs said. The CFPB’s attorneys argue it’s in the public interest to act “consistent[ly] with the philosophy of a new administration brought about by a national election."

    By Dan Ennis • Feb. 21, 2025
  • Growing bar graph from US dollar banknotes
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    DavidLeshem via Getty Images
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    Opinion

    How stablecoins may extend US dollar supremacy

    “Dollar-based stablecoins such as USDT and USDC are traded all over the world at any time of the day, regardless of holidays, time zones, and whether markets are open or closed,” writes the CEO of an embedded finance company.

    By Bam Azizi • Feb. 20, 2025
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Waller sees stablecoins advancing in retail

    Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

    By • Feb. 20, 2025
  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Cap One, Discover shareholders approve merger

    Stockholders of the two companies approved the big bank's $35.3 billion acquisition in separate meetings Tuesday.

    By • Feb. 19, 2025
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC. People walk by.
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    Chip Somodevilla via Getty Images
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    Fed delays start of new Fedwire standard

    The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

    By • Feb. 19, 2025
  • Workers sit at computers on tables in a room, covering their faces with various objects.
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    Ezra Acayan via Getty Images
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    Payments players mull new approaches to fraud

    Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.

    By • Feb. 18, 2025
  • A phone featuring the Facebook and Instagram apps.
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    Kenneth Cheung via Getty Images
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    How payment scams start on social media

    Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

    By • Feb. 18, 2025
  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Georgia special charter attracts another applicant

    The move follows the approval of payment processing company Fiserv’s application, which was approved in October, but payments industry consultants say the path to using such a charter is a rocky one.

    By • Feb. 13, 2025
  • Tampa, Florida, skyline is pictured at dusk
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    Sean Pavone via Getty Images
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    Wise to close Tampa office, cut 300 employees

    The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.

    By Rajashree Chakravarty • Feb. 12, 2025
  • The exterior of the Consumer Financial Protection Bureau building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Ex-FDIC official McKernan tapped to lead CFPB

    The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.

    By Dan Ennis • Feb. 12, 2025