Trump interest rate cap draws criticism

Fewer people would be approved for credit cards, and credit card issuers would offer fewer perks, opponents of the longshot proposal say.

By Patrick Cooley • Sept. 30, 2024

Fed dissects consumer use of digital payments

While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

By Tatiana Walk-Morris • Sept. 30, 2024

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

FDX seeks to become open banking standard-setter

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

By Patrick Cooley • Sept. 26, 2024

Moneygram faces backlog after outage

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

By Lynne Marek • Sept. 26, 2024

How Visa stymied big tech rivals

The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.

By Lynne Marek • Sept. 25, 2024

Sezzle evolves alongside BNPL industry

The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive.

By Patrick Cooley • Sept. 25, 2024

DOJ suit accuses Visa of illegal debit payment monopoly

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

By Justin Bachman • Sept. 24, 2024

Visa faces possible DOJ lawsuit, news reports say

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

By Lynne Marek • Sept. 24, 2024

Stripe shows signs of IPO, despite co-founder comments

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

By Patrick Cooley • Updated Sept. 26, 2024

Love’s adds digital payment method

The convenience store operator turned to Relay Payments to allow truck drivers to pay securely at most of their fueling locations.

By Jessica Loder • Sept. 23, 2024

Amazon, Google stake out bigger foothold in payments

The tech giants are inserting themselves into more retail transactions to build loyalty and harvest customer data.

By Patrick Cooley • Sept. 23, 2024

Walmart, Fiserv team to offer real-time payments

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

By Lynne Marek • Sept. 20, 2024

Amazon adds PayPal option to Buy with Prime

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

By Tatiana Walk-Morris • Sept. 20, 2024

Affirm CEO stakes out differences with Klarna

Affirm makes money off transactions, whereas Klarna has revenue from marketing, Affirm CEO Max Levchin contended.

By Patrick Cooley • Sept. 19, 2024

Who really pays for your credit card reward points?

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

By Parth Vatsal • Sept. 19, 2024

Credit Card Competition bill backers keep pressure on

Republican Sen. Roger Marshall has a new ad pitching the Credit Card Competition Act proposal aimed at dislodging Visa and Mastercard’s dominance.

By Lynne Marek • Sept. 19, 2024

Mastercard CFO to continue working after cancer diagnosis

Decisions on medical disclosures can be challenging for companies. Mastercard’s approach drew high marks from some corporate governance experts.

By Maura Webber Sadovi • Sept. 18, 2024

Apple launches Affirm BNPL option

Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.

By Lynne Marek • Sept. 17, 2024

Block shuffles leadership, creates chief risk officer role

Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

By Patrick Cooley • Sept. 17, 2024

Visa, Mastercard enable rail transit payment in Beijing

The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.

By Lynne Marek • Sept. 16, 2024

FTC cracks down on subscription traps

The Biden-Harris administration is taking to task companies that trap consumers in recurring subscriptions and make it nearly impossible to cancel.

By Kristen Doerer • Sept. 16, 2024

CFPB sues credit card company over excessive fees

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

By Patrick Cooley • Sept. 16, 2024

U.S. Bank rolls out access to Paze digital wallet

The bank began offering the payments option from Early Warning Services to its credit and debit cards customers this week.

By Patrick Cooley • Sept. 13, 2024

Ansa debuts in-store digital wallet capabilities

Ansa last week launched a software development kit, which can be patched onto the code of a brand’s mobile app. “The pain’s on our side to make sure all their systems talk,” co-founder Sophia Goldberg said.

By Gabrielle Saulsbery • Sept. 13, 2024

Global Payments CEO reshapes the business

The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

By Lynne Marek • Sept. 11, 2024