Credit card delinquencies mount, Fed says

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

By Lynne Marek • Nov. 27, 2024

BNPL use may rise this year for holiday shopping

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

By Patrick Cooley • Nov. 27, 2024

Explore the Trendline➔

Payments players eye digital B2B opportunity

Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.

By Payments Dive staff

Visa to boost credit card fees next year

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

By Lynne Marek • Nov. 25, 2024

Richmond Fed seeks more CapOne-Discover input

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

By Lynne Marek • Nov. 22, 2024

CFPB tweaks big tech payments rule

In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

By Lynne Marek • Nov. 21, 2024

Amazon now accepts EBT card payments

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

By Patrick Cooley • Nov. 21, 2024

PayPal CEO pushes beyond payments

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

By Lynne Marek • Nov. 20, 2024

Senate grills Visa, Mastercard executives over swipe fees

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

By Lynne Marek • Nov. 19, 2024

Google Pay adds Afterpay BNPL services

Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.

By Patrick Cooley • Nov. 19, 2024

State interchange fee legislation makes meager progress

As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

By Lynne Marek • Nov. 18, 2024

Mastercard aims to cancel manual card entry by 2030

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

By Tatiana Walk-Morris • Nov. 15, 2024

Durbin gives credit card bill another Senate push

Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

By Lynne Marek • Nov. 14, 2024

Klarna files for IPO

The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

By Patrick Cooley • Nov. 13, 2024

Will Shift4 scoop up Lightspeed?

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

By Lynne Marek • Nov. 11, 2024

Open banking to move toward FDX standard

Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

By Lynne Marek • Nov. 11, 2024

The future of embedded finance and payments

Savvy SaaS platforms increasingly seek growth not through user acquisition alone, but through service expansion and lifting average revenue per user.

Nov. 11, 2024

Visa pinpoints rising fraud threats

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

By Tatiana Walk-Morris • Nov. 10, 2024

Afterpay to arrive on 24M Cash App cards

The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

By Patrick Cooley • Nov. 8, 2024

Remitly, Payoneer cross-border payments climb

Payments volume soared for the money transfer fintechs during the third quarter. Meanwhile, revenue at legacy rival Western Union slipped.

By Lynne Marek • Nov. 8, 2024

How Trump’s administration may rework payments policies

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

By Lynne Marek and Patrick Cooley • Nov. 7, 2024

Paze gets new leader amid slow start

Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service. 

By Patrick Cooley • Nov. 7, 2024

Fiserv exec opens up on Walmart, DoorDash partnerships

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

By Patrick Cooley • Nov. 6, 2024

Sheetz accepting crypto at all locations

After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

By Jessica Loder • Nov. 5, 2024

DOJ’s Visa suit is unfounded

The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

By Aurelien Portuese • Nov. 5, 2024

Mastercard gains edge in ancillary services

The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.

By Lynne Marek • Nov. 5, 2024