Risk

  • Two people use side-by-side ATMs.
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    Justin Sullivan / Staff via Getty Images
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    ATM provider Hyosung Americas issues security alert

    The cash machine maker called for a software update, with locations in the Northeast and on the West Coast particularly at risk.

    By Tatiana Walk-Morris • April 28, 2025
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    mikkelwilliam via Getty Images
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    Instant payments could improve video games: KC Fed

    Moving away from in-game currencies may make the gaming experience simpler for players and reduce costs for video game companies, Kansas City Fed specialists argue.

    By • April 22, 2025
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    tommy via Getty Images
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    Trendline

    Payments industry seeks to keep pace with fraudsters

    As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

    By Payments Dive staff
  • A sign for Discover Financial Services
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    Scott Olson via Getty Images
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    Fed, FDIC force more oversight of Discover

    The Federal Reserve and the FDIC penalized the card network for overcharging merchants on interchange fees and said the company must pay $250 million in fines, make restitution to merchants, and change its practices as a condition to merging with Capital One.

    By • April 21, 2025
  • A ballpoint pen sits with its tip on a check.
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    fluxfoto/E+ via Getty Images
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    Paper check use surged last year, AFP says

    Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.

    By • April 18, 2025
  • Juice bar merchant takes card for transaction.
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    jacoblund via Getty Images
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    Pay-by-bank should offer perks: Deloitte

    Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.

    By • April 17, 2025
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Credit card 90-day delinquencies rise to record: report

    The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.

    By • April 15, 2025
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Block agrees to pay $40M New York penalty

    The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

    By • April 11, 2025
  • Two people stand behind a counter looking out from behind a white computer display.
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    Courtesy of Square
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    PayPal, Block and others face recession risk: analysts

    As President Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.

    By • April 10, 2025
  • Shift4 CEO Jared Isaacman
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    Courtesy of Shift4. Shift4 CEO Jared Isaacman
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    Shift4 CEO grilled by senators on Musk, SpaceX ties

    The lawmakers questioned Jared Isaacman on whether he would remain independent of Musk if he is confirmed to lead NASA.

    By • April 10, 2025
  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv acquires Australian payment facilitator Pinch

    The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.

    By • April 9, 2025
  • Donald Trump holds up a hat as he signs an executive order while sitting at his desk in the Oval Office
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    Alex Wong / Staff via Getty Images
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    Fiserv says US trade war could harm demand

    The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.

    By • April 8, 2025
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    Dilok Klaisataporn via Getty Images
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    Do growing fintechs need more federal regulation?

    State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

    By Justin Bachman • April 8, 2025
  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    Stripe seeks Georgia special banking charter

    If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.

    By • April 7, 2025
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    Joe Raedle via Getty Images
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    Debit cards top Fed’s fraud troubles list: survey

    Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.

    By Tatiana Walk-Morris • April 4, 2025
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    Ezra Acayan via Getty Images
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    Fed raises alarm on synthetic identity fraud

    The use of generative AI and fraudulently obtained accounts to execute synthetic identity fraud is on the rise, a Federal Reserve official said in a podcast interview.

    By Tatiana Walk-Morris • April 3, 2025
  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex opposes shareholder proposals

    A conservative legal group wants American Express to consider eliminating diversity goals to determine financial incentives for executives. A spokesperson for the card issuer says it no longer uses those goals in evaluating executive performance.

    By • April 2, 2025
  • US Capitol House of Representatives
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    Chip Somodevilla via Getty Images
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    House plans vote to kill CFPB payments rule

    The chamber’s measure revoking bureau oversight of large tech payments players has passed the Senate and would next head to an approving Trump.

    By Justin Bachman • Updated April 2, 2025
  • Two people sending money to each other through a digital wallet app on their smartphones.
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    MStudioImages via Getty Images
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    EWS drops Zelle standalone app

    Zelle users will need to turn to their online banking portals starting today in light of Early Warning Services proceeding as planned with the shutdown of its Zelle app this month.

    By • April 1, 2025
  • Shopify partners with Affirm.
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    Courtesy of Affirm
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    Affirm COO: Walmart deal was “uneconomic”

    Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.

    By • March 31, 2025
  • A branch of Citibank in the Financial District of San Francisco, California is pictured on February 9, 2020.
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    hapabapa via Getty Images
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    CFPB nixes filing in case tied to Electronic Funds Transfer Act

    The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

    By Gabrielle Saulsbery • March 27, 2025
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Block shrinks workforce 8%

    The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

    By • March 27, 2025
  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv CEO faces fire for Social Security cuts

    Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

    By • March 25, 2025
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm, other BNPL players ratchet up credit bureau reporting

    At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

    By • March 24, 2025
  • The Federal Trade Commission emblem on the Constitution Center in Washington, D.C.
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    Laurel Deppen/Payments Dive
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    Bank transfer fraud losses outpace crypto

    The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

    By • March 21, 2025
  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv acquires Dutch payment company CCV

    The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

    By • March 19, 2025