Cash App profits disappoint

Block reported just 10% growth in first-quarter gross profit for Cash App, even after it added Afterpay to Cash App debit cards.

By Patrick Cooley • May 12, 2025

Indiana passes EWA law

The state follows others, including Nevada and Wisconsin, in instituting licensing requirements for earned wage access providers.

By Tatiana Walk-Morris • May 7, 2025

Explore the 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

CFPB spurns BNPL rule

The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice.

By Lynne Marek , Patrick Cooley • May 7, 2025

Warren, Waters urge Fed to reconsider Capital One-Discover

The Democratic lawmakers blasted the central bank’s “analysis, or lack thereof,” arguing the Fed “parroted assertions made by Capital One.”

By Dan Ennis • May 6, 2025

Senate to vote on Fiserv CEO for SSA post

The Senate Finance Committee chair urged colleagues to support Frank Bisignano to become head of the Social Security Administration when they vote on his nomination this week.

By Patrick Cooley • May 5, 2025

Shift4 turns to restaurants for future growth

The payment processor has signed thousands of restaurants in Europe and expects to delve deeper into that business.

By Patrick Cooley • May 5, 2025

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

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 Patrick Cooley • April 22, 2025

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 Patrick Cooley • April 21, 2025

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 Lynne Marek • April 18, 2025

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 Patrick Cooley • April 17, 2025

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 Patrick Cooley • April 15, 2025

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 Lynne Marek • April 11, 2025

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 Lynne Marek • April 10, 2025

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 Patrick Cooley • April 10, 2025

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 Patrick Cooley • April 9, 2025

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 Patrick Cooley • April 8, 2025

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

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 Patrick Cooley • April 7, 2025

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

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

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 Patrick Cooley • April 2, 2025

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

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 Patrick Cooley • April 1, 2025

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 Patrick Cooley • March 31, 2025