Amazon will accept Venmo next year

"Pay with Venmo is one of the key revenue drivers for Venmo going forward," PayPal CEO Dan Schulman said.

By Jonathan Berr • Nov. 9, 2021

CFPB's hard line with payments industry may be a hint of things to come

Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

By Jonathan Berr • Nov. 8, 2021

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

Toomey cautions against proposal to regulate stablecoin issuers as banks

"I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

By Anna Hrushka • Nov. 8, 2021

Valley Bank unveils payments app for cannabis businesses

Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

By Anna Hrushka • Oct. 27, 2021

Ransomware activity soars, Treasury finds

The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

By Samantha Schwartz • Oct. 19, 2021

Celsius, Tether and the 'known known'

Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

By Dan Ennis • Oct. 19, 2021

Green Dot sued after ditching $165M deal

The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

By Dan Ennis • Oct. 7, 2021

Treasury sanctions crypto exchange Suex to thwart ransomware

While more legal measures await international cybercrime, the U.S. government is sending interim messages to ransomware gangs.

By Samantha Schwartz • Sept. 22, 2021

Mastercard to buy CipherTrace crypto security company

Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.

By Lynne Marek • Sept. 9, 2021

Anti-fraud niche in payments thrives as e-commerce climbs

Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.

By Mercedes Cardona • Aug. 23, 2021

Clearing House urges caution on CBDCs

A Federal Reserve-backed digital currency could "destabilize both the domestic and foreign banking and financial services sectors," the payments system operator said.

By Lynne Marek • July 30, 2021

Alaska, Colorado residents carry most card debt, study says

In a ranking of states where residents have the biggest credit card balances, those two states' residents carry the largest debt loads while Wisconsin and South Dakota residents carry the lowest average balances, according to a WalletHub analysis.

By Lynne Marek • July 28, 2021

Failed payments cost over $33 billion for North American banks: report

The problem is costing financial services firms money and customers, the Accuity report found.

By Tatiana Walk-Morris • July 20, 2021

Why cybersecurity keeps payments executives up at night

Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.

By Mercedes Cardona • July 19, 2021

How cybersecurity asset management can help with PCI DSS

A modern approach to PCI DSS compliance eliminates the need for spreadsheets and manual asset tracking.

By Axonius • July 19, 2021

Merchants say they're losing revenue to online fraud, FIS report finds

Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated. 

By Vaidik Trivedi • July 12, 2021

Payments industry trade group taps new chair

The American Transaction Processors Coalition picked a new board leader as it maps out new initiatives, including expanding its activities at the state level.

By Lynne Marek • July 7, 2021

Growing divide on crypto in international banking report

Central banks strike a second blow against digital assets and stablecoins. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.

By Dan Ennis • June 24, 2021

Socure gears up for IPO, perhaps sooner than expected

The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.

By Lynne Marek • June 11, 2021

Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security

Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.

By Vaidik Trivedi • June 8, 2021

Regulators increase scrutiny of cryptos in money-laundering

The decentralized and anonymous nature of cryptocurrency makes it susceptible to money laundering, and governments across the globe must respond, industry experts said during Payments Canada Summit last week.

By Vaidik Trivedi • June 7, 2021

Sift acquires Chargeback to crack down on rising payments fraud

Sift is beefing up its ability to fight rising e-commerce fraud through its acquisition of software-as-a-service company Chargeback.

By Vaidik Trivedi • May 31, 2021

Credit Rich offers millennials, marginalized communities more credit tools

"We created Credit Rich to provide people with the opportunity to take the burden [of debt] off them by helping them understand how the credit system works," said Angel Rich, CEO of Credit Rich parent WealthyLife.

By Vaidik Trivedi • May 21, 2021

Cryptocurrency fuels ransomware payments

The rapid ascent of crypto, like other emerging technologies before it, has challenged the federal government's ability to regulate the new arena.

By Samantha Schwartz • May 12, 2021

E-commerce fraud to surpass $20B in 2021, an 18% jump over last year, report finds

Behavioral biometrics and secured APIs can help rein in the rising fraud, according to a recent Juniper report.

By Vaidik Trivedi • April 30, 2021