Rain raises $75M in equity funding

With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.

By Tatiana Walk-Morris • April 9, 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

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

DailyPay sues New York Attorney General

The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.

By Lynne Marek • 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

US businesses cling to paper checks

Large and small businesses alike are still using the 20th-century form of payment extensively, even as the federal government presses ahead with digital alternatives.

By Lynne Marek • 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

Brex sees procurement push onto its card

Corporate buyers are exploring ways to move more of their spending onto cards for better tracking and insight, a Brex EVP says.

By Justin Bachman • April 3, 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

Mastercard, PayPal mull stablecoins for B2B payments

Mastercard and PayPal are among the companies viewing the digital assets as potentially useful for business-to-business transactions.

By Lynne Marek • April 2, 2025

Fiserv promotes Takis Georgakopoulos to COO

Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.

By Patrick Cooley • April 2, 2025

Clearing House ACH payments volume keeps climbing

The Clearing House and Nacha both reported 6%-plus growth rates in ACH volume for last year, compared to 2023.

By Lynne Marek • April 1, 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

Executive Shuffle: Bolt, MoneyGram and DailyPay

New C-suite appointments so far this year demonstrate the payments industry’s efforts to digitize their offerings and cater to small business clients.

By Lynne Marek • March 28, 2025

Mercury raises $300M

The payments startup, which has backing from Marathon Management Partners and Andreessen Horowitz, aims to use the funds to expand its clientele and increase its profitability.

By Tatiana Walk-Morris • March 28, 2025

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 shrinks workforce 8%

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

By Patrick Cooley • March 27, 2025

Trump calls on federal gov’t to banish paper checks

The White House issued an executive order calling on the federal government to cease using paper checks by September, except in certain circumstances.

By Lynne Marek • March 26, 2025

Fiserv CEO vows to keep Social Security Administration intact

Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

By Patrick Cooley • March 26, 2025

Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

By Lynne Marek • March 25, 2025

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 Patrick Cooley • March 25, 2025

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 Patrick Cooley • March 24, 2025

CFPB seeks extension to respond to nonbank oversight lawsuit

The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

By Justin Bachman , Lynne Marek • March 24, 2025

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 Lynne Marek • March 21, 2025

Retailers push payment modernization

A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.

By Xanayra Marin-Lopez • March 21, 2025