Fintechs may gain at banks’ expense in Trump era

The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.

By Lynne Marek • Jan. 28, 2025

X teams with Visa on new digital payments tool

Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.

By Lynne Marek • Jan. 28, 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

Trade group leader discusses BNPL security and appeal

American Fintech Council CEO Phil Goldfeder discussed the reasons consumers have started using buy now, pay later services in greater numbers, and why they return to the emerging payment method.

By Patrick Cooley • Jan. 27, 2025

Highnote raises $90M for expansion

The embedded payments company led by former Braintree executives will use the capital to extend its business into providing acquiring services.

By Tatiana Walk-Morris • Jan. 27, 2025

Trump order embraces stablecoins, bars CBDCs

President Trump issued a “digital financial technology” executive order backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.

By Lynne Marek • Jan. 23, 2025

Chopra delivers last-minute digital payment edicts

The Consumer Financial Protection Bureau made a bid in the last days of the Biden administration to better protect consumers using digital payments tools.

By Lynne Marek • Jan. 22, 2025

Stripe pushes out 300 employees

Despite the 3.5% cut to the payments services company’s headcount, it still plans to increase its total employee headcount to 10,000 by the end of the year, up from 8,200 now.

By Patrick Cooley • Jan. 22, 2025

AI promises 2025 advances for payments industry

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offer a defense against rising fraud.

By Patrick Cooley • Jan. 21, 2025

FIS entangled in Capital One outage over days

Fidelity National Information Services blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

By Dan Ennis • Jan. 21, 2025

Why enabling FedNow ‘send’ matters

Financial institutions that “fail to adopt both send and receive functions may be exposing their organizations to competitive disadvantages as well as reputational risks,” writes one industry executive.

By Mihail Duta • Jan. 17, 2025

How AI makes payments faster, cheaper

Artificial intelligence can simplify payment transactions for merchants, Davi Strazza, president of North America for Adyen, said in an interview.

By Patrick Cooley • Jan. 15, 2025

Buy now, pay later users pile on debt, CFPB finds

Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.

By Patrick Cooley • Jan. 14, 2025

Payments laws apply to online games, CFPB says

Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.

By Patrick Cooley • Jan. 13, 2025

CFPB picks FDX to set open banking standards

The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.

By Patrick Cooley • Jan. 10, 2025

RTP payments surged 38% last year

The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.

By Lynne Marek • Jan. 10, 2025

Payments plays gather momentum in 2025: 6 industry trends to watch

Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.

By Lynne Marek and Patrick Cooley • Jan. 9, 2025

Fintech Dave alters fee structure, blasts DOJ over amended lawsuit

The cash advance online platform called the lawsuit “a continued example of government overreach.”

By Rajashree Chakravarty • Jan. 9, 2025

FTV Capital raises $4B for more B2B investments

The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10.2 billion.

By Patrick Cooley • Jan. 9, 2025

How ACI Worldwide is deploying AI

The payments software company has artificial intelligence delivering efficiencies in several areas of its business, CEO Tom Warsop said recently.

By Lynne Marek • Jan. 8, 2025

Sezzle challenges critical research from short-seller firm

The buy now, pay later firm argues that a recent Hindenburg Research report highlighting a decline in users and merchant partners overlooks important context and details.

By Patrick Cooley • Jan. 8, 2025

Payments player Tranch acquired by legal services firm

Both companies provide services to law firms worldwide, and the acquirer, Elite, says the merger will help expand its product offerings.

By Patrick Cooley • Jan. 7, 2025

How ‘frictionless’ payments may benefit, hurt consumers

Such digital payments can slash transaction times, improve data security and provide valuable insights into consumer purchasing behavior and preferences.

By Michael Brady • Jan. 6, 2025

Debit card decline issue persists for Affirm

The buy now, pay later firm has a team working to correct a problem with some customers experiencing debit card declines, the company CFO said in December.

By Patrick Cooley • Jan. 3, 2025

Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges

A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.

By Peyton Bigora • Jan. 3, 2025

Fiserv swallows gig rival Payfare

The mega payments processor bought a Canadian digital banking provider after the two jockeyed for business from the delivery company DoorDash.

By Patrick Cooley • Jan. 2, 2025