BNPL players spar with CFPB

BNPL players under the microscope at the Consumer Financial Protection Bureau pushed back against the federal agency’s plan to increase regulation of the industry.

By Lynne Marek • Sept. 16, 2022

Freight fintech Denim lands $26M investment

The company, which aims to simplify freight shipment payments, plans to use $26 million in new capital and $100 million in debt financing to scale and give customers access to working capital.

By Caitlin Mullen • Sept. 16, 2022

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

CFPB mulls rules for BNPL

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

By Lynne Marek • Sept. 15, 2022

Zelle counters scam talk with growth rates

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

By Lynne Marek • Sept. 12, 2022

Bolt drops Wyre purchase

The checkout startup had planned to purchase the cryptocurrency payments firm for $1.5 billion. That was before the collapse of crypto values recently.

By Caitlin Mullen • Sept. 12, 2022

JPMorgan buys payments firm Renovite

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

By Lynne Marek • Sept. 12, 2022

Google invests in new cohort of Black entrepreneurs

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

By Tatiana Walk-Morris • Sept. 9, 2022

Ramp jumps into cross-border payments

The fintech startup is adding services as it targets a bigger bite of the $120 trillion business-to-business payments market.

By Caitlin Mullen • Sept. 8, 2022

Basic income pilots gain momentum across US cities

At least a dozen U.S. cities have implemented unconditional direct cash payment programs over the past year, as advocates seek to build evidence and experts debate the most effective structures.

By Gaby Galvin • Sept. 8, 2022

Healthcare fintechs targeted by cyber criminals

Cybersecurity professionals say healthcare payments processing firms are particularly vulnerable to information technology breaches and ransom demands.

By Joe Burns • Sept. 8, 2022

Mesh Payments raises $60M

The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

By Tatiana Walk-Morris • Sept. 8, 2022

Strange bedfellows question CBDC

The Fed has an uphill effort ahead in pursuing a central bank digital currency, as evidenced by extensive skepticism from two disparate groups.

By Lynne Marek • Sept. 6, 2022

Go slow on a CBDC, Nacha says

The biggest payment system in the U.S. recommends limited implementation of a central bank digital currency if the Federal Reserve pursues that digital dollar.

By Lynne Marek • Sept. 2, 2022

Credit card interest rates reach record

With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August.

By Lynne Marek • Sept. 2, 2022

Fiserv buys LR2 Group

The global payments processor said it paid $26 million to acquire the independent sales organization, which had been a long-time partner.

By Caitlin Mullen • Sept. 1, 2022

Who’s afraid of FedNow? Not Visa

Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.

By Lynne Marek • Sept. 1, 2022

Digital wallets dig in

Continued adoption of digital wallets is likely to depend on the services that providers add, said Charlotte Principato, a financial services analyst for polling firm Morning Consult.

By Caitlin Mullen • Aug. 30, 2022

FedNow aims for September testing

FedNow, an effort by the Federal Reserve Banks to speed up and modernize the U.S. payments system, is expected to launch as early as next May.

By Lynne Marek • Aug. 30, 2022

FIS adds real-time payments, CBDC services

The payments processor is pitching real-time payments and central bank digital currency services to countries and central banks to aid them in advancing their financial systems.

By Caitlin Mullen • Aug. 29, 2022

Banks push back against CBDC

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

By Lynne Marek • Aug. 29, 2022

Affirm scans landscape for acquisitions

With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

By Lynne Marek • Aug. 26, 2022

Big payments companies poke at CBDC

Mastercard, PayPal, Fiserv and Stripe gave the Federal Reserve feedback on a central bank digital currency, pointing out key requirements and cautioning about the outcome.

By Lynne Marek • Aug. 25, 2022

Lawsuit filed against Block

A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

By Caitlin Mullen • Aug. 25, 2022

Rho woos clients in bid to fill Brex’s small-biz void

The business banking startup added an automated expense-management tool for its middle-market clients as the company angles to snatch its share of Brex's former clients.

By Suman Bhattacharyya • Aug. 25, 2022

Google Wallet seeps into six more countries

The tech giant extended its payment services to more nations as competition with Samsung Pay and Apple Pay intensifies.

By Tatiana Walk-Morris • Aug. 25, 2022