The Latest
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Visa Mastercard merchants credit cards networks swipe fees retail Image attribution tooltip Fly View Productions via Getty ImagesImage attribution tooltip8 pros, cons of Visa-Mastercard pact
A proposed settlement to end 20 years of credit card swipe fee litigation generated strong reactions for and against the agreement.
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Cash App Block consumer lending loans Image attribution tooltip Sean Zanni via Getty ImagesImage attribution tooltipCash App leans into loans
Block’s financial services unit is pressing growth of short-term consumer loans, confident that its underwriting data will support profitable lending.
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Federal Reserve Christopher Waller crypto digital currencies stablecoins Image attribution tooltip Sarah Silbiger via Getty ImagesImage attribution tooltipColumnDive Deposits: Was Waller’s ‘skinny’ account clarification a walk-back?
The Federal Reserve governor set out to clarify that only institutions with a banking charter would be eligible for a tailored master account. Does that jibe with the central bank’s “embrace” of disruption?
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Visa Mastercard merchants interchange fees swipe banks retail Image attribution tooltip Justin Sullivan via Getty ImagesImage attribution tooltipVisa, Mastercard reach legal pact with merchants
The legal agreement, if approved by a federal court, could end two decades of litigation between the two biggest U.S. card networks and their merchant clients over credit card interchange fees.
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Mesh cryptocurrency digital assets POS retail stablecoins PayPal Image attribution tooltip Joe Raedle via Getty ImagesImage attribution tooltipPaystand acquires Bitwage
The blockchain-backed B2B payments provider snapped up another payments player, and raised capital to accelerate its growth.
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Former Fiserv CEO Frank Bisignano Image attribution tooltip Andrew Harnik via Getty ImagesImage attribution tooltipFiserv grilled over ex-CEO
Senate Democrats are digging into former Fiserv CEO Frank Bisignano’s past leadership of the payments processor.
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A person shops for clothing on a tablet. Image attribution tooltip Getty ImagesImage attribution tooltipAfterpay confronts new fraud type
Fraudsters are posing as merchants and consumers to make fraudulent purchases and stick Afterpay with the bill, according to a Block executive.
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Shift4 CEO Jared Isaacman stands in a crowd of people in an astronaut uniform and is being photographed by onlookers. Image attribution tooltip Joe Raedle via Getty ImagesImage attribution tooltipShift4 founder to keep stake
Just as Jared Isaacman makes plans to remain the biggest shareholder of the payments processor he founded, the company faces U.S. sales volatility.
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A close-up of an iPhone screen displaying the Remitly: Send Money & Transfer app's listing in the Apple App Store. The screen shows the Remitly logo, app name, and download option, highlighting the digital remittance service's presence on mobile platforms. Image attribution tooltip AlamyImage attribution tooltipFiserv exec outlines stablecoin uses
The major processing firm is considering using the digital assets for bank-to-bank transactions outside of normal business hours.
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Amazon retail online shopping lawsuit Image attribution tooltip Getty ImagesImage attribution tooltipAmazon sues Perplexity over AI shopping agents
The mass e-commerce company — which alleges Comet agents are covertly making purchases for users — is open to third-party agentic commerce, but on its own terms.
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President Trump holds up document with House Speaker Johnson and others behind him. Image attribution tooltip Win McNamee via Getty ImagesImage attribution tooltipConsumer Reports pushes stablecoin rules
The consumer advocacy group said Genius Act regulations must protect consumers from potential risks in the stablecoin market.
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A digital OOH advertisement for Apple's "Pay The Apple Way" campaign. Image attribution tooltip Courtesy of AppleImage attribution tooltipApple sets sights on travel spending
The tech company is embedding its digital wallet as a method of payment at many stages in the travel process in a bid to attract more consumer use.
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Toast restaurants payments dining software SaaS Image attribution tooltip Getty ImagesImage attribution tooltipToast mulls eat-and-run options
The software firm is contemplating a system that lets restaurants store customer payment cards to give diners a quicker exit after they finish a meal.
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A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services Image attribution tooltip Image attribution tooltipCourtesy of FIS
FIS benefits from NYCE, AI
Fidelity National Information Services said the growth of its NYCE debit card network and increased use of artificial intelligence bolstered financial results.
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Shift4 CEO Jared Isaacman Image attribution tooltip Courtesy of Shift4. Shift4 CEO Jared IsaacmanImage attribution tooltipTrump taps Shift4 founder again
The president renominated Jared Isaacman on Tuesday to lead NASA, but did not acknowledge previously withdrawing the executive’s name.
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Cash App lawsuit settlement text messages litigation Image attribution tooltip Getty ImagesImage attribution tooltipCash App claims deadline passes
A judge will consider final approval next month of a 12ドル.5 million settlement covering Washington residents who got text messages from Cash App.
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Fiserv Clover point of sale checkout processing AI Image attribution tooltip Sundry Photography via Getty ImagesImage attribution tooltipFiserv turns to AI for help
Fiserv is embracing artificial intelligence as new executives try to fix major portions of the company and placate peeved customers.
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A person holds a credit card and sits with a laptop on her lap. The screen is open to show a shopping website. Image attribution tooltip Getty ImagesImage attribution tooltipHow agentic AI could turbocharge fraud
Generative artificial intelligence that can shop on a consumer’s behalf could be leveraged by bad actors to commit fraud on a wide scale.
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People mill at a conference with a Global Payments sign that markets its Genius brand in the background. Image attribution tooltip Lynne Marek/Payments DiveImage attribution tooltipGlobal Payments leans into Genius
Global Pay is counting on its rising use of the Genius brand to bolster volume, as it expands with the acquisition of Worldpay.
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CFPB open banking banks fintechs apps APIs digital tools fees Image attribution tooltip Getty ImagesImage attribution tooltipOpen banking lurches onward
Banks and fintechs are connecting digitally to share data, amid litigation over a rule to spur competition for financial services.
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A close-up of a building with Capital One signage is shown. Image attribution tooltip Getty ImagesImage attribution tooltipCapital One launches community benefits plan
After its Discover Financial acquisition closed in May, the credit card giant has begun to open up about elements of its community benefits plan.
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The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. Image attribution tooltip Michael M. Santiago via Getty ImagesImage attribution tooltipJPMorgan prospers on payments
The bank cited higher payments fees for helping to lift third-quarter revenue, with income from that segment reaching another quarterly record.
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People stand and sit by a conference booth marked with the The Clearing House logo. Image attribution tooltip Lynne Marek/Payments DiveImage attribution tooltipWhy one cross-border payments pilot was stymied
Differing regulations across borders makes the instantaneous movement of money a nearly insurmountable challenge, an executive with The Clearing House said.
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Woman ordering new high heel shoes in online shop and paying for purchase by credit card. Image attribution tooltip Getty ImagesImage attribution tooltipExecutive Shuffle: Fiserv, Mastercard and DailyPay
Payments and fintechs reset leadership this month with new CEOs and fresh executives to jump-start finance, sales and marketing functions.
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CFPB open banking banks Russell Vought fintechs litigation Image attribution tooltip andresr via Getty ImagesImage attribution tooltipJudge blocks open banking rule enforcement
The preliminary injunction in a federal lawsuit enjoins a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule.
