The Latest

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  Scams ensnare even sophisticated consumers, Fed says

  Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.

  Regulations & Policy

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  Sponsored by Wind River

  The real question behind embedded vs. integrated payments: Creating seamless transactions

  Interested in learning more about embedded payments and how you can leverage them for your business?

  Technology

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  Mastercard aims to cancel manual card entry by 2030

  The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

  Retail

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  Opinion

  Payments players should embrace digital currencies

  “Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

  Banking

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  Column

  Durbin gives credit card bill another Senate push

  Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

  Retail

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  Shift4 CEO bets on crypto and Trump

  The payment processor’s CEO, Jared Isaacman, plans to plunge ahead with a recent crypto initiative, wagering that President-elect Trump will give a boost to the effort.

  Regulations & Policy

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  Klarna files for IPO

  The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

  Retail

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  Private sector merits ‘significant’ payments footprint, Waller says

  The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

  Banking

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  Will Shift4 scoop up Lightspeed?

  The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

  Retail

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  Young people fall prey to payments fraudsters

  Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

  Banking

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  Visa pinpoints rising fraud threats

  In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

  Retail

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  Q&A

  Open banking to move toward FDX standard

  Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

  Retail

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  Afterpay to arrive on 24M Cash App cards

  The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

  Retail

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  Remitly, Payoneer cross-border payments climb

  Payments volume soared for the money transfer fintechs during the third quarter. Meanwhile, revenue at legacy rival Western Union slipped.

  Retail

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  How Trump’s administration may rework payments policies

  The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

  Retail

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  Paze gets new leader amid slow start

  Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service. 

  Retail

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  Fed aims to make instant payments the norm

  “It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

  Banking

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  FTC sues fintech Dave over marketing, fees

  The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.

  Banking

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  Cross River drops lawsuit against Fiserv unit

  The Fort Lee, New Jersey-based lender dismissed a lawsuit that it had filed against First Data Merchant Services last year. 

  Banking

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  Q&A

  Fiserv exec opens up on Walmart, DoorDash partnerships

  Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

  Retail

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  Mastercard gains edge in ancillary services

  The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.

  Retail

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  Opinion

  DOJ’s Visa suit is unfounded

  The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

  Retail

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  Sheetz accepting crypto at all locations

  After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

  Retail

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  DOJ’s Visa lawsuit could affect Capital One-Discover review

  If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.

  Banking

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  Fiserv, Capital One, others invest $150M in Melio

  Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.

  Retail

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  Stablecoins face obstacles to widespread adoption

  The digital currencies could simplify cross-border payments, but consumers are wary of using them, payments and fintech executives say.

  Regulations & Policy

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