The Latest
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Durbin rounds up CCCA support
The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.
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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.
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Michael Short via Getty Images
Visa, Mastercard have edge over Amex for Apple: analyst
As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.
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DjelicS via Getty Images
Q&ABrex 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.
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Justin Sullivan / Staff via Getty Images
Judge tosses racial bias suit against Citi over ATM fee waivers
The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.
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Ezra Acayan via Getty Images
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.
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Justin Sullivan via Getty Images
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.
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Permission granted by Fiserv
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.
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Scott Olson via Getty Images
Amex opposes shareholder proposals
A conservative legal group wants American Express to consider eliminating diversity goals to determine financial incentives for executives. A spokesperson for the card issuer says it no longer uses those goals in evaluating executive performance.
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Chip Somodevilla via Getty Images
House plans vote to kill CFPB payments rule
The chamber’s measure revoking bureau oversight of large tech payments players has passed the Senate and would next head to an approving Trump.
Updated April 2, 2025 -
Lynne Marek/Payments Dive
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.
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MStudioImages via Getty Images
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.
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Kayla Bartkowski via Getty Images
CFPB plans to spike BNPL rule
The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.
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Spencer Platt via Getty Images
Swipe fee foes find legislative support in almost a dozen states
The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.
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Lynne Marek/Payments Dive
Discover CEO may reap $2.4M bonus
Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.
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Courtesy of Affirm
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.
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Supatman via Getty Images
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.
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Permission granted by Bolt
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.
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hapabapa via Getty Images
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.”
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Andrey Popov via Getty Images
Utah governor signs EWA law
The state joins a pack of others that have passed industry-friendly laws seeking to oversee earned wage access providers and their services.
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Drew Angerer via Getty Images
Block shrinks workforce 8%
The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.
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Andrew Harnik via Getty Images
CFPB predicts late fee lawsuit settlement
The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.
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Chip Somodevilla / Staff via Getty Images
Republicans air CFPB grievances, jockey for agency change
Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.
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Andrew Harnik/Getty Images via Getty Images
Trump calls on federal gov’t to banish paper checks
The White House issued an executive order Tuesday calling on the federal government to cease using paper checks by September, except in certain circumstances.
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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.
