The Latest

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    Vadym Petrochenko via Getty Images
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    Payments investments rise worldwide

    Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

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    Bill Pugliano via Getty Images
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    Barclays replaces Goldman Sachs as GM card issuer

    The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

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    Moowan Photo via Getty Images
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    Worldpay taps Aeropay for gaming payments assist

    The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

  • Treasury Department Undersecretary Nellie Liang
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    Win McNamee via Getty Images
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    Treasury official calls for new regulatory framework

    The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

  • A photo of a person using a Grabango machine to check out.
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    Courtesy of Grabanco
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    Automated-checkout company Grabango shuts down

    The tech company was unable to secure the funding needed to continue operating, a spokesperson said.

  • A sign is posted in front of Nvidia headquarters on February 22, 2023 in Santa Clara, California.
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    Justin Sullivan / Staff via Getty Images
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    Stripe partners with Nvidia, Pepsi and Rivian

    The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

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    Spencer Platt / Staff via Getty Images
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    New York Governor signs gun code law

    Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

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    Permission granted by Lynne Marek
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    Toast increases processing fees, adds surcharge feature

    The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

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    Creative via Getty Images
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    Global Payments embarks on ‘transition’ year

    The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.

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    Viorika via Getty Images
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    MoneyGram attack exposed sensitive customer data

    The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

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    Bonnie Cash via Getty Images
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    Durbin jumps into Illinois interchange law fray

    Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

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    SDI Productions via Getty Images
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    Opinion

    Healthcare’s paper check disease

    “The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

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    Daniel Boczarski via Getty Images
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    Fiserv teams with Canadian company on open banking

    Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

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    abdoudz via Getty Images
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    Real-time payments to make uneven progress, report predicts

    The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv nets special banking charter in Georgia

    The payments processor is only the second company to win the special bank charter since Georgia made it available.

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    Retrieved from OCC.
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    OCC seeks to halt Illinois card interchange fee law

    The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

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    Sitthiphong via Getty Images
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    Oportun inks deal to sell credit card portfolio

    The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products. 

  • U.S. Attorney General Merrick Garland stands at a podium with hands lifted, shrugging with a smirk.
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    Kent Nishimura via Getty Images
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    Visa expected to temper competitive moves after DOJ action

    The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.

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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

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    Courtesy of Uber
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    Mastercard to buy Minna Technologies

    The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

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    Anna Webber via Getty Images
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    P2P payments tools lack transparency, consumer group says

    Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

  • Visa debit cards antitrust
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    Roy Rochlin via Getty Images
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    Visa boosts litigation funding ahead of US antitrust fight

    The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

  • A scene with people standing at colorful booths at the Nacha Faster Smarter Payments conference in Miami in 2024.
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    Lynne Marek/Payments Dive
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    Payments conferences to keep on your radar for 2025

    Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm may offer discounts after Fed interest rate cut

    The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

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    Bill Pugliano via Getty Images
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    Trump interest rate cap draws criticism

    Fewer people would be approved for credit cards, and credit card issuers would offer fewer perks, opponents of the longshot proposal say.