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Georgia special charter attracts another applicant
The move follows the approval of payment processing company Fiserv’s application, which was approved in October, but payments industry consultants say the path to using such a charter is a rocky one.
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Lynne Marek/Payments Dive
Discover flags potential Cap One merger delay
Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.
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Sean Pavone via Getty Images
Wise to close Tampa office, cut 300 employees
The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
Ex-FDIC official McKernan tapped to lead CFPB
The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.
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Courtesy of Walmart
OpinionPayment tools proliferate, consolidation looms
“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”
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Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
Klarna, JPMorgan to offer BNPL to business clients
The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.
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Senators reintroduce bill to bar CBDC
Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.
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Justin Sullivan via Getty Images
PayPal dinged over branded service’s slow growth
Consumer uptake of the payments pioneer’s flagship payments tool was lackluster last year. The company promised skeptical analysts more growth this year.
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Andrew Harnik via Getty Images
CFPB’s future hangs in the balance after a wild weekend
Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.
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Courtesy of Affirm
Affirm to emphasize no-interest loans
The company said that offering more interest-free financing options would drive profits by bringing in more customers.
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Kevin Winter via Getty Images
Cashless concerts and events catch on
By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.
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Michael M. Santiago via Getty Images
NCR Voyix shifts chairman to CEO post
The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.
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Chip Somodevilla via Getty Images
Treasury responds to concerns about Musk ‘meddling’
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
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Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv doubles down on embedded finance
Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.
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Chip Somodevilla via Getty Images
Sanders, Hawley introduce credit card interest rate cap bill
In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.
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Anna Webber via Getty Images
Cash App, Venmo app downloads decline
Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.
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Sara Samora/Payments Dive
Democrats decry Trump payments policy upheaval
Congressional Democrats criticized Trump administration moves at the Treasury Department and Consumer Financial Protection Bureau that suggest changes to federal government payments and policies.
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Gamers support CFPB video game payments rule
Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.
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Permission granted by Mastercard
Mastercard places ad with Lady Gaga
In a tie-up with the musical artist for her eighth studio album, the card network rolled out a new ad during the Grammy Awards on Sunday.
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sommart via Getty Images
Flutterwave CFO keeps eye on ‘sustainable’ profitability
It’s important to prioritize enabling stable revenue and solid profitability given the macroeconomic volatility in the African markets where Flutterwave operates, CFO Mitesh Popat said.
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Justin Sullivan via Getty Images
Visa leans into A2A payments
The network titan is pursuing account-to-account payment services as a way to expand beyond its card-based dominance in the market.
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Kent Nishimura / Stringer via Getty Images
Chopra finally exits CFPB as Bessent steps in
The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.
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Lynne Marek/Payments Dive
Third of U.S. small businesses add credit card surcharges
The findings of a J.D. Power survey indicate that merchants are passing the cost of swipe fees onto customers, even though they’re lowering consumer satisfaction with the transaction.
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Justin Sullivan via Getty Images
PayPal, Amex and Wells Fargo shake up leadership
PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.
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Lynne Marek/Payments Dive
Payments conferences to keep on your radar for 2025
Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at this year’s payments conferences.
Updated Jan. 31, 2025
