The Latest

  • U.S. senators walking in a crowded hallway of the U.S. Capitol near elevators.
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    Chip Somodevilla via Getty Images
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    Opinion

    APR caps would shrink access to credit

    “Well-meaning legislation shouldn’t leave behind the very people it intends to help,” writes one bank CEO.

  • Close-up of an Android smartphone screen displaying the PayPal app icon and name, with a fingertip poised above the screen, indicating user interaction.
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    Alamy
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    PayPal CEO rejects stablecoin threat

    Alex Chriss doesn’t view the ascendent cryptocurrency as a threat, but rather an advantage.

  • small business Bill Holdings financial management software payments
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    martinedoucet via Getty Images
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    Bill CEO defends performance

    The payments fintech has “massive” growth potential, says its founder. Two activist investors are likely to demand pursuing that aggressively.

  • A photo of the exterior of a gas station and convenience store. The fuel canopy is red and reads "Adventure's first stop" and "Maverik" while signs on the gas pumps and stores say "Maverik."
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    Courtesy of Maverik
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    Maverik expands cardless payment options

    The retailer’s partnership with Piston lets professional drivers initiate a fuel payment via QR or authorization codes.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Fed lifts FedNow limit to $10M

    As financial firms flock to instant payments, the Federal Reserve has pitched FedNow as a way to ease internal transfers, corporate payroll and big transactions.

  • A close-up of a payment kiosk panel showing accepted payment logos—Visa, Mastercard, Apple Pay, Android Pay, and contactless payment—on a white background above a red unit.
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    Alamy
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    Visa, Mastercard push more tokenization

    The card network giants want more merchants and consumers using cards with security tokens to increase transaction volume and to reduce fraud.

  • Klarna BNPL IPO NYSE buy now pay later Walmart
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    Courtesy of Klarna Group
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    Klarna counts on retailers for growth

    As Klarna becomes publicly traded, the BNPL giant says the availability of its services at retailers such as Walmart and Macy’s correlates strongly to future growth.

  • Hand of businessman using smart phone with coin icon
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    Creative stock via Getty Images
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    Stablecoin advances crypto adoption

    Once large banks and big payments companies “start leaning in, then obviously that gets the flywheel going,” says Taxbit CEO Lindsey Argalas.

  • House destroyed by Hurricane Helene flooding in North Carolina
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    Sean Rayford via Getty Images
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    Corpay mulls asset sales

    The fleet payments company may sell its third-largest payments segment, and it’s already put two non-core vehicle businesses on the sales block.

    B2B
  • software payments Bill Holdings Starboard value hedge funds small business
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    whitebalance.space via Getty Images
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    Activist investor targets Bill

    Bill Holdings’ weak revenue growth and sagging stock attracted a prominent hedge fund to buy a large stake in the payments and accounting software firm.

  • Circle K
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    Retrieved from Couche-Tard.
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    Circle K grows fleet payment options

    Alimentation Couche-Tard is partnering with Relay to add more than 500 truck-accessible locations to the fintech company’s network.

  • A Close-up of hands holding tablet displaying text that says "private equity."
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    ra2studio via Getty Images
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    Great Hill raises $7B fund

    The venture capital firm, which has a niche for investing in payments businesses, plans to keep injecting capital into the financial services sector.

  • CFPB open banking banks Russell Vought fintechs Trump cryptocurrency
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    Anna Moneymaker via Getty Images
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    Column

    Open banking looks better with crypto

    After fintechs and crypto bros showed how banks might fetter digital assets, the Consumer Financial Protection Bureau revamped its views of open banking.

  • Fiserv Clover point of sale CardFree mobile ordering payments
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    Bruce Bennett via Getty Images
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    Fiserv buys CardFree for hospitality expansion

    The company said it acquired the California startup that focuses on restaurant and hotel payment systems to expand its Clover point-of-sale business.

  • A close-up of a paper pay slip with tax and pension information.
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    tattywelshie via Getty Images
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    Opinion

    Earned wage access should be free

    “This industry simply cannot continue to charge employees to access their pay,” writes a fintech founder. “We cannot expect employers to deduct these fees from paychecks through payroll.”

  • Chase Bank sign on Broadway New York
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    Michael M. Santiago via Getty Images
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    Chase flags end of gov’t checks

    The JPMorgan bank says it’s striving to make branch customers aware of the federal government’s plan to stop sending paper checks next month. Some consumer advocates are still worried.

  • credit cards debt delinquency consumers
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    Justin Sullivan via Getty Images
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    Q2 credit card charge-offs fell

    Increased consumer incomes led to a drop in net charge-offs and delinquency rates for U.S. bank credit cards in the second quarter, a new report says.

  • government payments technology online billing
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    Michael M. Santiago via Getty Images
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    Local governments press online payments

    To avoid paper checks, cities and counties are pushing residents to use online card and ACH payments, according to industry executives.

  • Close-up of a smartphone screen displaying the Google Wallet app interface, with a fingertip hovering above it, indicating user interaction.
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    Alamy
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    How Nokia, AT&T fight mobile fraud

    Telecom companies are stepping up their efforts to help financial institutions and payments players reduce phone-related fraud.

  • Two Amazon-branded credit cards in front of the Amazon checkout page displayed on a mobile phone.
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    Permission granted by Amazon.

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    Visa ramps new fraud prevention program

    The card giant has merged its fraud prevention and dispute management programs, forcing merchants and their bank card processors to take more responsibility for thwarting misconduct.

  • Klarna IPO BNPL buy now pay later Sebastian Siemiatkowski
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    John Phillips for SXSW London via Getty Images
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    Klarna to raise as much as $1.27B

    The buy now, pay later behemoth is ready to proceed with its public stock offering after it first filed for an initial public offering in March.

  • A logo of Square, inc. is displayed on a metal sign tht is positioned infront of a commerical building.
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    Alamy
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    Square unveils new product roadmap

    Block’s point-of-sale unit offered a public glimpse of new features from its product schedule last week, with a request for customer feedback.

  • deepfakes deepfake porn images state AGs online photos
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    Chip Somodevilla via Getty Images
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    AGs attack deepfake porn payments

    Apple, Visa and others must be “more aggressive” in banning payment authorization for nonconsensual content, state AGs told the companies.

  • Aerial view of mobiel phone cell tower over forested rural area of West Virginia to illustrate lack of broadband internet service.
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    BackyardProduction via Getty Images
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    Innovative Systems acquired by investment firm

    The South Dakota billing and payments software company was purchased by the Chicago private equity firm GTCR.

  • Walmart employee with two crates on a dolly outside of someone's home
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    Retrieved from Walmart.
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    EWA players seek federal oversight

    A trade group representing earned wage access providers backs introduction of a bill outlining federal oversight for the emerging industry.