The Latest

  • stablecoins North Dakota Roughriders Fiserv cryptocurrency
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    Fiserv stablecoin arrives next month

    The company’s FIUSD coin “goes live in July,” CEO Mike Lyons said at an investor conference Thursday.

  • Bilt Rewards credit cards Wells Fargo Cardless Ankur Jain
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    Noam Galai/Getty Images for Bilt via Getty Images
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    CFPB tells Bilt to repay fees from card-swap problems

    After tech issues plagued the fintech’s transition to a new bank partner this year, the CFPB said it’s worked to ensure affected consumers “are appropriately remedied.”

  • Block Cash App buy now pay later consumers loans
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    Sean Zanni via Getty Images
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    Block expands Afterpay on Cash App card

    After piloting the buy now, pay later service on its debit cards, Block said it’s going mainstream with its option to pay in installments.

  • Mastercard CEO Michael Miebach stands in front of other people behind a podium at the New York Stock Exchange, with hands reaching out in celebration.
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    Michael M. Santiago via Getty Images
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    Mastercard rearranges leadership

    The card network promoted a pack of new leaders, including to the chief financial officer post, as the old guard moved into other roles.

  • Illinois legislature credit card fees laws banks card networks
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    Judge blocks Illinois card fee law

    The injunction for banks and card networks Monday came after U.S. regulators moved to preempt the statute curbing card swipe fees.

  • European Union flags are pictured waving outside the European Commission building.
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    Carl Court via Getty Images
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    Fintech Wise probed over AML concerns

    A Belgian prosecutor is looking into “indications of non-compliance,” particularly from “a lack of proper identification of clients and their activities.”

  • PayPal CEO Enrique Lores
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    Pierre Suu via Getty Images
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    PayPal CEO leans on AI chief

    The company’s new CEO, Enrique Lores, is counting on a newly appointed executive to lead a cost-cutting campaign using artificial intelligence.

  • Illinois legislature credit card fees laws
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    Illinois lawmakers again delay card fee law

    The state’s lawmakers voted to hold off on implementing the law as federal bank regulators sought to preempt the statute that curbs swipe fees.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed’s top payments official to exit

    Mark Gould, who was the Federal Reserve’s first payments chief, said he will retire this year, but stay on while the central bank seeks his successor.

  • open banking fintechs banking Trump
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    Chip Somodevilla via Getty Images
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    Opinion

    Trump should nix high-cost loans

    “If the president wants to provide people relief from high-interest debt ... he should lead a crackdown against high-cost credit schemes,” writes a consumer advocate lawyer.

  • Point-of-sale device, with Adyen and Verifone logos, sits on store counter next to stapler and calculator.
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    Lynne Marek/Payments Dive
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    Adyen CFO heads for exit

    The chief financial officer departure comes as the Dutch payments processor seeks to build up its U.S. presence.

  • Bill Holdings CEO Rene Lacerte
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    Courtesy of Bill Holdings
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    Bill shuffles senior executives

    Business payments company Bill Holdings named new leaders for product, technology and revenue roles amid a broader restructuring.

  • Visa Mastercard retail merchants card fees interchange swipe fees litigation
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    Visa, Mastercard envision agentic commerce benefits

    Taking humans out of purchases is likely to multiply transactions and thereby boost fees, chief financial officers of the card networks said.

  • Tennessee remittances tax government revenue payments
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    Tennessee levies tax on remittances

    The Volunteer State will add a $10 tax for cross-border payments, and an extra 2% fee for some, under a new law drawing the ire of payments players.

  • banks Illinois credit unions OCC Jonathan Gould regulation interchange fees
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    Anna Moneymaker via Getty Images
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    OCC aims to derail state card law

    The Office of the Comptroller of the Currency urged a judge Friday to block an Illinois law on interchange fees that the agency has preempted.

  • Visa debit cards payments card networks lawsuits DOJ
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    Mario Tama via Getty Images
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    FIS, banks mull network uses

    The payments processor is in talks with banks about possible new strategies for use of its card network.

  • Fiserv M&A sales student loans servicing
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    Fiserv prunes non-core assets

    The payments processor and banking tech provider has divested its education and ATM businesses this month, with more sales possible.

  • A worker keys information into a point of sale screen
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    Column

    3 Big Numbers: The convenience store payments problem

    A surprising number of c-store operators have multiple payment systems across their stores. A recent survey from Vontier delved deeper into the pros and cons of that approach.

  • AI fraud online scams software tools
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    AI-fueled scams drive fraud: Visa

    Cybercriminals are using artificial intelligence tools for larger attacks that target individual victims, the card network said in a fraud report.

  • Trump Federal Reserve payments financial technology
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    Andrew Harnik via Getty Images
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    Trump order seeks to open Fed rails

    The administration mandated a review of how the Federal Reserve and federal agencies can aid fintech firms through more central bank access.

  • Jack Dorsey Block Cash App payments AI
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    Joe Raedle via Getty Images
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    Cash App will be financial ‘protector,’ Dorsey says

    As Block reorients around artificial intelligence, the app will become more interactive and predictive, co-founder Jack Dorsey said Tuesday.

  • payments stablecoins digital assets cryptocurrency Genius Act
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    Anna Moneymaker via Getty Images
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    Where stablecoin use is growing

    Cross-border transactions, worker payments and intercompany settlements are emerging use cases for the digital asset, according to two reports.

  • cash debit credit payment types consumer spending
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    Consumers cling to cash

    Debit and credit cards have surpassed cash as the most common payment method, but consumers still rely on legal tender, a Fed report found.

  • Facebook Meta social media fraud consumers
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    Facebook fraud becomes lightning rod

    Banks and consumer advocates are taking social media to task, while Facebook tries to rein in fake profiles and scam ads.

  • Federal Trade Commission enforcement payment processing Cliq
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    Leigh Vogel via Getty Images
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    Judge fines payments processor Cliq

    A federal court assessed a $6.5 million penalty over non-compliance in a 2015 Federal Trade Commission settlement but declined to appoint a receiver.