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Euronet, Fireblocks pursue stablecoin cards
The companies are extending their partnership to provide financial firms with the infrastructure needed to issue stablecoin-funded cards.
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Sponsored by ECHOThe B2B payment stack wasn’t built for how businesses pay now
The B2B payment decision used to be binary. Legacy infrastructure still is.
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Amex to shrink workforce
The card company plans to cut 4.5% of its employees to become more “agile and efficient” as it adjusts to more use of artificial intelligence, CEO Stephen Squeri said.
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Shopping is Muse’s top task: Meta
About a quarter of the personal agent’s earliest adopters look to shop, with an average purchase size around $200, Meta’s CEO said.
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Sezzle seeks OCC bank charter
The buy now, pay later provider wants a U.S. charter from the Office of the Comptroller of the Currency amid new state rules.
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Paze sets big targets after revamp
The wallet’s bank owners are battling Apple and PayPal with an extensive marketing push, touting it as a more secure payment method.
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Treasury tallies $270M in suspicious financial aid transactions
The department flagged the potentially fraudulent activity as it seeks to stop criminals from stealing student financial aid payments.
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Cross River to acquire Accrue
Adding the payment and reward services provider would let the bank offer its clients an expanded embedded finance offering. “Payments and loyalty are becoming one,” Cross River’s CEO says.
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Fiserv taps AI for retail rethink
Merchants are grappling with how their payments technology will handle artificial intelligence-fueled digital commerce, a Fiserv executive said.
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Visa changes fees in Canada
A Canadian trade group has urged card networks to reduce their interchange fees and pass those cost savings on to sellers.
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New payment rails catch on, slowly
Some companies have yet to realize the full potential of multi-rail systems, speakers said at the Money20/20 conference Monday.
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PayPal isn’t agile enough, CEO says
As part of his turnaround efforts, Enrique Lores said Monday the digital payments company requires faster decisions and clearer accountability.
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Butter Payments has been sold
The company was purchased last month, said its former chief executive, Charles Rosenblatt, who noted intensifying competitive pressures.
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Ramp seeks bank charter
Ramp applied with the Office of the Comptroller of the Currency for a national trust bank charter on Friday.
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Utah forms digital ID consortium
The state is using its digital identity law as a model for having individuals, not governments, control their personal data, Utah’s chief privacy officer said.
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Visa, Mastercard urge court to approve fee settlement
The card networks contend Walmart and trade groups want to scuttle a legal pact over card swipe fees using recycled arguments the court has rejected.
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Stripe agentic commerce revs up
The digital payment juggernaut’s agentic commerce activity went “vertical” last month, President John Collison said this week.
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Credit card debt ticks up
Consumers have been grappling with rising credit card interest rates and ballooning balances in the past few years, a recent Fed survey found.
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OpinionCongress should examine EWA bill
“Combining employer-integrated solutions and direct-to-consumer products under a single, relaxed standard weakens consumer safety,” writes an industry executive.
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Fiserv ‘reset’ bolsters case, litigants say
The processing giant has no basis for a shareholder lawsuit to be dismissed, given its own comments, investors suing the company told a judge this week.
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Q&AJPMorgan rounds up partners
The biggest U.S. bank has been collecting payments partners to better integrate software and keep up with industry trends, among other purposes.
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Businesses view stablecoins warily
Despite the hype surrounding the digital assets, businesses remain cool to using the cryptocurrency, according to the results of a Cleveland Federal Reserve survey.
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Anna Hrushka/Payments Dive
Upgrade applies for ILC charter
The decade-old credit-card startup named a SoFi alum and longtime regulator as CEO of its proposed bank.
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Stablecoin startups advance payments
Entrepreneurs embracing the digital assets are pushing payments modernization forward, and bringing incumbents along too.
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Visa moves ahead in China
The card network giant said it won approval from the Chinese government to begin preparing to offer card services domestically in the country.
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Fed names new payments chief
Federal Reserve Financial Services tapped Kim Robbins to succeed Mark Gould starting in November.
