The Latest

  • open banking fintechs banking Trump
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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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    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.

  • Frustrated young woman with a smartphone in her hands while she sits on a couch at home.
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    Column

    The fight against fraud revs up

    Maybe crusaders against financial fraud and scams can finally make some headway with help from Congress, the White House and Nacha.

  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images
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    CFPB alum Chopra to lead state consumer agency

    Former CFPB head Rohit Chopra will lead a new California agency with oversight of consumer affairs and financial protection, among other duties.

  • Fiserv Clover point of sale checkout processing AI
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    Sundry Photography via Getty Images
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    Fiserv seeks better days ahead

    The payments processor and bank tech provider sought Thursday to bolster confidence in the company’s plan for a recovery.

  • Walmart BNPL Affirm Klarna financing retail
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    Scott Olson via Getty Images
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    BNPL giants battle at Walmart

    The retail behemoth swapped buy now, pay later provider Affirm for Klarna last year, but both BNPL companies say Walmart business is good.

  • Block DOJ compliance fraud regulation legal
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    Block inches closer to DOJ settlement

    The company set aside $240 million in the first quarter as it negotiates with the Justice Department over allegations in a 2023 short seller’s report.

  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    Column

    Dive Deposits: Affirm’s AI stance runs counter to trend

    While some fintechs are content to do more with less through AI, BNPL platform Affirm simply aims to do more, as its top execs eschew human layoffs in favor of artificial intelligence.

  • Shot of PayPal headquarters
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    Justin Sullivan via Getty Images
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    PayPal settles with DOJ over DEI

    The digital payments company agreed Tuesday to a settlement with the Department of Justice over a 2020 diversity investment fund.

  • Sezzle Shopify lawsuits buy now pay later ecommerce
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    Shopify loses bid to toss Sezzle lawsuit

    The e-commerce platform can't jettison plausible monopoly claims made by the buy now, pay later company, a federal judge ruled Monday.

  • A conference sign that says :FIS: Financial technology for bold ideas'
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    Lynne Marek/Payments Dive
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    FIS discounts Pismo competition

    The payments processor and core tech provider doesn’t expect competition from that Visa business to make an impact.