The Latest

  • Visa Justice Department antitrust Sherman Act lawsuits debit cards
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    Visa-DOJ discovery dispute goes to judge

    Visa is asking a federal court to intervene in a conflict over the company’s discovery request for U.S. Treasury documents.

    Updated 22 hours ago
  • A male customer stands at the checkout counter of a local organic convenience store
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    Sponsored by Discover® Network

    Transforming the payment experience: How consumers are steering payment innovation

    Merchants can create enhanced shopping experiences that exceed evolving consumer expectations.

  • FTC Chairman Andrew Ferguson speaks to Congress
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    FTC threatens major payments players

    The Federal Trade Commission sent letters to the CEOs of Visa, Mastercard, PayPal and Stripe, saying that denying consumer services for political or religious reasons could prompt enforcement actions.

  • airlines loyalty programs Congress legislation Dick Durbin
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    Brandon Bell via Getty Images
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    Durbin targets airline points with bill

    A Senate bill proposed by the Illinois Democrat would regulate airline loyalty programs, with increased disclosure requirements for the carriers.

  • A person wearing sunglasses pushes a baby in a store cart.
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    Daphne Howland/Payments Dive
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    Walmart brings Sparky to ChatGPT

    OpenAI is pivoting away from handling purchases after its initial efforts failed to provide enough flexibility.

  • Klarna BNPL debit cards loans lending banking
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    Klarna struggles with loan loss accounting

    With an assertive push into banking, the buy now, pay later pioneer has expanded consumer lending – along with growth in its loss provisions.

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Q&A

    Citi pursues payments advances

    Real-time payments, agentic commerce and stablecoin advances are all topics the bank is discussing with clients, a top executive said.

  • Two people sending money to each other through a digital wallet app on their smartphones.
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    Branch integrates with Stripe for digital wallet payouts

    The EWA provider is using Stripe’s infrastructure to offer another tool that enables companies and contractors to pay their workforces.

  • People standing at a booth in front of a conference booth with a placard that says 'FIS.'
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    Lynne Marek/Payments Dive
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    FIS leans into big bank strategy

    The bank technology and card processing company has renewed its focus on large bank clients in the battle against rivals like Fiserv.

  • American Express business credit cards spending
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    Amex floats first new business card in 7 years

    The bank is betting that a card without preset spending caps, plus 2% cash back, will win over businesses.

  • electronic payments Electronic Transactions Association
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    Electronic Transactions Association acquires peer

    The trade group’s absorption of the American Transaction Processors Coalition will bolster its payments industry advocacy.

  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Q&A

    Mastercard bets on AI virtual CFOs

    The company’s new “virtual CFO” tool is tailored for lean teams and designed to augment — not replace — human leadership, Mastercard’s Mark Barnett said.

  • Venmo PayPal P2P cross border payments
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    Justin Sullivan via Getty Images
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    PayPal takes Venmo global

    The peer-to-peer payment app will be available to users in 90 countries by integrating with PayPal accounts, the company said Monday.

  • Sam's Club partners with Mastercard and Synchrony on rewards program.
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    Courtesy of Sam's Club
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    Synchrony, others broaden horizons to tap top talent

    Payments companies are often seeking experience outside of financial services, including in tech, in their search for new hires.

  • cash New York state payments retail
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    NY forces cash acceptance

    New York Attorney General Letitia James reminded consumers and businesses that a new state law, effective Saturday, makes it illegal to decline cash payments.

  • retail shopping fraud holidays Visa Mastercard
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    Kena Betancur via Getty Images
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    Visa, PayPal execs react to K-shaped economy

    The economic model suggests some consumers are becoming wealthier, while the economic well-being of others descends. Here’s how some industry executives view the impact.

  • AMC Theatre in New York City on March 17, 2020
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    Victor J. Blue via Getty Images
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    Stablecoin use surges

    The total transaction volume for the digital assets more than doubled in the past year, according to the asset management firm Macquarie Group.

  • A hand holds a smartphone displaying the Affirm app.
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    Courtesy of Affirm
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    Affirm outlines options if economic stress rises

    The buy now, pay later player spelled out ways in which it could adjust its lending in the event U.S. economic uncertainty creates more stress for consumers.

  • U.S. Bank
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    Permission granted by U.S. Bank
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    Elavon nabs BofA exec for CEO

    The payments processor, which is a unit of U.S. Bank, poached Wally Mlynarski from a bank rival to be its CEO, replacing Jamie Walker.

  • Header image for "Business Air Travel Spend Up 85% YoY in Q1, Still Recovering From Pandemic"
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    Ariel Skelley
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    Amex soups up cards for Concur

    The card company and the expense management firm have locked arms to add virtual card features for business clients.

  • Colorado State Capitol Building stands across a snow covered Civic Center Park
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    Doug Pensinger via Getty Images
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    State interchange fee laws progress

    Legislatures in Colorado and Delaware advanced bills that would curtail interchange fees last week, as a federal appellate court mulls the issue.

  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    EWS pairs with Citi to offer Paze

    The collaboration marks the first time the financial technology company has worked with a non-owner bank on the digital wallet.

  • brex corporate stablecoin card
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    Mastercard to buy BVNK for $1.8B

    “Adding on-chain rails to our network will support speed and programmability for virtually every type of transaction,” a Mastercard executive said.

  • The Iowa Capitol building illuminated by the sun.
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    David Greedy via Getty Images
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    Fintechs push 36% state rate caps

    While there is a 36% interest rate standard for lending in the U.S., it’s not codified for all consumers. Now, the effort to set one has moved to the states.

  • Robinhood Vlad Tenev online trading banking credit cards
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    Michael M. Santiago via Getty Images
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    Robinhood takes on premium card issuers

    The fintech’s new $695 credit card aims to lure young, wealthy people uninterested in hoarding points or using a card for airport lounge access.

  • checks payments paper small business B2B
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    Payments firms diverge on checks

    Payment companies offered different ways to move past paper checks in comments to the Federal Reserve regarding plans to shift to digital alternatives.