The Latest
-
Stablecoins complement dollar: Fed
The greenback will retain its dominance as stablecoins increasingly shape cross-border payments, speakers at a Fed conference predicted.
-
Sponsored by Adyen
From POS provider to fintech platform: Epos Now’s embedded finance journey
See how Epos Now built a full fintech platform with Adyen to power 80k+ locations.
-
Visa’s revenue momentum slows
The card network’s recent revenue growth slowed in July, relative to last year, but customer spending remains healthy, the company said.
-
Pex aims to expand card biz
The spend-management firm raised money from investors to grow its corporate card and finance software business.
-
PayPal leans into financial services
The company’s CEO said that buy now, pay later and other consumer finance offerings will pump up revenue, but some analysts have doubts.
-
How ISO consolidation persists
Global Payments and other processors have been gobbling up smaller firms for years, but payments professionals keep forming new ones.
-
Mastercard bolsters scam defense
The card network and rival Visa are each pursuing new rules to induce merchants and their banks to join the fight against fraud.
-
OCC denies Wise a trust charter
After the federal agency rejected its U.S. trust charter application, the British fintech plans to submit a new one under the Genius Act framework.
-
Amex ups marketing, tech spend
To keep attracting new card holders, American Express is increasing its spending on marketing and technology in the second half of this year.
-
Maryland joins states issuing chip-enabled EBT cards
The upgraded payment method will help to reduce fraud and replace legacy magnetic stripe cards, the state’s governor said.
-
5 payments podcasts for a listen
With summer in full swing, it’s a good time to head to the beach, take a walk or just lounge with an audio update on industry happenings.
-
Q&A
Nium targets stablecoins, growth
The cross-border payments company bought Cypher this month to roll forward its stablecoin strategy, says CEO Prajit Nanu.
-
Ramp, FIS make AI moves
The two payments companies this month embarked on separate artificial intelligence initiatives, with one focused on managing AI spending and the other using the technology to mitigate cybersecurity risks.
-
Oregon proposes BNPL rules
The state’s proposed rules would require buy now, pay later firms to obtain a payday or consumer finance license. A trade group countered the proposal.
-
Payments broker gets jail time
The fraudster, who created sham online marketing companies to bilk consumers and businesses, was sentenced to three years in prison Monday.
-
Deep Dive
Payments M&A spools up
Stripe’s potential bid for PayPal isn’t the only merger and acquisition activity underway as deal-making revs up for the second half of the year.
-
Column
Why pricey credit cards may soon cost more
A settlement over swipe fees could mark a major shift for retail payments as merchants embrace surcharges on high-end cards.
-
Visa, Stripe join AI protocol project
A pack of major fintechs have joined a nonprofit seeking to standardize how payments are sent online using artificial intelligence and software.
-
Opinion
Backing the president’s fintech order
“Regulation should preserve confidence in the system, but it should not inhibit responsible innovation,” writes one financial services lawyer.
-
EWA backers push for CFPB move
Supporters of earned wage access aim to update national oversight this year, backing a new law and seeking to confirm a Trump policy change.
-
Penny’s end poses rounding challenge
Merchants press for passage of a bill to enact rounding standards as cash-handling businesses grapple with the cent’s gradual demise.
-
Bottomline adds stablecoin tools
The company is betting the new digital currency will gain traction across corporate payment, treasury and liquidity workflows.
-
How PayPal may benefit Stripe
The digital payments startup has reportedly made a bid for a stake in its older predecessor, potentially creating a massive processor.
-
Is BNPL financing raising prices?
Buy now, pay later financing impacts consumer prices as merchants pass along processing costs, a consumer advocate report asserts.
-
Amex, Delta card spending soars
The card company is benefiting from a continuous rise in spending by consumers who hold Delta Air Lines branded cards.
-
Visa-Mastercard payouts inch forward
A court official appointed for the swipe fee settlement is working through about 40,000 merchant claims issues, based on a quarterly update.