The Latest
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ColumnCard fees have staying power
Merchants keep attacking the fees, but the charges keep coming because consumers love swiping their cards.
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Sponsored by AdyenBeyond the booking: How Navan scaled global card issuing with embedded finance
How Navan unlocked €1B+ in card volume by embedding global issuing with Adyen.
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Is the nickel nearing a revamp?
It costs 13 cents to produce the five-cent coin. Congress wants the U.S. to explore more cost-effective methods.
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RTP gears up for int’l reach
The Bank of New York and other financial institutions are preparing for a pilot next year that will stretch the real-time payments network across borders.
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Priority Tech buys IntelliPay for up to $15M
The payments company is gaining a new government payments business with its deal for Utah-based IntelliPay.
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Amex’s low fraud rate turns on its closed system
More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.
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Building Block’s Square base
The fintech is expanding its efforts to market local restaurants using its point-of-sale system across Cash App’s user base.
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Courtesy of Walmart
Walmart adds digital wallet options
The mega-retailer said it will now accept Apple Pay and Google Pay payments, using tap-to-pay with smartwatches, contactless cards and phones.
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Stripe tips toward staying private
The payments giant’s founders told investors that the company’s private structure will help it to be more nimble amid AI shifts.
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The image by Ken Lund is licensed under CC BY-SA 2.0
PayPal, Venmo connect to colleges
The peer-to-peer player and its PayPal parent have forged new ties to higher education institutions, allowing students to make payments with the P2P tool.
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Regulators pursue stablecoin rules
Separate proposals advanced by the SEC and the FASB last week could provide the cryptocurrency sector with regulatory relief as legislation founders.
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OpinionConsidering card network options
"The real challenge for merchants is not which rail a payment uses but a lack of visibility, control, and intelligence to optimize payment flows," a fintech marketing executive writes.
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Visa, DOJ lawyers clash ahead of trial
The government and card network are trading accusations of overly broad discovery requests and ‘gamesmanship’ in the DOJ’s debit card lawsuit.
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Teens targeted for scams
It’s not just the elderly being drawn into fraud. Young people are also increasingly prey for financial crime, according to a Federal Reserve report.
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Stripe, OpenRouter finally strike a deal
The payments behemoth’s acquisition of the AI spend management firm has been in the works for weeks. The reported price tag: $7.5 billion.
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Weave scooped up for $650M
The latest purchase by Fransciso Partners adds to the private equity firm’s stockpile of payments companies, including one it bought earlier this month.
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Courtesy of Stripe
Stripe acquisition may bolster its AI strategy
If the company completes a prospective acquisition of OpenRouter, it will set itself up to be at the center of artificial intelligence token payments.
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Klarna’s growth hits speed bump
The buy now, pay later player won’t live up to its financial forecast for this year because of a slowdown in one of its largest markets.
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Doxo to pay $2.1M settlement
The online bill-pay company agreed to settle a case brought by the Federal Trade Commission over deceptive ads and undisclosed fees.
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Western Union navigates challenges
The company is dealing with turmoil from the shift to digital money transfers as it seeks regulatory approvals for a $500 million deal for rival Intermex.
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Citi scoops up card rewards firm
The New York startup Kard has technology, talent and merchant ties that the bank expects will strengthen a loyalty strategy for its consumer cards business.
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Credit card strain rises: study
As consumers spend more on their credit cards, some cardholders are carrying hefty balances, a J.D. Power analysis found.
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OpinionHow state payments oversight skids
“In the absence of a federal consumer privacy framework, both consumers and businesses are paying the price,” one company founder writes.
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Sezzle pivots to national bank charter
With states imposing tighter rules on buy now, pay later companies, Sezzle CEO Charlie Youakim views a federal charter as “the most robust solution.”
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Cash lags credit, debit payments
Though most consumers prefer debit and credit card payments, 90% say they’ll still use cash for the foreseeable future, a Fed survey finds.
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Fiserv seeks investor lawsuit dismissal
Shareholders angry over the stock’s decline are alleging fraud with a complaint that has no merit, the payment processor said in its response.
