The Latest

  • A Paypal logo and sign is mounted to a metal entrance monument surrounded by shrugs and trees.
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    Alamy
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    Venmo results lift PayPal

    The digital payments processor is benefiting from its peer-to-peer payment tool business after cutting 2,000 employee jobs.

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    Jack_the_sparow/Shutterstock.com

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    Sponsored by ECHO

    The B2B payment stack wasn’t built for how businesses pay now

    The B2B payment decision used to be binary. Legacy infrastructure still is.

    B2B
  • debit card fees Federal Reserve banks merchants interchange
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    Getty Images
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    Fed loses debit card cap appeal

    The Federal Reserve’s debit card interchange rule doesn’t follow the intent of Congress in setting a limit for swipe fees, an appellate court ruled Monday.

  • Close-up of a sign saying "We accept EBT" in a storefront window.
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    Spencer Platt via Getty Images
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    USDA proposes adding chip and tap-to-pay tech to EBT cards

    The National Grocers Association said the payment technologies, which are currently available in nearly a dozen states, can help reduce SNAP fraud.

  • Chicago Federal Reserve President Austan Goolsbee stands at podium with hands up and lighted screen behind.
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    Getty Images News via Getty Images
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    Column

    Why checks still matter

    At a major industry conference this month, the paper instrument kept cropping up in discussions, even with an agenda focused on digital modernization.

  • Euronet Fireblocks stablecoins dollar crypto cross border
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    Getty Images
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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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    Justin Sullivan via Getty Images
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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.

  • Mark Zuckerberg Meta agentic commerce Stripe retail sales
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    Finn Gomez via Getty Images
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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.

  • Sezzle buy now pay later bank charter OCC financial services regulation
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    Getty Images
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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.

  • Paze Early Warning Services retail checkout digital wallets merchants
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    Justin Bachman/Payments Dive
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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.

  • A group of college students walk on a sidewalk on a college campus.
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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.

  • Cross River Bank
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    Permission granted by Cross River Bank
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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.

  • Fiserv Takis Georgakopoulos
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    Justin Bachman/Payments Dive
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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.

  • A Canadian flag next to an American flag next to each other waving in the air.
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    Joe Raedle via Getty Images
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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.

  • stablecoins crypto policy cross border payments Fed research
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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.

  • PayPal CEO Enrique Lores
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    Justin Bachman/Payments Dive
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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.

  • subscriptions business recurring payments Adobe
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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.

    B2B
  • Eric Glyman Ramp software fintechs
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    Big Event Media via Getty Images
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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.

  • digital identification privacy rights fraud payments scams
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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.

  • Visa Mastercard interchange fee litigation merchants Brooklyn federal court
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    Getty Images
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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.

  • Stripe President John Collison
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    Getty Images Entertainment via Getty Images
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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.

  • credit card debt household finances
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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.

  • employer handing employee a paycheck
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    Opinion

    Congress 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.

  • Fiserv investor lawsuit shareholders retail Frank Bisignano
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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.

  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    Q&A

    JPMorgan 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.

  • stablecoins crypto policy cross border payments Fed research
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    Getty Images
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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.