PayPal to boost prices for merchants

The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

Banks scramble to meet new ISO standard

“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.

Afterpay to drive Cash App growth, executive says

Once users have signed up for the Cash App card, Block can convince them to use other Block products, a company executive said.

BofA corporate client app surpasses $1 trillion in payments

Payments approved over the app are expected to rise 25% this year, echoing a similar increase last year over 2022.

Keeping cash may be critical for a resilient payment system

Climate change, wars and societal benefits should lead the U.S. to maintain greenbacks as an alternative to electronic money, one business professor argues, but he’s worried about preserving it.

CFPB-Google battle likely to stretch into next administration

The Consumer Financial Protection Bureau says Google’s payment unit failed to explain why it was denying customer requests for refunds. Google told the agency to back off in a lawsuit.

FIS nears capital markets acquisition

The financial tech provider is on the cusp of making a purchase, at the same time that it’s grappling with employee severance costs, its CFO said last week.

CFPB sues Comerica for ‘systematically failing’ federal benefits receivers

The federal agency alleged the bank fell short of its responsibility to some 3.4 million cardholders who depend on receiving federal benefits through prepaid debit cards.

Struggling businesses pile on credit card debt, survey shows

Nearly two-thirds of financially unhealthy businesses fail to pay their monthly credit card bill in full, the results of a marketing research survey showed.

Fiserv cuts as many as 1,500 employees, analyst estimates

The payments processor confirmed it had eliminated jobs. A Wolfe Research analyst estimated the reduction may impact as much as 3.7% of the workforce.

RTP limit to rise to $10M for 2025

The Clearing House's move to increase to $10 million the amount that can be sent over its real-time network may attract more corporate use of the system.

Crypto leaders have knives out for attorneys leaving the SEC

Coinbase and Ripple executives want law firms not to hire lawyers who worked on lawsuits against them.

PayPal targets higher Braintree pricing

The digital payments pioneer is attempting to develop a more profitable unbranded business line, the company's CFO said at an investor conference this week.

Fiserv CEO tapped to lead Social Security Administration

President-elect Trump announced the nomination of Frank Bisignano late Wednesday, and the payments processor confirmed the appointment Thursday.

FedNow racks up nearly $246M in annual expenses

The Federal Reserve projects the real-time payment system’s costs will climb slightly next year, from the $245.5 million it expects to spend this year.

Trump taps Shift4’s Isaacman to run NASA

The CEO of the payment and technology company has led two space missions for the private company SpaceX.

Global Payments spots 6 trends for next year

The payments processor predicts fraud-fighting tools, embedded payments and comprehensive point-of-sale systems will be center stage in 2025.

CFPB proposes rule to rein in data brokers’ sale of consumer information

With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.

Worldpay exec talks digital wallet security

The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.

Lightspeed discloses strategic reorganization

The Canadian payments software company said it expects the operational overhaul to impact 200 workers and result in savings that can be redirected to its priorities.

Black Friday winners and losers

Payments players charted an increase in spending over the Thanksgiving Day holiday weekend, with e-commerce sales growth outstripping the rise in stores.

Consumers grab credit cards for holiday shopping

Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.

Musk calls for end to CFPB

The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.

Credit card delinquencies mount, Fed says

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Democrats bash CapOne-Discover merger proposal

A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.