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BNPL use may rise this year for holiday shopping

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

Ex-PayPal CEO opines on everything from crypto to Cobol

Bill Harris, who briefly led the payments pioneer, talks about the U.S. lagging in payments innovation, and the potential of stablecoins.

Visa to boost credit card fees next year

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

Push payment scam losses to surpass $3B by 2028: report

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

Richmond Fed seeks more CapOne-Discover input

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

Real-time payments scams rise

More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed. 

CFPB tweaks big tech payments rule

In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

Amazon now accepts EBT card payments

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

PayPal CEO pushes beyond payments

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

DC attorney general sues EarnIn over ‘deceptive’ marketing

The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

How passing the CCCA would benefit nonprofits

"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

Senate grills Visa, Mastercard executives over swipe fees

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

Google Pay adds Afterpay BNPL services

Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.

State interchange fee legislation makes meager progress

As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

Scams ensnare even sophisticated consumers, Fed says

Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.

Mastercard aims to cancel manual card entry by 2030

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

Payments players should embrace digital currencies

“Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

Durbin gives credit card bill another Senate push

Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

Shift4 CEO bets on crypto and Trump

The payment processor’s CEO, Jared Isaacman, plans to plunge ahead with a recent crypto initiative, wagering that President-elect Trump will give a boost to the effort.

Klarna files for IPO

The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

Private sector merits ‘significant’ payments footprint, Waller says

The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

Will Shift4 scoop up Lightspeed?

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

Young people fall prey to payments fraudsters

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

Visa pinpoints rising fraud threats

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.