The Latest

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    FedNow draws 1,300 financial firms

    The instant payments service has attracted mostly small and mid-sized financial services firms as it inches up adoption by financial institutions.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Trade group pushes directory for instant payments

    The U.S. Faster Payments Council advocated for an open and secure directory service to increase real-time payment adoption, per a report earlier this month.

  • Uber FTC lawsuit
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    Justin Sullivan via Getty Images
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    Card holders rail about Uber in FTC lawsuit

    Uber user complaints about recurring monthly charges, unclear enrollment and a frustrating cancellation process spur a Federal Trade Commission lawsuit.

  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    mikkelwilliam via Getty Images
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    Instant payments could improve video games: KC Fed

    Moving away from in-game currencies may make the gaming experience simpler for players and reduce costs for video game companies, Kansas City Fed specialists argue.

  • Old style checkbook with a calculator on the inside flap.
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    Archive Photos/Stringer via Getty Images
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    Q&A

    Write off paper checks, ACI Worldwide CEO advises

    Tom Warsop praised the Trump administration’s move to eliminate paper checks and suggested businesses should do the same.

  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv, Kansas to open fintech hub

    The hub will open later this year in Overland Park, Kansas, and help Fiserv better serve Midwestern customers, the company said in a news release Monday.

  • A sign for Discover Financial Services
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    Scott Olson via Getty Images
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    Fed, FDIC force more oversight of Discover

    The Federal Reserve and the FDIC penalized the card network for overcharging merchants on interchange fees and said the company must pay $250 million in fines, make restitution to merchants, and change its practices as a condition to merging with Capital One.

  • cards credit GSA fintech Ramp government politics
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    valiantsin suprunovich via Getty Images
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    Ramp reportedly angles for part of $700B US credit card program

    The fintech is seeking to handle a piece of the SmartPay federal employee charge card program, assisted by its close ties to the Trump administration, the media outlet ProPublica reported.

  • OCC
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    Retrieved from OCC.
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    Capital One-Discover wins approvals

    The Federal Reserve and the Office of the Comptroller of the Currency will allow a merger creating the largest U.S. credit card issuer.

  • A ballpoint pen sits with its tip on a check.
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    fluxfoto/E+ via Getty Images
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    Paper check use surged last year, AFP says

    Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB to ‘deprioritize’ payments oversight

    An agency memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies.”

  • People standing at a conference booth with a Visa logo overhead.
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    Lynne Marek/Payments Dive
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    Visa’s Pismo names new CEO

    The Brazilian payments software business promoted new executives as it pursues growth under the auspices of its giant card network owner.

  • Contactless payment made a restaurant dinner table.
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    Southworks

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    FIS, Global Payments agree to Worldpay deal

    Fidelity National Information Services and Global Payments unveiled a deal Thursday in which FIS plans to buy the latter’s issuer business and sell its Worldpay stake. 

  • Juice bar merchant takes card for transaction.
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    jacoblund via Getty Images
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    Pay-by-bank should offer perks: Deloitte

    Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.

  • pay-by-bank payments cards point of sale
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    SDI Productions via Getty Images
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    Q&A

    Spire pushes pay-by-bank model

    Direct bank payments at the point of sale will become more attractive to merchants through a Discover Financial tie, the CEO says.

  • A customer pays using a Clover device
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    Permission granted by Fiserv
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    Klarna partners with Fiserv’s Clover

    A recently signed deal will bring Klarna’s installment loans to Clover checkout at merchants across the U.S.

  • Person uses ATM
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    Drazen Zigic via Getty Images
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    Shazam sheds merchant services to focus on debit

     The network company divested its merchant services portfolio this month to concentrate on its core business.

  • financing medical debt fintechs
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    DNY59 via Getty Images
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    For medical debt, ‘care now, pay later’ models abound

    As healthcare expenses grow, fintech startups look to boost the affordability — and profitability — of medical payments.

  • earned wage access lawsuits
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    Michael M. Santiago via Getty Images
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    NY AG alleges two wage access providers made illegal loans

    The state’s lawsuits against DailyPay and MoneyLion seek to wind down their earned wage access practices in New York.

  • Juice bar merchant takes card for transaction.
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    jacoblund via Getty Images
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    Worldpay delivers payments industry insights in DC

    Executives of the merchant services company visited Capitol Hill this month to connect with congressional staffers and share their views on payments.

  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Credit card 90-day delinquencies rise to record: report

    The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.

  • Rep. Bill Huizenga speaks with his glasses in his right hand at a congressional hearing.
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    Chip Somodevilla via Getty Images
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    Republicans pressure Fed on debit card fees

    Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

  • Patrick Collison Stripe Meta
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    Win McNamee via Getty Images
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    Stripe CEO to become a Meta director

    Patrick Collison will join the board of the public social media company as speculation persists about the possibility of his payments company filing for an initial public offering.

  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Block agrees to pay $40M New York penalty

    The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

  • online shopping retail merchants payments
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    tedestudio via Getty Images
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    Q&A

    How one startup coordinates your payments

    Payments orchestration is an increasingly critical task as merchants seek cost efficiencies and the ability to add new payment alternatives and technologies.