Pipe pursues international expansion

The digital cash advance provider to small businesses deepened its ties to the British firm GoCardless this week as part of its quest to expand outside the U.S. market.

California to begin oversight of EWA

The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.

CFPB issues final rule on open banking

In a change from last year’s proposal, payment apps are included under the rule. Financial institutions with less than $850 million in assets are exempt.

Stripe to buy stablecoin company Bridge for reported $1.1 billion

The CEOs for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

Oracle debuts healthcare payments service

The new system enables patients to pay their medical bills via cards or digital payments, and helps medical facilities track revenue.

Fiserv may grab competitive edge with new bank charter

The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.

Amex Q3 restaurant spending growth edges down

The card issuer has recently focused on courting cardholders hungry for restaurant services, but last week reported spending growth in that category had waned.

Apple, Klarna collaborate on BNPL

The tech giant has linked with the Swedish buy now, pay later provider to offer Apple Pay customers in the U.S. and U.K. another payment option.

PayPal drops fundraiser tool on app

The payments pioneer is discontinuing a program through which app users could post fundraising drives, often for personal needs. Other options for donating will remain.

Employees who lean on EWA face increased fees

Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report.

Walmart pitches Fiserv’s Clover to business clients

The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

Discover discloses SEC accounting criticism

The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

FTC unveils final ‘click-to-cancel’ rule for consumers

The agency rule targeting recurring payments comes amid a broader effort by the Biden administration to reduce consumer “junk” fees.

Payments players tap M&A to build tech stacks

The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

Visa taps AI analytics partner to add merchant services

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

More authentication leads to fewer approvals

Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.

Payments investments rise worldwide

Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

Barclays replaces Goldman Sachs as GM card issuer

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

Worldpay taps Aeropay for gaming payments assist

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

Treasury official calls for new regulatory framework

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

Automated-checkout company Grabango shuts down

The tech company was unable to secure the funding needed to continue operating, a spokesperson said.

Stripe partners with Nvidia, Pepsi and Rivian

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

New York Governor signs gun code law

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

Toast increases processing fees, adds surcharge feature

The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

Global Payments embarks on ‘transition’ year

The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.