The Latest

  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv CEO vows to keep Social Security Administration intact

    Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

  • Shot of personalized Revolut Visa card
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    Courtesy of Revolut Press Kit
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    Revolut US CFO aims for growth, maturity ahead of U.S. entry

    Balancing agility and compliance is crucial for the digital banking platform as it seeks to expand into markets like the U.S., Revolut Chief Financial Officer Max Lapin said.

  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv CEO faces fire for Social Security cuts

    Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

  • credit cards debit cards
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    Scott Olson via Getty Images
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    Banks bash Illinois trend-setting law on card swipe fees

    Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.

  • nigel morris and fintech meetup founder on stage at fintech meetup in las vegas, nevada
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    Permission granted by Gabrielle Saulsbery
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    Q&A

    Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

    Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

  • A businessperson hands a colleague a paycheck.
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    AndreyPopov via Getty Images
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    Arkansas, Utah move ahead with EWA laws

    The two states are the latest to pass legislation addressing workers’ growing practice of using earned wage access to tap their income before a regularly scheduled payday.

  • Consumer Financial Protection Bureau banks regulation
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    Anna Moneymaker via Getty Images
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    CFPB seeks extension to respond to nonbank oversight lawsuit

    The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm, other BNPL players ratchet up credit bureau reporting

    At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

  • The Federal Trade Commission emblem on the Constitution Center in Washington, D.C.
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    Laurel Deppen/Payments Dive
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    Bank transfer fraud losses outpace crypto

    The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

  • A close up of a payment terminal next to a white self checkout bin with paper bags hanging.
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    SolStock via Getty Images
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    Retailers push payment modernization

    A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.

  • Attendees at the Money 20/20 financial services conference in Las Vegas last year.
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    Lynne Marek/Payments Dive
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    Mastercard courts community banks

    The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.

  • payments funding
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    andreswd via Getty Images
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    Payments players landed less capital in 2024: S&P report

    Venture capitalists invested 47% fewer dollars, compared to 2023, despite most of the startups posting increased revenue last year.

  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
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    Scott Olson / Staff via Getty Images
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    Discover cards now accepted at Airwallex merchants

    A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.

  • Fiserv's headquarters in Milwaukee
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    Permission granted by Fiserv
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    Fiserv acquires Dutch payment company CCV

    The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

  • Tom Panther
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    Courtesy of Fleetcor, now known as Corpay
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    Corpay CAO steps up as CFO exits for nonprofit

    Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.

  • A Walmart storefront showcases its refreshed brand identity, with a new typeface and the spark logo set apart as a standalone asset.
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    Permission granted by Walmart
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    Klarna seeks to flex advertising muscle

    Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.

  • a close up of an empty chair in a conference room
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    skynesher via Getty Images
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    Fiserv, PayPal and FIS change up board members

    Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.

  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Affirm executive joins crypto firm Gemini as CFO

    Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.

  • Capital One
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    Joe Raedle via Getty Images
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    Trump Organization lawsuit raises questions about Capital One-Discover deal

    Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

  • Utah statehouse
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    Michael Smith/Newsmakers via Getty Images
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    Column

    States may be called on to pick up payments regulatory slack

    As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.

  • Brex, Payments, Embedded Payments, fintech
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    Permission granted by Brex
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    Brex strives for predictability after operational overhaul

    After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.

  • northern trust headuqarters sign in chicago
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    Scott Olson via Getty Images
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    Northern Trust exec: Crypto rule changes may ease tokenization

    Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

  • Klarna IPO
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    Noam Galai via Getty Images
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    Klarna whittled workforce via AI ahead of IPO

    The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

  • Walmart storefront sign.
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    Kaarin Vembar/Payments Dive
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    Klarna to displace Affirm as Walmart BNPL provider

    The Swedish buy now, pay later business partnered with a Walmart-backed fintech to offer loans at the retail giant via a digital payments app.

  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    Block takes on payday lenders with Cash App

    The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.