Will Global Payments sell its issuer business?

Some analysts are pressing the processor to consider divesting the segment that caters to financial institutions, even as its merchant segment grapples with competition.

By Lynne Marek • Feb. 24, 2025

Fed’s Barr warns of weaker regulation, supervision

The Fed board, he said, should resist initiatives that impede effective supervision by discouraging examiners to flag issues early, or ones that add to the process unnecessarily, he said.

By Rajashree Chakravarty • Feb. 21, 2025

Explore the Trendline➔

E-commerce drives digital payment advances

As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

By Payments Dive staff

23 AGs line up behind Baltimore in CFPB case

Efforts to shutter the agency are against public interest, the AGs said. The CFPB’s attorneys argue it’s in the public interest to act “consistent[ly] with the philosophy of a new administration brought about by a national election."

By Dan Ennis • Feb. 21, 2025

Worldwide card use to jump 43% by 2029, Nilson predicts

Nonetheless, credit, debit and prepaid card transactions will expand at the slowest rate in the U.S., relative to other regions in the world, the research firm Nilson Report forecast.

By Lynne Marek • Feb. 21, 2025

How stablecoins may extend US dollar supremacy

“Dollar-based stablecoins such as USDT and USDC are traded all over the world at any time of the day, regardless of holidays, time zones, and whether markets are open or closed,” writes the CEO of an embedded finance company.

By Bam Azizi • Feb. 20, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 20, 2025

Shame drives rampant underreporting of fraud

Push-payment scams are at a "crisis level," consumer advocates at a Payments Dive virtual event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 19, 2025

Cap One, Discover shareholders approve merger

Stockholders of the two companies approved the big bank's $35.3 billion acquisition in separate meetings Tuesday.

By Patrick Cooley • Feb. 19, 2025

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • Feb. 19, 2025

Payments players mull new approaches to fraud

Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.

By Lynne Marek • Feb. 18, 2025

How payment scams start on social media

Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

By Patrick Cooley • Feb. 18, 2025

FIS acquires Demica, Dragonfly

Fidelity National Information Services has been buying up businesses as it seeks to expand, especially in providing services to chief financial officers and in the digital arena.

By Lynne Marek • Feb. 13, 2025

Georgia special charter attracts another applicant

The move follows the approval of payment processing company Fiserv’s application, which was approved in October, but payments industry consultants say the path to using such a charter is a rocky one.

By Patrick Cooley • Feb. 13, 2025

Wise to close Tampa office, cut 300 employees

The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.

By Rajashree Chakravarty • Feb. 12, 2025

Ex-FDIC official McKernan tapped to lead CFPB

The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.

By Dan Ennis • Feb. 12, 2025

Discover flags potential Cap One merger delay

Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.

By Patrick Cooley • Feb. 12, 2025

Payment tools proliferate, consolidation looms

“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”

By Justin Grooms • Feb. 12, 2025

Klarna, JPMorgan to offer BNPL to business clients

The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

By Patrick Cooley • Feb. 11, 2025

CFPB’s future hangs in the balance after a wild weekend

Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.

By Dan Ennis • Feb. 10, 2025

Senators reintroduce bill to bar CBDC

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

By Lynne Marek • Feb. 10, 2025

Affirm to emphasize no-interest loans

The company said that offering more interest-free financing options would drive profits by bringing in more customers.

By Patrick Cooley • Feb. 10, 2025

Treasury responds to concerns about Musk ‘meddling’

A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.

By Lynne Marek • Feb. 6, 2025

Fiserv doubles down on embedded finance

Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.

By Patrick Cooley • Feb. 6, 2025

NCR Voyix shifts chairman to CEO post

The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.

By Tatiana Walk-Morris • Feb. 6, 2025

Sanders, Hawley introduce credit card interest rate cap bill

In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.

By Lynne Marek • Feb. 5, 2025