5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

By Suman Bhattacharyya • Sept. 11, 2023

PayPal CEO stresses stablecoin potential

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

By Lynne Marek • Sept. 11, 2023

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Payments players eye digital B2B opportunity

Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.

By Payments Dive staff

PayPal expands tie with Meta

The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.

By Lynne Marek • Sept. 8, 2023

Turmoil at Discover may make it an acquisition target

Discover, hunting for a new CEO while it addresses compliance issues, might catch the eye of a large regional bank, an industry attorney said.

By Caitlin Mullen • Sept. 8, 2023

CFPB takes aim at Apple, Google tap-to-pay tech

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

By James Pothen • Sept. 8, 2023

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

By Tatiana Walk-Morris • Sept. 7, 2023

Mastercard CEO counters WSJ fee increase story

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

By Lynne Marek • Sept. 6, 2023

Discover expands board with former regulator

The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

By Caitlin Mullen • Sept. 6, 2023

Visa leans into stablecoin efforts

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

By Lynne Marek • Sept. 5, 2023

Andreessen Horowitz circles healthcare payments

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

By Rebecca Pifer • Sept. 1, 2023

Average out-of-network ATM fees up by a penny: Bankrate

Banks are charging more for out-of-network withdrawals as ATMs slowly disappear and consumers rely less on cash and checks.

By Tatiana Walk-Morris • Sept. 1, 2023

Zelle transaction volume jumps

Second-quarter transaction volume at the bank-owned peer-to-peer payments app rose 10% over the first quarter, parent Early Warning Services said.

By James Pothen • Sept. 1, 2023

Durbin, Marshall lambaste card fee increases

Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

By Lynne Marek • Sept. 1, 2023

Why on-demand pay lures employees

Employers can better compete for gig workers, and other employees, by offering instant payment of wages, one fintech president argues.

By Charles Rosenblatt • Aug. 31, 2023

Google joins OpenWallet Foundation

"We look forward to working closely with other OWF members to advocate for solutions that ensure we’re building a privacy-forward wallet for everyone,” Google Wallet Vice President Jenny Cheng said.

By James Pothen • Aug. 31, 2023

Elavon, Ingenico team on new payments tool

U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.

By Lynne Marek • Aug. 30, 2023

Visa, Mastercard eye price increases: WSJ

Card issuing banks and their card network partners are poised to increase fees they charge merchants as soon as October, The Wall Street Journal reported.

By Lynne Marek • Aug. 30, 2023

Incoming payments CEOs usher industry into new era

A spate of CEO appointments this year reflects an era of change and competition that’s likely to keep driving turmoil and advances in the industry.

By Lynne Marek • Aug. 28, 2023

X adds state money licenses in pursuit of payments

The social media company, formerly known as Twitter, advanced its payments strategy by collecting two more state money transmitter licenses.

By James Pothen • Aug. 28, 2023

Fleetcor CFO targets M&A, sales

The Atlanta-based payments player’s new CFO doesn’t believe the M&A deal pendulum has fully swung over to a buyer’s market.

By Maura Webber Sadovi • Aug. 27, 2023

Marqeta expands embedded finance clientele

Embedded finance accounted for over half of fintech’s new bookings in the first half of 2023, and it’s lining up more clients for the service.

By James Pothen • Aug. 25, 2023

Affirm takes slow approach to card

After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.

By Lynne Marek • Aug. 25, 2023

PayNearMe partners with Dollar General

The deal increases PayNearMe's retailer footprint by one-third, bringing the ability to pay bills in cash to more Americans.

By Gabrielle Saulsbery • Aug. 24, 2023

Why the CCCA is ‘ill-informed’

A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.

By James Shepherd • Aug. 24, 2023

Swift makes progress on some G20 cross-border payments goals

The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

By Debbie Carlson • Aug. 24, 2023