Regulations & Policy
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Justin Sullivan via Getty Images
Amex posts 2024 records for payments volume, fees
The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.
By Patrick Cooley • Jan. 24, 2025 -
Lynne Marek/Payments Dive
Discover Q4 payments volume drops
The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.
By Patrick Cooley • Jan. 24, 2025 -
Explore the Trendline➔
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TrendlineTop 5 stories from Payments Dive
The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.
By Payments Dive staff -
Christopher Furlong via Getty Images
Trump order embraces stablecoins, bars CBDCs
President Trump issued a “digital financial technology” executive order Thursday backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.
By Lynne Marek • Jan. 23, 2025 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv names Bisignano’s successor
The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.
By Patrick Cooley • Jan. 23, 2025 -
Drew Angerer / Staff via Getty Images
Chopra delivers last-minute digital payment edicts
The Consumer Financial Protection Bureau made a bid in the last days of the Biden administration to better protect consumers using digital payments tools.
By Lynne Marek • Jan. 22, 2025 -
Matt Winkelmeyer via Getty Images
Stripe pushes out 300 employees
Despite the 3.5% cut to the payments services company’s headcount, it still plans to increase its total employee headcount to 10,000 by the end of the year, up from 8,200 now.
By Patrick Cooley • Jan. 22, 2025 -
Anna Moneymaker via Getty Images
CFPB to consider broader ban on declined payment fees
The Consumer Financial Protection Bureau withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive approach” faces an uncertain future in the Trump administration.
By Lynne Marek • Jan. 21, 2025 -
Justin Sullivan/ via Getty Images
Judge partially halts Illinois law ending card fees for taxes, tips
Banks seeking to halt a new Illinois law that bars credit card interchange fees on taxes and tips succeeded on one front, but not another, at least for now.
By Lynne Marek • Jan. 17, 2025 -
Lynne Marek/Payments Dive
OpinionWhy enabling FedNow ‘send’ matters
Financial institutions that “fail to adopt both send and receive functions may be exposing their organizations to competitive disadvantages as well as reputational risks,” writes one industry executive.
By Mihail Duta • Jan. 17, 2025 -
Joe Raedle via Getty Images
Amex pays $230M to resolve DOJ allegations
The credit card giant misrepresented features of some credit cards targeting small businesses and entered false information on card applications, the Justice Department alleged.
By Patrick Cooley • Jan. 16, 2025 -
Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 makes $4.7M in undisclosed payments to executives’ relatives
The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.
By Patrick Cooley • Jan. 16, 2025 -
Jesse Grant via Getty Images
Block agrees to pay $255M to regulators for Cash App deficiencies
The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.
By Lynne Marek • Jan. 16, 2025 -
Courtesy of Mastercard
Mastercard agrees to pay $26M to settle discrimination lawsuit
The card network entered the agreement to settle a proposed class action that alleged it discriminated against Black, Hispanic and female employees by underpaying them.
By Lynne Marek • Jan. 14, 2025 -
Sam Silverstein/Payments Dive
Buy now, pay later users pile on debt, CFPB finds
Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.
By Patrick Cooley • Jan. 14, 2025 -
mikkelwilliam via Getty Images
Payments laws apply to online games, CFPB says
Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.
By Patrick Cooley • Jan. 13, 2025 -
Michael M. Santiago via Getty Images
RTP payments surged 38% last year
The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.
By Lynne Marek • Jan. 10, 2025 -
Courtesy of Instacart
Deep DivePayments plays gather momentum in 2025: 6 industry trends to watch
Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.
By Lynne Marek and Patrick Cooley • Jan. 9, 2025 -
Kevin Dietsch / Staff via Getty Images
Fintech Dave alters fee structure, blasts DOJ over amended lawsuit
The cash advance online platform called the lawsuit “a continued example of government overreach.”
By Rajashree Chakravarty • Jan. 9, 2025 -
Courtesy of U.S. Senate Committee on Health, Education, Labor and Pensions
ColumnWill Trump and Sanders lock arms to cap credit card interest rates?
The senator and incoming president partnering on a cap proposal may not be as far-fetched as the payments and banking industries would hope.
By Lynne Marek • Jan. 7, 2025 -
Anna Moneymaker / Staff via Getty Images
CFPB details BNPL, EWA supervision for first time
In its latest supervisory overview, the Consumer Financial Protection Bureau included a review of buy now, pay later and earned wage access examinations.
By Lynne Marek • Jan. 6, 2025 -
Anna Moneymaker via Getty Images
Merchants, banks spar over Fed’s debit card fee proposal
Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.
By Lynne Marek • Jan. 3, 2025 -
Courtesy of Walmart
Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges
A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.
By Peyton Bigora • Jan. 3, 2025 -
scyther5 via Getty Images
CFPB takes aim at gambling card fees
The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.
By Patrick Cooley • Dec. 19, 2024 -
Getty Images/Staff via Getty Images
BVNK raises $50M to fuel US expansion
The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.
By Tatiana Walk-Morris • Dec. 18, 2024 -
Joe Raedle / Staff via Getty Images
CFPB swats at retail credit cards
The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.
By Lynne Marek • Dec. 18, 2024
