States split over gun merchant category code

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

By Caitlin Mullen • Oct. 2, 2023

Discover, FDIC reach consent agreement

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

By Caitlin Mullen • Oct. 2, 2023

Explore the Trendline➔

Top 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

Supreme Court to consider debit fee case

The U.S. Supreme Court agreed to hear the petition of a North Dakota merchant group that sued over the Federal Reserve Board’s calculation of a debit fee cap.

By Lynne Marek • Sept. 29, 2023

TikTok moves to add ‘in-app’ wallet

The social media app has taken another step toward providing in-app commerce and payments, but may face regulatory resistance.

By Andrew Hutchinson • Sept. 27, 2023

FTC lawsuit knocks Amazon on payments play

The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.

By Lynne Marek • Sept. 27, 2023

Andreessen Horowitz pushes cross-border payment improvements

While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.

By James Pothen • Sept. 26, 2023

Is FedNow pivotal for payments or overhyped?

FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

By Eric Shoykhet • Sept. 26, 2023

Mastercard fires back at Durbin in letter

The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.

By James Pothen • Sept. 25, 2023

Congressional committee passes bill to thwart CBDC

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.  

By Lynne Marek • Sept. 25, 2023

Biden administration seeks to erase medical debt from credit reports

In kicking off a medical debt rulemaking process, the CFPB aims to address the "tremendous burden" of medical debt, Vice President Kamala Harris said Thursday.

By Caitlin Mullen • Sept. 22, 2023

Uber to add more payments tools to its app

The planned updates to Uber Eats include the addition of SNAP and healthcare benefits payments starting next year.

By Catherine Douglas Moran • Sept. 21, 2023

Is X unfit to hold state money licenses?

Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

By James Pothen • Sept. 21, 2023

Connecticut moves to regulate EWA

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

By Lynne Marek • Sept. 19, 2023

Digital dollar bill resurfaces in Congress

The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.

By Lynne Marek • Sept. 18, 2023

Battle over credit card bill escalates

The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies. 

By Lynne Marek • Sept. 15, 2023

CFPB flags risks of tuition payment plans

In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.

By Caitlin Mullen • Sept. 15, 2023

CEO out at embattled Binance.US

Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.

By Gabrielle Saulsbery • Sept. 14, 2023

Fed officials tout FedNow, seek adoption

Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.

By Lynne Marek • Sept. 13, 2023

Discover shares pricing error findings with regulators

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

By Caitlin Mullen • Sept. 13, 2023

CCCA backers target vote this year

Supporters of the proposed Credit Card Competition Act say Republican Sen. Roger Marshall foresees a Senate vote on the legislation this year.

By Lynne Marek • Sept. 12, 2023

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

Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

By Caitlin Mullen • Sept. 11, 2023

Medical credit cards ‘exploit loopholes’ in healthcare debt protection, report finds

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

By Sydney Halleman • Sept. 11, 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