BNPL payments rise with young, repeat users

Buy now, pay later users in the U.S. tended to be returning customers under 35 years-old, according to a new analysis from LexisNexis Risk Solutions.

By Patrick Cooley • Dec. 20, 2024

Visa spots tripling of fraud over holiday weekend

The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.

By Tatiana Walk-Morris • Dec. 19, 2024

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

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

Merchants maneuver as Visa enforces surcharge program

As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.

By Shefali Kapadia • Dec. 17, 2024

What role do stablecoins play in the payments industry?

With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.

By Patrick Cooley • Dec. 17, 2024

Nacha CEO talks 2025 trends

Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.

By Lynne Marek • Dec. 16, 2024

Amex keeps focus on younger customers

The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.

By Patrick Cooley • Dec. 16, 2024

Banks scramble to meet new ISO standard

“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.

By Robert Turner • Dec. 12, 2024

CFPB-Google battle likely to stretch into next administration

The Consumer Financial Protection Bureau says Google’s payment unit failed to explain why it was denying customer requests for refunds. Google told the agency to back off in a lawsuit.

By Patrick Cooley • Dec. 10, 2024

Struggling businesses pile on credit card debt, survey shows

Nearly two-thirds of financially unhealthy businesses fail to pay their monthly credit card bill in full, the results of a marketing research survey showed.

By Patrick Cooley • Dec. 9, 2024

Worldpay exec talks digital wallet security

The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.

By Patrick Cooley • Dec. 3, 2024

Credit card delinquencies mount, Fed says

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

By Lynne Marek • Nov. 27, 2024

Democrats bash CapOne-Discover merger proposal

A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.

By Patrick Cooley • Nov. 26, 2024

Push payment scam losses to surpass $3B by 2028: report

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

By Tatiana Walk-Morris • Nov. 25, 2024

Real-time payments scams rise

More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed. 

By Patrick Cooley • Nov. 22, 2024

Scams ensnare even sophisticated consumers, Fed says

Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.

By Patrick Cooley • Nov. 18, 2024

Payments players should embrace digital currencies

“Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

By Ryan Miller • Nov. 15, 2024

Young people fall prey to payments fraudsters

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

By Patrick Cooley • Nov. 12, 2024

FTC sues fintech Dave over marketing, fees

The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.

By Rajashree Chakravarty • Nov. 7, 2024

Cross River drops lawsuit against Fiserv unit

The Fort Lee, New Jersey-based lender dismissed a lawsuit that it had filed against First Data Merchant Services last year. 

By Rajashree Chakravarty • Nov. 7, 2024

Sheetz accepting crypto at all locations

After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

By Jessica Loder • Nov. 5, 2024

DOJ’s Visa lawsuit could affect Capital One-Discover review

If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.

By Caitlin Mullen • Nov. 5, 2024

Stablecoins face obstacles to widespread adoption

The digital currencies could simplify cross-border payments, but consumers are wary of using them, payments and fintech executives say.

By Patrick Cooley • Nov. 4, 2024

Is the FTC targeting chargeback service providers?

“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

By Edward A. Marshall • Nov. 1, 2024