Toast dips toe into retail payments

Mainly known as a company catering to restaurants, Toast executives said they plan to partner with more food and beverage retailers this year.

By Patrick Cooley • Feb. 21, 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

Shift4 to acquire Global Blue for $1.5B

The processor will buy the retail and hospitality payments services provider in an all-cash transaction to build a globally integrated payment platform.

By Patrick Cooley • 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

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

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

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

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

Gamers support CFPB video game payments rule

Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.

By Patrick Cooley • Feb. 4, 2025

Chopra finally exits CFPB as Bessent steps in

The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.

By Dan Ennis • Feb. 3, 2025

PayPal, Amex and Wells Fargo shake up leadership

PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.

By Patrick Cooley • Jan. 31, 2025

Worldpay tackles fraud-fighting in new ways

The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.

By Lynne Marek • Jan. 30, 2025

Apple, Google coalition seeks to skirt payments rule

Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.

By Patrick Cooley • Jan. 29, 2025

AI promises 2025 advances for payments industry

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offer a defense against rising fraud.

By Patrick Cooley • Jan. 21, 2025

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

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

Card fraud losses will increase over next decade

Fraud losses in card payments will continue to rise worldwide, the research firm Nilson Report said this month, predicting $404 billion in global losses over the next ten years.

By Lynne Marek • Jan. 15, 2025

How AI makes payments faster, cheaper

Artificial intelligence can simplify payment transactions for merchants, Davi Strazza, president of North America for Adyen, said in an interview.

By Patrick Cooley • Jan. 15, 2025

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

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

CFPB picks FDX to set open banking standards

The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.

By Patrick Cooley • Jan. 10, 2025

FTV Capital raises $4B for more B2B investments

The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10.2 billion.

By Patrick Cooley • Jan. 9, 2025