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

Sezzle challenges critical research from short-seller firm

The buy now, pay later firm argues that a recent Hindenburg Research report highlighting a decline in users and merchant partners overlooks important context and details.

By Patrick Cooley • Jan. 8, 2025

How ‘frictionless’ payments may benefit, hurt consumers

Such digital payments can slash transaction times, improve data security and provide valuable insights into consumer purchasing behavior and preferences.

By Michael Brady • Jan. 6, 2025

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