CFPB nixes filing in case tied to Electronic Funds Transfer Act

The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

By Gabrielle Saulsbery • March 27, 2025

Block shrinks workforce 8%

The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

By Patrick Cooley • March 27, 2025

Fiserv CEO faces fire for Social Security cuts

Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

By Patrick Cooley • March 25, 2025

Affirm, other BNPL players ratchet up credit bureau reporting

At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

By Patrick Cooley • March 24, 2025

Bank transfer fraud losses outpace crypto

The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

By Lynne Marek • March 21, 2025

Fiserv acquires Dutch payment company CCV

The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

By Patrick Cooley • March 19, 2025

Affirm executive joins crypto firm Gemini as CFO

Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.

By Grace Noto • March 19, 2025

States may be called on to pick up payments regulatory slack

As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.

By Lynne Marek • March 18, 2025

Stablecoin company Mesh raises $82M

Some of the funding was settled using PayPal’s stablecoin and will be used to build a global platform to transfer stablecoins, the company said.

By Patrick Cooley • March 13, 2025

Fiserv investors count on next CEO’s well-rounded resume

The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.

By Patrick Cooley • March 6, 2025

Mastercard taps State Dept official for top role

Richard Verma will rejoin the company this spring as chief administrative officer, overseeing legal and government affairs, Mastercard said Wednesday.

By Justin Bachman • Feb. 27, 2025

Amex, Alipay target fast-growing China market

The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.

By Patrick Cooley • Feb. 26, 2025

Stripe employee share sale may mean delayed IPO

An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.

By Patrick Cooley • Feb. 25, 2025

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