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Lynne Marek/Payments Dive
Q&ANacha 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 -
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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 -
Dan Kitwood via Getty Images
OpinionBanks 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 -
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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 -
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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 -
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Q&AWorldpay 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 -
Lynne Marek/Payments Dive
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 -
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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 -
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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 -
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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 -
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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 -
Dan Kitwood/Getty Images News via Getty Images
OpinionPayments 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 -
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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 -
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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 -
Permission granted by Cross River Bank
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 -
Permission granted by Flexa
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 -
Bo Shen via Getty Images
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 -
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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 -
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Opinion
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 -
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AI increases fraud risk, fintechs say
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
By Patrick Cooley • Oct. 31, 2024 -
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BofA discloses CFPB probe of Zelle payments
Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.
By Caitlin Mullen • Oct. 30, 2024 -
Justin Sullivan via Getty Images
Visa CEO stands fast against DOJ
Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.
By Lynne Marek • Oct. 30, 2024 -
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Industry balks at FDX standard-setting monopoly
Regulators and industry participants worry that FDX will have an unfair monopoly and will advantage its own members if no other organization applies.
By Patrick Cooley • Oct. 24, 2024 -
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Payments trade groups caution World Bank on digital infrastructure
U.S. payments associations urged the World Bank this week to consider interoperability and private sector involvement in its development of a digital public infrastructure.
By Tatiana Walk-Morris • Oct. 24, 2024 -
Michael M. Santiago via Getty Images
Goldman, Apple to pay CFPB $89.8M over Apple Card issues
The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing products, the bureau alleged.
By Gabrielle Saulsbery • Oct. 23, 2024
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