Discover discloses SEC probe

A pricing error by the card company that affected merchants and merchant acquirers triggered the investigation.

By Caitlin Mullen • Oct. 27, 2023

Brex exec straddles CFO, COO roles

As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.  

By Grace Noto • Oct. 27, 2023

Payments M&A bounces back in October

A burst of industry acquisition activity this month, after a mid-year lull, is expected to continue for the rest of the year.

By James Pothen • Oct. 26, 2023

Three lessons in ACI’s $2.4B payments test disaster

Pay attention to how legacy vendors are integrated after an acquisition, treat internal data sharing requests as cyber risks and don’t let staff test systems using real data.

By Robert Freedman • Oct. 25, 2023

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 24, 2023

Visa faces remaining litigation settlements of up to $4B

That’s the maximum amount of money the card network estimates may yet result from settling claims brought against it years ago by merchants who argue they were overcharged for card transaction processing.

By Lynne Marek • Oct. 23, 2023

Discover considers internal, external CEO candidates

The card issuer is searching for a replacement after former CEO Roger Hochschild resigned abruptly in August.

By Caitlin Mullen • Oct. 19, 2023

ACI, states reach $20M in settlements over payments mishap

The company is being penalized for unauthorized withdrawals, and attempted withdrawals, from mortgage customer accounts in April 2021.

By Tatiana Walk-Morris • Oct. 18, 2023

NMI acquires Sphere division

The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said. 

By Tatiana Walk-Morris • Oct. 12, 2023

Fiserv among MOVEit cyberattack victims

The payment processor recently notified one of its customers, Flagstar Bank, that it was entangled in a May cyberattack that’s affected more than 2,000 organizations.

By Caitlin Mullen • Oct. 10, 2023

Payments conferences yet to come in 2024

Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.

By Lynne Marek • Updated July 3, 2024

Credit card debt tops $1 trillion, before the holidays even arrive

Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.

By Daphne Howland • Oct. 3, 2023

Payment security at the pump tops consumer demands: survey

A fast payment process is another top feature customers value when buying items from convenience stores, Dover Fueling Solutions noted in its latest report.

By Jessica Loder • Oct. 3, 2023

Discover, FDIC reach consent agreement

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

By Caitlin Mullen • Oct. 2, 2023

Chase to ban crypto payments for UK customers

“If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.

By Gabrielle Saulsbery • Sept. 28, 2023

Wawa’s $10.7M data breach lawsuit against Mastercard thrown out

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

By Brett Dworski • Sept. 26, 2023

PCI security is costing you more than you think

PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.

Sept. 25, 2023

BNPL users seek and use more new credit, Fed study finds

Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.

By Caitlin Mullen • Sept. 18, 2023

Payments at MGM Resorts disrupted by cyberattack

The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.

By David Jones • Sept. 15, 2023

CFPB flags risks of tuition payment plans

In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.

By Caitlin Mullen • Sept. 15, 2023

Square apologizes for last week’s outage

Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

By Caitlin Mullen • Sept. 14, 2023

Discover shares pricing error findings with regulators

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

By Caitlin Mullen • Sept. 13, 2023

Visa tracks spike in retail, e-commerce fraud

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

By Tatiana Walk-Morris • Sept. 13, 2023

Affirm extends bridge to regulators

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

By Caitlin Mullen • Sept. 11, 2023

A strategic look at chargebacks with data from over 500 merchants

Hear from Justt.ai co-founder, Roenen Ben-Ami, as he offers strategic insights into where the industry is headed, and get your copy of the data for free.

By Roenen Ben-Ami, Justt co-founder • Sept. 11, 2023