CFPB drops case against SoLo Funds

The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said.

By Caitlin Mullen • Feb. 24, 2025

Block begins rollout of Afterpay on Cash App debit card

The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.

By Patrick Cooley • Feb. 21, 2025

Explore the Trendline➔

E-commerce drives digital payment advances

As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

By Payments Dive staff

How stablecoins may extend US dollar supremacy

“Dollar-based stablecoins such as USDT and USDC are traded all over the world at any time of the day, regardless of holidays, time zones, and whether markets are open or closed,” writes the CEO of an embedded finance company.

By Bam Azizi • Feb. 20, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 20, 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

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • 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

FIS acquires Demica, Dragonfly

Fidelity National Information Services has been buying up businesses as it seeks to expand, especially in providing services to chief financial officers and in the digital arena.

By Lynne Marek • Feb. 13, 2025

Wise to close Tampa office, cut 300 employees

The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.

By Rajashree Chakravarty • Feb. 12, 2025

Payment tools proliferate, consolidation looms

“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”

By Justin Grooms • Feb. 12, 2025

Klarna, JPMorgan to offer BNPL to business clients

The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

By Patrick Cooley • Feb. 11, 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

Cashless concerts and events catch on

By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.

By Shefali Kapadia • Feb. 7, 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

Fiserv doubles down on embedded finance

Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.

By Patrick Cooley • Feb. 6, 2025

NCR Voyix shifts chairman to CEO post

The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.

By Tatiana Walk-Morris • Feb. 6, 2025

Cash App, Venmo app downloads decline

Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.

By Patrick Cooley • Feb. 5, 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

Flutterwave CFO keeps eye on ‘sustainable’ profitability

It’s important to prioritize enabling stable revenue and solid profitability given the macroeconomic volatility in the African markets where Flutterwave operates, CFO Mitesh Popat said.

By Grace Noto • Feb. 3, 2025

Mastercard places ad with Lady Gaga

In a tie-up with the musical artist for her eighth studio album, the card network rolled out a new ad during the Grammy Awards on Sunday.

By Peter Adams • Feb. 3, 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

What’s coming for the payments industry in 2025

Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.

By Payments Dive staff • 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