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The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”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

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

Trump calls on federal gov’t to banish paper checks

The White House issued an executive order Tuesday calling on the federal government to cease using paper checks by September, except in certain circumstances.

By Lynne Marek • March 26, 2025

Fiserv CEO vows to keep Social Security Administration intact

Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

By Patrick Cooley • March 26, 2025

Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

By Lynne Marek • March 25, 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

CFPB seeks extension to respond to nonbank oversight lawsuit

The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

By Justin Bachman , Lynne Marek • 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

Retailers push payment modernization

A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.

By Xanayra Marin-Lopez • March 21, 2025

Mastercard courts community banks

The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.

By Lynne Marek • March 20, 2025

Payments players landed less capital in 2024: S&P report

Venture capitalists invested 47% fewer dollars, compared to 2023, despite most of the startups posting increased revenue last year.

By Justin Bachman • March 20, 2025

Discover cards now accepted at Airwallex merchants

A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.

By Patrick Cooley • March 20, 2025

Corpay CAO steps up as CFO exits for nonprofit

Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.

By Maura Webber Sadovi • March 19, 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

Fiserv, PayPal and FIS change up board members

Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.

By Lynne Marek • March 19, 2025

Klarna seeks to flex advertising muscle

Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.

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

Brex strives for predictability after operational overhaul

After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.

By Gabrielle Saulsbery • March 18, 2025

Block takes on payday lenders with Cash App

The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing.

By Patrick Cooley • March 17, 2025

Retail, crypto groups converge to back stablecoin legislation

The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

By Lynne Marek • March 14, 2025

Digital payments to exceed $33.5 trillion by 2030: report

Consumers are predicted to rely less on debit and credit cards and turn more to mobile wallets in the coming years, a Worldpay report predicts.

By Tatiana Walk-Morris • March 14, 2025

Gen Zers expect more of B2B payments

“For Gen Z, payments go beyond speed — they reflect values, transparency, and purpose,” writes one accounts receivable software CEO.

By Sunil Rajasekar • March 14, 2025

Discover Financial alum takes Wells Fargo IT role

A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

By Matt Ashare • March 14, 2025