CFPB should reconsider prepaid rule

The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

By Brian Tate • May 17, 2024

Central banks seek firms for cross-border payment project

The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.

By Tatiana Walk-Morris • May 17, 2024

Explore the Trendline➔

Real-time payments are on the rise

As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

By Payments Dive staff

EWA could create wage violations, Connecticut warns

The warning comes as states and the federal government weigh options for regulating earned wage access products.

By Kate Tornone • May 16, 2024

FIS eyes growth via acquisitions

Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.

By Lynne Marek • May 16, 2024

Payments firms seek candidates for product, partner roles

Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.

By Tatiana Walk-Morris • May 16, 2024

Shift4 to buy rival POS firm Revel for $250M

The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

By James Pothen , Lynne Marek • May 15, 2024

7-Eleven testing financial services in stores

The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

By Jessica Loder • May 14, 2024

How digital wallets are reshaping the payments landscape

Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

May 13, 2024

Jack Henry, Visa see escalating FedNow volume

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

By Lynne Marek • May 9, 2024

US leads global commercial card market: report

The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

By James Pothen • May 8, 2024

Will EWA payments expand with real-time?

While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.

By Lynne Marek • May 7, 2024

Block integrates Afterpay with Cash App card

The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”

By James Pothen • May 7, 2024

Fed, TCH joust over interoperability

When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.

By Lynne Marek • May 7, 2024

How to accelerate revenue with payment optimization

One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing.

May 6, 2024

How to reduce risk and save cash with Pull-ACH

Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 2024

Pay-by-bank holds promise

“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

By Eric Shoykhet • May 3, 2024

Block’s Dorsey rebuffs compliance allegations

The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.

By James Pothen • May 3, 2024

Automatic age verification comes to self-checkout

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

By Jessica Loder • May 3, 2024

Amazon makes a subscription play

The giant digital retailer has created a new payment flow connected to groceries.

By Catherine Douglas Moran • May 1, 2024

US inches forward on real-time payments: report

“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” ACI Worldwide said.

By James Pothen • May 1, 2024

Stripe unbundles services as industry shifts

The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

By James Pothen • May 1, 2024

Real-time consumer payments need standards to rise

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

By Lynne Marek • April 30, 2024

How Love’s is remaking stores and checkout

The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

By Jessica Loder • April 29, 2024

Why financial institutions should embrace ISO 20022

Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

By Sylvie Boucheron-Saunier • April 26, 2024

FedNow pricing aimed at avoiding market disruption

The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

By James Pothen , Lynne Marek • April 25, 2024