6 payments trends to watch in 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

By Lynne Marek , Caitlin Mullen , James Pothen • Jan. 9, 2024

Regulator’s BNPL guidance may go beyond banks

The Office of the Comptroller of the Currency directed its advice at national banks, but a Venable attorney expects others to use it to inform their approaches.

By Caitlin Mullen • Jan. 9, 2024

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

Congress members seek clarity on CFPB bid to oversee digital wallets

In two separate letters, both Republican and Democratic lawmakers asked the Consumer Financial Protection Bureau to provide more information on a proposed rule.

By James Pothen • Jan. 9, 2024

Tyler Technologies eyes growth in digital disbursements

The company, which provides payment and software services to the public sector, is seeing increased client interest in digital disbursements such as prepaid debit cards, said Sloane Wright, Tyler’s senior VP of payments.

By Caitlin Mullen • Jan. 8, 2024

Are you making the most of your commercial card rebates and rewards?

From rebates to rewards, CFOs can maximize cash flow by making every dollar work for them.

Jan. 8, 2024

FlexWage wins EWA carve-out in Connecticut

The earned wage access company said the Connecticut Department of Banking determined it doesn’t need a state lending license.

By Lynne Marek • Jan. 5, 2024

Florida weighs cashless ban

Lawmakers in the state are considering legislation that would require merchants to accept cash payments.

By Caitlin Mullen • Jan. 5, 2024

Bank groups voice concerns with CFPB’s open banking proposal

The Bank Policy Institute and The Clearing House want the Consumer Financial Protection Bureau to take a tougher stance on screen scraping, and allow banks to charge fees to cover the cost of enabling data sharing.

By Anna Hrushka • Jan. 5, 2024

Holiday shoppers spent $16.6B online using BNPL: report

BNPL usage hit an all-time high during the season, with Cyber Monday as the largest day on record for the payment method, according to Adobe.

By Tatiana Walk-Morris • Jan. 4, 2024

Trade groups seek to delay digital wallet oversight plan

Fintech trade groups asked the Consumer Financial Protection Bureau to extend the comment period on a proposal formalizing its oversight of big tech companies’ digital wallets.

By Caitlin Mullen • Jan. 4, 2024

CFPB flags impending guidance on earned wage access

The federal agency plans to weigh in on EWA services, it said in commenting on a California proposal to register and oversee the providers of such services.

By Lynne Marek • Jan. 4, 2024

NY governor pursues BNPL regulation

New York Gov. Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry.

By Caitlin Mullen • Jan. 3, 2024

Endava exec talks super apps, Paze and embedded payments

The consulting firm’s global marketing head explained in an interview why a bank-backed digital wallet won’t be “the PayPal killer” and why the U.S. hasn’t seen a super app for payments.

By James Pothen • Jan. 3, 2024

Canadian payments firms chart US growth

Versapay and Brim Financial, both based in Toronto, have already lured U.S. customers, and are seeking to expand their clientele south of the border.

By Lynne Marek , Caitlin Mullen • Dec. 22, 2023

Employee feedback informs Global Payments’ RTO approach

Flexibility ranked high on the payment processor’s list of employee retention pain points, so the company turned to staffers for guidance, said Chief Human Resources Officer Andréa Carter.

By Ryan Golden • Dec. 22, 2023

How Google’s settlement will change in-app payments

Google’s settlement with attorneys general this week includes a lengthy list of changes the tech titan must make in its approach to in-app payments.

By Lynne Marek • Dec. 21, 2023

Data startup Spade aims for larger customers

Spade is tapping its recent funding to try to lure more big U.S. banks to its services, CEO Oban MacTavish said.

By Caitlin Mullen • Dec. 21, 2023

Walmart adds Affirm to self-checkout kiosks

In an expanded partnership between the two companies, Walmart is adding Affirm’s buy now, pay later option at its checkout kiosks at most stores.

By Tatiana Walk-Morris • Dec. 21, 2023

Visa leans on fintech partners

Teaming with emerging fintechs is “a way of staying very, very relevant,” said Jim Schinella, Visa’s global head of digital partnerships.

By Caitlin Mullen • Dec. 20, 2023

Don’t know what a digital wallet is? We’ve got you covered.

This primer fills in the gaps on how digital wallets work, what companies compete to provide such payment tools and what to expect from them in the future.

By James Pothen • Dec. 20, 2023

Senators prod CFPB on BNPL oversight

Three Democratic lawmakers worried about financially vulnerable consumers during the holiday shopping season urged the Consumer Financial Protection Bureau to keep an eye on buy now, pay later offerings.

By Lynne Marek • Dec. 19, 2023

Amex EVP weighs in on fraud trends

Beating back fraud can feel “a bit like a vicious circle,” as the industry improves its capabilities and fraudsters pivot, said Tina Eide, an executive vice president focused on fraud at the card issuer.

By Caitlin Mullen • Dec. 19, 2023

SEC won’t budge on crypto regulation

In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.

By Robert Freedman • Dec. 18, 2023

Visa seeks majority stake in Mexico payments processor

The card network giant said it plans to purchase a controlling interest in Prosa, with banks retaining a minority stake, subject to regulatory approvals.

By Lynne Marek • Dec. 15, 2023

Simon Khalaf channels energy into scaling Marqeta

Serial entrepreneur and tech executive Simon Khalaf is known for his boundless enthusiasm and energy. Now, the Marqeta CEO is tasked with taking the card issuing fintech to the next level amid increased competition.

By Caitlin Mullen • Dec. 15, 2023