The Latest
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Republicans pressure Fed on debit card fees
Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.
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Stripe CEO to become a Meta director
Patrick Collison will join the board of the public social media company as speculation persists about the possibility of his payments company filing for an initial public offering.
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Block agrees to pay $40M New York penalty
The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.
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Q&AHow one startup coordinates your payments
Payments orchestration is an increasingly critical task as merchants seek cost efficiencies and the ability to add new payment alternatives and technologies.
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DOJ scales back crypto enforcement
The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.
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PayPal’s Xoom, Tencent partner on cross-border payments
The deal provides another avenue for customers seeking to send remittances to Chinese consumers.
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House votes to kill CFPB big tech payments rule
The measure revoking the bureau’s oversight of large technology payments players, such as Google and Block, passed on a straight party-line vote.
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Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 CEO grilled by senators on Musk, SpaceX ties
The lawmakers questioned Jared Isaacman on whether he would remain independent of Musk if he is confirmed to lead NASA.
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Courtesy of Square
PayPal, Block and others face recession risk: analysts
As President Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.
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Do growing fintechs need more federal regulation?
State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed.
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Permission granted by Fiserv
Fiserv acquires Australian payment facilitator Pinch
The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.
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Rain raises $75M in equity funding
With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.
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DailyPay sues New York Attorney General
The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.
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Alex Wong / Staff via Getty Images
Fiserv says US trade war could harm demand
The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.
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Mykola Pokhodzhay via Getty Images
Stripe seeks Georgia special banking charter
If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.
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Francis Chung/Politico/AP
Cap One-Discover deal detractors assail reported DOJ approval
Capital One’s $35 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.
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US businesses cling to paper checks
Large and small businesses alike are still using the 20th-century form of payment extensively, even as the federal government presses ahead with digital alternatives.
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Permission granted by Durbin's senate office
Durbin rounds up CCCA support
The Democrat from Illinois asked retail and restaurant industry representatives this week to help build support for the Credit Card Competition Act, but it has yet to be introduced this year.
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Joe Raedle via Getty Images
Debit cards top Fed’s fraud troubles list: survey
Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.
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Michael Short via Getty Images
Visa, Mastercard have edge over Amex for Apple: analyst
As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.
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DjelicS via Getty Images
Q&ABrex sees procurement push onto its card
Corporate buyers are exploring ways to move more of their spending onto cards for better tracking and insight, a Brex EVP says.
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Justin Sullivan / Staff via Getty Images
Judge tosses racial bias suit against Citi over ATM fee waivers
The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.
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Ezra Acayan via Getty Images
Fed raises alarm on synthetic identity fraud
The use of generative AI and fraudulently obtained accounts to execute synthetic identity fraud is on the rise, a Federal Reserve official said in a podcast interview.
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Justin Sullivan via Getty Images
Mastercard, PayPal mull stablecoins for B2B payments
Mastercard and PayPal are among the companies viewing the digital assets as potentially useful for business-to-business transactions.
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Permission granted by Fiserv
Fiserv promotes Takis Georgakopoulos to COO
Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.
