The Latest
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Courtesy of Walmart
Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges
A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.
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Courtesy of DoorDash
Fiserv swallows gig rival Payfare
The mega payments processor bought a Canadian digital banking provider after the two jockeyed for business from the delivery company DoorDash.
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Scott Olson via Getty Images
PAR Technology buys Delaget for $132M
The food service point-of-sale and payments software provider said it bought the data analytics company to better service restaurant operators.
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Courtesy of Early Warning Services (parent company of Zelle)
CFPB sues Early Warning Services over Zelle
The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester" on the digital system.
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scyther5 via Getty Images
CFPB takes aim at gambling card fees
The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.
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Permission granted by Amazon.
Visa spots tripling of fraud over holiday weekend
The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.
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Courtesy of Vercel Inc
Stripe CFO joins board of AI start-up Vercel
The digital payments company’s CFO will become a director at the firm as it seeks to build out generative AI-enabled tools.
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Getty Images/Staff via Getty Images
BVNK raises $50M to fuel US expansion
The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.
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Joe Raedle / Staff via Getty Images
CFPB swats at retail credit cards
The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.
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Joe Raedle / Staff via Getty Images
Merchants maneuver as Visa enforces surcharge program
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
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Chris McGrath/Getty Images Europe via Getty Images
What role do stablecoins play in the payments industry?
With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.
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Drew Angerer / Staff via Getty Images
U.S. Bank CEO talks payments split
Dividing its payments unit into two segments under different leaders points to the significance of the business at the bank, said Andy Cecere, the lender’s chief executive.
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Permission granted by American Express
Amex keeps focus on younger customers
The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.
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Lynne Marek/Payments Dive
Q&ANacha CEO talks 2025 trends
Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.
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Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 merges with Eigen
Shift4 quietly updated its website in recent days to say that Eigen Payments is now a part of the payments processing company.
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Courtesy of Klarna
Klarna, eBay for European expansion
The Swedish buy now, pay later provider is expanding with the global marketplace company as it contemplates a U.S. initial public offering.
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Joe Raedle / Staff via Getty Images
Ex-TD employee charged in debit card case
The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.
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Courtesy of PayPal
PayPal to boost prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
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Dan Kitwood via Getty Images
OpinionBanks scramble to meet new ISO standard
“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.
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Anna Webber via Getty Images
Afterpay to drive Cash App growth, executive says
Once users have signed up for the Cash App card, Block can convince them to use other Block products, a company executive said.
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Spencer Platt / Staff via Getty Images
BofA corporate client app surpasses $1 trillion in payments
Payments approved over the app are expected to rise 25% this year, echoing a similar increase last year over 2022.
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H. Armstrong Roberts via Getty Images
Q&AKeeping cash may be critical for a resilient payment system
Climate change, wars and societal benefits should lead the U.S. to maintain greenbacks as an alternative to electronic money, one business professor argues, but he’s worried about preserving it.
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JHVEPhoto via Getty Images
CFPB-Google battle likely to stretch into next administration
The Consumer Financial Protection Bureau says Google’s payment unit failed to explain why it was denying customer requests for refunds. Google told the agency to back off in a lawsuit.
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Lynne Marek/Payments Dive
FIS nears capital markets acquisition
The financial tech provider is on the cusp of making a purchase, at the same time that it’s grappling with employee severance costs, its CFO said last week.
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Courtesy of Comerica
CFPB sues Comerica for ‘systematically failing’ federal benefits receivers
The federal agency alleged the bank fell short of its responsibility to some 3.4 million cardholders who depend on receiving federal benefits through prepaid debit cards.
