“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.| Payments Dive
An executive of the Fed’s real-time payment network says speedy relief payments will be “a game-changer” for people and businesses in need.| Payments Dive - Latest News
The U.S. open banking rule and artificial intelligence are expected to be hot topics at next year’s payments industry events.| Payments Dive - Latest News
The card issuer sees stablecoin payments as a key product differentiator, with more companies adopting cryptocurrency for finance functions.| Payments Dive - Latest News
Fintech firms are snapping up C-suite executives to drive revenue growth through strategic partnerships.| Payments Dive - Latest News
Kaitlin Asrow, who leads the regulator’s research and innovation division and previously was a senior fintech policy adviser at the San Francisco Fed, will serve as the state agency’s acting superintendent starting Oct. 18.| Payments Dive - Latest News
Fed Gov. Christopher Waller touted the benefits of stablecoins and distributed ledgers, saying that new technology should not be feared.| Payments Dive - Latest News
The payments firm is teaming with OpenAI for a new agentic commerce protocol to help merchants sell their wares via AI chat sessions.| Payments Dive - Latest News
Payments revenue growth is projected to slow over the next four years, with cash-to-card migration largely in the rearview, said the author of a BCG report.| Payments Dive - Latest News
The deal for StoneCastle expands Fiserv as a liquidity source for financial institutions, and will help the processor fund cash for its FIUSD stablecoin.| Payments Dive - Latest News
U.S. regulators want to learn more about how buy now, pay later loans may affect borrowers’ finances and housing market stability.| Payments Dive
Bill Holdings’ weak revenue growth and sagging stock attracted a prominent hedge fund to buy a large stake in the payments and accounting software firm.| Payments Dive
Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.| Payments Dive
Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.| Payments Dive
The Electronic Payments Coalition is “fully funded” for the continuing fight over the proposed Credit Card Competition Act this year, said the organization’s executive chairman.| Payments Dive
The South Dakota billing and payments software company was purchased by the Chicago private equity firm GTCR.| Payments Dive
Apple, Visa and others must be “more aggressive” in banning payment authorization for nonconsensual content, state AGs told the companies.| Payments Dive
A CFPB rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency said it aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent.| Payments Dive
Regulators need greater insight into the impacts of buy now, pay later lending, multiple groups said in their comments to U.S. housing officials.| Payments Dive
A trade group representing earned wage access providers backs introduction of a bill outlining federal oversight for the emerging industry.| Payments Dive
The processor aims to prepare its merchant clients for the opportunities and risks of AI-driven agentic shopping.| Payments Dive
Doctors and dentists have been unable to grow their revenue as inflation and interest rates cause patients to reduce their visits, the CEO of Rectangle Health says.| Payments Dive
Investments in the payments sphere plummeted for the first half of the year, as did acquisitions in the area, according to a KPMG report.| Payments Dive
The search for faster and cheaper global payments is leading many companies to consider the use of stablecoins for remittances.| Payments Dive
The federal government and industry organizations warn that fraudsters could use the advanced technology to hack into payments systems.| Payments Dive
Some analysts are pressing the processor to consider divesting the segment that caters to financial institutions, even as its merchant segment grapples with competition.| Payments Dive
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.| Payments Dive
The mega processor may sell assets after the Worldpay purchase revised its outlook. The company also expects Trump tax benefits.| Payments Dive
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.| Payments Dive
The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.| Payments Dive
The state’s governor signed a measure last week that some earned wage access providers opposed.| Payments Dive
The accounts payable software company may offer earned wage access benefits to employees. Yooz CFO John Gronen has reservations.| Payments Dive
Fintechs and merchants urged the president to take on big banks and let the U.S. open banking rule move forward.| Payments Dive
While Louisiana enacted a new earned wage access law this month, the controversy over state legislation rages on in Connecticut.| Payments Dive
The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.| Payments Dive
Banks seeking to halt a new Illinois law that bars credit card interchange fees on taxes and tips succeeded on one front, but not another, at least for now.| Payments Dive
The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.| Payments Dive
The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.| Payments Dive
That move bends to bank groups that filed a lawsuit last year to block the Consumer Financial Protection Bureau rule aimed at making it easier for consumers to move their financial accounts.| Payments Dive
Fidelity National Information Services and Global Payments unveiled a deal Thursday in which FIS plans to buy the latter’s issuer business and sell its Worldpay stake.| Payments Dive
The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene.| Payments Dive
The federal agency hinted this week that it will scrutinize earned wage access services and their fees to determine whether they're subject to lending laws. It also suggested it may revisit Trump-era policies regarding such businesses.| Payments Dive
After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.| Payments Dive
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.| Payments Dive
Nonbank fintechs are pushing for access to the new federal faster payments system as its launch date next year approaches.| Payments Dive
