The Latest
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Fiserv, Kansas to open fintech hub
The hub will open later this year in Overland Park, Kansas, and help Fiserv better serve Midwestern customers, the company said in a news release Monday.
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Permission granted by IXOPAY
Sponsored by IXOPAYDo multiple PSPs multiply payment success?
More PSPs can boost reach — but without payment orchestration, complexity rises and success stalls.
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Scott Olson via Getty Images
Fed, FDIC force more oversight of Discover
The Federal Reserve and the FDIC penalized the card network for overcharging merchants on interchange fees and said the company must pay $250 million in fines, make restitution to merchants, and change its practices as a condition to merging with Capital One.
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Ramp reportedly angles for part of $700B US credit card program
The fintech is seeking to handle a piece of the SmartPay federal employee charge card program, assisted by its close ties to the Trump administration, the media outlet ProPublica reported.
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Retrieved from OCC.
Capital One-Discover wins approvals
The Federal Reserve and the Office of the Comptroller of the Currency will allow a merger creating the largest U.S. credit card issuer.
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Paper check use surged last year, AFP says
Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.
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Anna Moneymaker / Staff via Getty Images
CFPB to ‘deprioritize’ payments oversight
An agency memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies.”
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Lynne Marek/Payments Dive
Visa’s Pismo names new CEO
The Brazilian payments software business promoted new executives as it pursues growth under the auspices of its giant card network owner.
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Southworks
FIS, Global Payments agree to Worldpay deal
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.
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Pay-by-bank should offer perks: Deloitte
Banks must persuade merchants and consumers the payment method is an acceptable alternative to credit cards, the consulting firm suggested.
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Q&ASpire pushes pay-by-bank model
Direct bank payments at the point of sale will become more attractive to merchants through a Discover Financial tie, the CEO says.
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Permission granted by Fiserv
Klarna partners with Fiserv’s Clover
A recently signed deal will bring Klarna’s installment loans to Clover checkout at merchants across the U.S.
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Shazam sheds merchant services to focus on debit
The network company divested its merchant services portfolio this month to concentrate on its core business.
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For medical debt, ‘care now, pay later’ models abound
As healthcare expenses grow, fintech startups look to boost the affordability — and profitability — of medical payments.
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NY AG alleges two wage access providers made illegal loans
The state’s lawsuits against DailyPay and MoneyLion seek to wind down their earned wage access practices in New York.
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jacoblund via Getty Images
Worldpay delivers payments industry insights in DC
Executives of the merchant services company visited Capitol Hill this month to connect with congressional staffers and share their views on payments.
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Joe Raedle / Staff via Getty Images
Credit card 90-day delinquencies rise to record: report
The percentage of U.S. credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said.
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Chip Somodevilla via Getty Images
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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Drew Angerer via Getty Images
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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tedestudio via Getty Images
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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Getty Images/Staff via Getty Images
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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Win McNamee via Getty Images
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.
