The Latest

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    Checkout.com grabs special banking charter

    The payments processor received conditional approval for Georgia’s merchant acquirer limited purpose bank charter.

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    Anna Moneymaker / Staff via Getty Images
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    Vought concedes on CFPB funding

    The CFPB’s acting director requested $145 million from the Federal Reserve to carry out agency duties for the fiscal second quarter, but noted he disagreed with a judge’s decision ordering the agency to do so.

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    Trump proposes card rate cap; banks eschew idea

    The president said he’d like a 10% cap on credit card interest rates for a year, starting this month, but banks said it would be “devastating” for consumers.

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    Mike Coppola via Getty Images
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    Deep Dive

    Heavy metal’s hot in payment cards

    Credit card issuers are doubling down on heavier, stiffer metals as consumers seek to convey affluence and innovation through payment cards.

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    BillingPlatform names new CEO

    Chris Bishop, who has 20 years of experience working for software companies, will replace Dennis Wall.

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    Win McNamee via Getty Images
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    Stripe to enable crypto payments

    A collaboration with Crypto.com announced Tuesday will allow consumers to make payments to merchants with digital currencies.

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    AI poised to aid payments operations

    Shopper bots grab headlines but autonomous AI is likely to transform many business functions, a Deloitte report suggests.

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    Andrew Harnik via Getty Images
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    Opinion

    How the US can drive payments modernization

    "The moment has arrived for the U.S. to meet the G20 targets and pursue the rewards of a faster, cheaper, and more competitive financial ecosystem," writes one payments executive.

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    Apple swaps card to JPMorgan

    The largest U.S. bank will assume a $20 billion portfolio of Apple customers as Goldman Sachs finishes unwinding its foray into consumer lending.

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    Toast, Clover battle for small eateries

    The two payments processors have the biggest market shares with respect to smaller restaurants, according to a new report from the financial firm Baird.

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    Fiserv’s Clover adopts biometrics

    Customers will be able to make payments by scanning their face or palm at merchants that use the subsidiary’s point-of-sale service.

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    Visa, Mastercard, ACI and Wex: 2026 predictions

    Major payments companies see several 2026 trends beyond the much-discussed stablecoin and agentic commerce crazes.

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    Marqeta names Stripe alum as CFO

    Patti Kangwankij, a former finance and strategy executive for the digital payments player, will oversee financial functions at the card issuer.

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    Q&A

    How agentic AI will lure shoppers

    It’s likely to be through a gradual process of trust-building and smaller purchases, a payments executive predicts.

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    Visa, Mastercard track about 4% holiday retail sales growth

    The 2025 holiday season saw consumers shopping across channels to land the best deals and maximize convenience, according to new reports. 

  • CFPB earned wage access income employees regulations Russell Vought
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    Win McNamee via Getty Images
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    CFPB must request funds from Fed, court rules

    A federal judge rejected an argument that the bureau would run out of money in early 2026 because the central bank hadn’t turned a profit since 2022.

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    DOJ presses Visa antitrust case

    The Justice Department is pressing ahead with the debit card market case brought against the network during the Biden administration.

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    Consumer groups attack card settlement

    Groups representing consumers and small business joined merchants in faulting a proposed Visa, Mastercard card fee settlement.

  • Klarna BNPL IPO NYSE buy now pay later Walmart
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    Courtesy of Klarna Group
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    Klarna faces investor lawsuit

    The buy now, pay later company understated the risks of its consumer loans, the legal action alleges.

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    Win McNamee via Getty Images
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    CFPB shifts on EWA policy, again

    Certain employer-partnered earned wage access products aren’t subject to U.S. lending laws, the bureau said, formally discarding a 2024 Biden-era rule.

  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna, Shift4 embrace stablecoins

    Both companies announced stablecoin ventures in the past week.

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    Executive shuffle: Fiserv, DailyPay and MoneyGram

    Major payments services providers made new C-suite hires this month as they geared up for 2026.

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    Chip Somodevilla via Getty Images
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    Fed seeks ‘skinny’ account comment

    The Federal Reserve Board voted 6-1 Friday to gather public comment on creating a new special payments account for use by financial institutions.

  • A hand holding an iPhone showing the Apple Pay setup screen. The interface displays a Mastercard graphic with instructions for adding a card, and the phone is partially in its packaging against a warm yellow background.
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    Alamy
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    Fiserv, Visa unite on agentic tools

    The payment processor plans to partner with card networks, also including Mastercard, to cater to merchants navigating agentic commerce.

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    Q&A

    Can transparency curb synthetic fraud?

    Giving consumers a deeper look into their data will reduce payments fraud, the president of checkout software firm Bolt contends.