The Latest
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FIS leans into big bank strategy
The bank technology and card processing company has renewed its focus on large bank clients in the battle against rivals like Fiserv.
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Amex floats first new business card in 7 years
The bank is betting that a card without preset spending caps, plus 2% cash back, will win over businesses.
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Electronic Transactions Association acquires peer
The trade group’s absorption of the American Transaction Processors Coalition will bolster its payments industry advocacy.
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Q&A
Mastercard bets on AI virtual CFOs
The company’s new “virtual CFO” tool is tailored for lean teams and designed to augment — not replace — human leadership, Mastercard’s Mark Barnett said.
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PayPal takes Venmo global
The peer-to-peer payment app will be available to users in 90 countries by integrating with PayPal accounts, the company said Monday.
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Synchrony, others broaden horizons to tap top talent
Payments companies are often seeking experience outside of financial services, including in tech, in their search for new hires.
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NY forces cash acceptance
New York Attorney General Letitia James reminded consumers and businesses that a new state law, effective Saturday, makes it illegal to decline cash payments.
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Visa, PayPal execs react to K-shaped economy
The economic model suggests some consumers are becoming wealthier, while the economic well-being of others descends. Here’s how some industry executives view the impact.
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Stablecoin use surges
The total transaction volume for the digital assets more than doubled in the past year, according to the asset management firm Macquarie Group.
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Affirm outlines options if economic stress rises
The buy now, pay later player spelled out ways in which it could adjust its lending in the event U.S. economic uncertainty creates more stress for consumers.
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Elavon nabs BofA exec for CEO
The payments processor, which is a unit of U.S. Bank, poached Wally Mlynarski from a bank rival to be its CEO, replacing Jamie Walker.
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Amex soups up cards for Concur
The card company and the expense management firm have locked arms to add virtual card features for business clients.
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State interchange fee laws progress
Legislatures in Colorado and Delaware advanced bills that would curtail interchange fees last week, as a federal appellate court mulls the issue.
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EWS pairs with Citi to offer Paze
The collaboration marks the first time the financial technology company has worked with a non-owner bank on the digital wallet.
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Mastercard to buy BVNK for $1.8B
“Adding on-chain rails to our network will support speed and programmability for virtually every type of transaction,” a Mastercard executive said.
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Fintechs push 36% state rate caps
While there is a 36% interest rate standard for lending in the U.S., it’s not codified for all consumers. Now, the effort to set one has moved to the states.
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Robinhood takes on premium card issuers
The fintech’s new $695 credit card aims to lure young, wealthy people uninterested in hoarding points or using a card for airport lounge access.
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Payments firms diverge on checks
Payment companies offered different ways to move past paper checks in comments to the Federal Reserve regarding plans to shift to digital alternatives.
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FDIC to make stablecoin move
The Federal Deposit Insurance Corp. plans to propose that pass-through insurance not be available for stablecoin deposits.
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CFPB again told it must request funds from Fed
In the second court ruling rejecting the bureau’s position on requesting Fed funds, a judge in California called agency Acting Director Russ Vought’s plan a “transparent display of partisanship.”
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Scam prevention requires ‘upstream’ focus: panel
“We need to bring in these social media companies at the point where [scammers are] first contacting consumers, to look at shared liability,” an AARP executive said at a Payments Dive event Wednesday.
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CCCA seeks new path to passage
Sens. Dick Durbin and Roger Marshall had been angling to attach their credit card interchange fee legislation to a major housing bill before Congress. The Senate passed the housing bill without it.
Updated March 13, 2026 -
AI drives global fraud surge
Losses to fraud and scams climbed 9.2% in 2025, with much of the increase attributed to bad actors leveraging artificial intelligence, said a report from Nasdaq's Verafin financial crime-fighting software unit.
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Fraud battle calls for cross-sector effort
As criminals adopt AI-enabled tactics, financial institutions need to consider data-sharing with other industries, fraud-fighting professionals contend.
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Social media blasted over fraud
The Consumer Federation of America estimates the annual cost of online scams at $119 billion, pointing to social media as a big part of the problem.