The use of generative AI and fraudulently obtained accounts to execute synthetic identity fraud is on the rise, a Federal Reserve official said in a podcast interview.

Payments Dive

04.04.2025

Brex sees procurement push onto its card | Payments Dive

Corporate buyers are exploring ways to move more of their spending onto cards for better tracking and insight, a Brex EVP says.

Payments Dive

04.04.2025

Visa, Mastercard have edge over Amex for Apple: analyst | Payments Dive

As companies joust to become the tech giant’s card network, some analysts give Visa and Mastercard an advantage over American Express.

Payments Dive

03.04.2025

Fiserv promotes Takis Georgakopoulos to COO | Payments Dive

Georgakopoulos replaced Guy Chiarello as chief operating officer, with the latter moving to a different role at the payments processor.

Payments Dive

03.04.2025

Mastercard, PayPal mull stablecoins for B2B payments | Payments Dive

Mastercard and PayPal are among the companies viewing the digital assets as potentially useful for business-to-business transactions.

Payments Dive

03.04.2025

Amex opposes shareholder proposals | Payments Dive

A conservative legal group wants American Express to consider eliminating diversity goals to determine financial incentives for executives. A spokesperson for the card issuer says it no longer uses those goals in evaluating executive performance.

Payments Dive

02.04.2025

Clearing House ACH payments volume keeps climbing | Payments Dive

The Clearing House and Nacha both reported 6%-plus growth rates in ACH volume for last year, compared to 2023.

Payments Dive

02.04.2025

EWS drops Zelle standalone app | Payments Dive

Zelle users will need to turn to their online banking portals starting today in light of Early Warning Services proceeding as planned with the shutdown of its Zelle app this month.

Payments Dive

02.04.2025

House plans vote to kill CFPB payments rule | Payments Dive

The chamber’s measure revoking bureau oversight of large tech payments players has passed the Senate and would next head to an approving Trump.

Payments Dive

01.04.2025

CFPB plans to spike BNPL rule | 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

01.04.2025

Discover CEO may reap $2.4M bonus | Payments Dive

Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.

Payments Dive

01.04.2025

Affirm COO: Walmart deal was “uneconomic” | Payments Dive

Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.

Payments Dive

29.03.2025

Mercury raises $300M | Payments Dive

The payments startup, which has backing from Marathon Management Partners and Andreessen Horowitz, aims to use the funds to expand its clientele and increase its profitability.

Payments Dive

29.03.2025

Executive Shuffle: Bolt, MoneyGram and DailyPay | Payments Dive

New C-suite appointments so far this year demonstrate the payments industry’s efforts to digitize their offerings and cater to small business clients.

Payments Dive

29.03.2025

Swipe fee foes find legislative support in almost a dozen states | Payments Dive

The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

Payments Dive

28.03.2025

Block shrinks workforce 8% | Payments Dive

The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

Payments Dive

28.03.2025

CFPB nixes filing in case tied to Electronic Funds Transfer Act | Payments Dive

The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

Payments Dive

28.03.2025

Utah governor signs EWA law | Payments Dive

The state joins a pack of others that have passed industry-friendly laws seeking to oversee earned wage access providers and their services.

Payments Dive

27.03.2025

Fiserv CEO vows to keep Social Security Administration intact | Payments Dive

Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

Payments Dive

27.03.2025

CFPB predicts late fee lawsuit settlement | Payments Dive

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

Payments Dive

27.03.2025

Trump calls on federal gov’t to banish paper checks | Payments Dive

The White House issued an executive order Tuesday calling on the federal government to cease using paper checks by September, except in certain circumstances.

Payments Dive

27.03.2025

Republicans air CFPB grievances, jockey for agency change | Payments Dive

Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.

Payments Dive

27.03.2025

Revolut US CFO aims for growth, maturity ahead of U.S. entry | Payments Dive

Balancing agility and compliance is crucial for the digital banking platform as it seeks to expand into markets like the U.S., Revolut Chief Financial Officer Max Lapin said.

Payments Dive

26.03.2025

Fintechs egg on ‘willingness to challenge norms,’ Bolt president says | Payments Dive

Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

Payments Dive

26.03.2025

Fiserv CEO faces fire for Social Security cuts | Payments Dive

Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

Payments Dive

26.03.2025

Banks bash Illinois trend-setting law on card swipe fees | Payments Dive

Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.

Payments Dive

25.03.2025

CFPB seeks extension to respond to nonbank oversight lawsuit | Payments Dive

The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

Payments Dive

25.03.2025

Affirm, other BNPL players ratchet up credit bureau reporting | Payments Dive

At least three buy now, pay later firms have begun reporting consumer data on installment financing to TransUnion or Experian, and another gives customers the option of reporting that data.

Payments Dive

25.03.2025

Arkansas, Utah move ahead with EWA laws | Payments Dive

The two states are the latest to pass legislation addressing workers’ growing practice of using earned wage access to tap their income before a regularly scheduled payday.

Payments Dive

22.03.2025

Bank transfer fraud losses outpace crypto | Payments Dive

The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

Payments Dive

22.03.2025

Retailers push payment modernization | Payments Dive

A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.

Payments Dive

21.03.2025

Discover cards now accepted at Airwallex merchants | Payments Dive

A partnership gives the card network a wider reach at a time when its proposed merger with Capital One still awaits regulatory approvals.

Payments Dive

21.03.2025

Payments players landed less capital in 2024: S&P report | Payments Dive

Venture capitalists invested 47% fewer dollars, compared to 2023, despite most of the startups posting increased revenue last year.

Payments Dive

21.03.2025

Mastercard courts community banks | Payments Dive

The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.

Payments Dive

20.03.2025

Corpay CAO steps up as CFO exits for nonprofit | Payments Dive

Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.

Payments Dive

20.03.2025

Fiserv, PayPal and FIS change up board members | Payments Dive

Payments companies are adding board members, and bidding farewell to others, as the industry sees increased merger and acquisition activity.

Payments Dive

20.03.2025

Klarna seeks to flex advertising muscle | Payments Dive

Buy now, pay later provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.

Payments Dive

20.03.2025

Affirm executive joins crypto firm Gemini as CFO | Payments Dive

Dan Chen was formerly the vice president of capital markets and bank partnerships for the buy now, pay later company.

Payments Dive

20.03.2025

Fiserv acquires Dutch payment company CCV | Payments Dive

The processor will use CCV to expand the presence of its Clover point-of-sale system across Europe, the company said. The price paid was about $220 million, according to a regulatory disclosure.

Payments Dive

19.03.2025

Northern Trust exec: Crypto rule changes may ease tokenization | Payments Dive

Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

home›Payments Dive›Economy

Payments Dive - Economy

Fed raises alarm on synthetic identity fraud | Payments Dive

Brex sees procurement push onto its card | Payments Dive

Visa, Mastercard have edge over Amex for Apple: analyst | Payments Dive

Fiserv promotes Takis Georgakopoulos to COO | Payments Dive

Mastercard, PayPal mull stablecoins for B2B payments | Payments Dive

Amex opposes shareholder proposals | Payments Dive

Clearing House ACH payments volume keeps climbing | Payments Dive

EWS drops Zelle standalone app | Payments Dive

House plans vote to kill CFPB payments rule | Payments Dive

CFPB plans to spike BNPL rule | Payments Dive

Discover CEO may reap $2.4M bonus | Payments Dive

Affirm COO: Walmart deal was “uneconomic” | Payments Dive

Mercury raises $300M | Payments Dive

Executive Shuffle: Bolt, MoneyGram and DailyPay | Payments Dive

Swipe fee foes find legislative support in almost a dozen states | Payments Dive

Block shrinks workforce 8% | Payments Dive

CFPB nixes filing in case tied to Electronic Funds Transfer Act | Payments Dive

Utah governor signs EWA law | Payments Dive

Fiserv CEO vows to keep Social Security Administration intact | Payments Dive

CFPB predicts late fee lawsuit settlement | Payments Dive

Trump calls on federal gov’t to banish paper checks | Payments Dive

Republicans air CFPB grievances, jockey for agency change | Payments Dive

Revolut US CFO aims for growth, maturity ahead of U.S. entry | Payments Dive

Fintechs egg on ‘willingness to challenge norms,’ Bolt president says | Payments Dive

Fiserv CEO faces fire for Social Security cuts | Payments Dive

Banks bash Illinois trend-setting law on card swipe fees | Payments Dive

CFPB seeks extension to respond to nonbank oversight lawsuit | Payments Dive

Affirm, other BNPL players ratchet up credit bureau reporting | Payments Dive

Arkansas, Utah move ahead with EWA laws | Payments Dive

Bank transfer fraud losses outpace crypto | Payments Dive

Retailers push payment modernization | Payments Dive

Discover cards now accepted at Airwallex merchants | Payments Dive

Payments players landed less capital in 2024: S&P report | Payments Dive

Mastercard courts community banks | Payments Dive

Corpay CAO steps up as CFO exits for nonprofit | Payments Dive

Fiserv, PayPal and FIS change up board members | Payments Dive

Klarna seeks to flex advertising muscle | Payments Dive

Affirm executive joins crypto firm Gemini as CFO | Payments Dive

Fiserv acquires Dutch payment company CCV | Payments Dive

Northern Trust exec: Crypto rule changes may ease tokenization | Payments Dive

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