The Latest
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Retrieved from Chestnut Market.
How retailers are seeking to improve self-checkout
Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self-checkout, and how retailers can address them.
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Wara1982 via Getty Images
Central banks seek firms for cross-border payment project
The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.
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Kevin Dietsch via Getty Images
Supreme Court upholds CFPB’s funding structure
The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least two federal judges to pause CFPB rules, pending the high court's opinion.
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The image by Ted Eytan is licensed under CC BY-SA 2.0
OpinionCFPB should reconsider prepaid rule
The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.
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hapabapa via Getty Images
Brex CFO mulls long-term IPO scenario
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
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Courtesy of FIS
FIS eyes growth via acquisitions
Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.
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Permission granted by Square
Payments firms seek candidates for product, partner roles
Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.
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DenisTangneyJr via Getty Images
EWA could create wage violations, Connecticut warns
The warning comes as states and the federal government weigh options for regulating earned wage access products.
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Courtesy of Shift4
Shift4 to buy rival POS firm Revel for $250M
The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.
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Scott Olson via Getty Images
Fed, OCC to hold meeting on Capital One-Discover deal
Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.
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uschools via Getty Images
Fed bombarded by debit card fee commentary
The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.
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Anna Moneymaker via Getty Images
CFPB will keep defending late fee cap
The 5th Circuit Court of Appeals blocked the Consumer Financial Protection Bureau’s $8 late fee cap on Friday, but the federal agency said it will continue to “defend” the rule.
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Courtesy of 7-Eleven
7-Eleven testing financial services in stores
The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
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Courtesy of Toast Inc.
Toast CFO weighs in on Visa-Mastercard settlement
The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.
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Permission granted by James Pothen
CFPB, DOT take aim at airline rewards
The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.
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Kevin Frayer via Getty Images
Mastercard joint venture starts operations in China
The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.
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Lynne Marek/Payments Dive
Jack Henry, Visa see escalating FedNow volume
While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.
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Lynne Marek/Payments Dive
Fed, TCH joust over interoperability
When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.
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NatalyaBurova via Getty Images
US leads global commercial card market: report
The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
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Leon Neal via Getty Images
Block integrates Afterpay with Cash App card
The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”
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M_a_y_a via Getty Images
Will EWA payments expand with real-time?
While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.
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bymuratdeniz via Getty Images
Merchants urged to file claims for $5.5B payment card settlement
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
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Permission granted by Cushion
BNPL users tend to have lower incomes: Bank of America
The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among millennial and Gen X consumers.
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Teresa Kroeger via Getty Images
Block’s Dorsey rebuffs compliance allegations
The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.
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Permission granted by Diebold Nixdorf
Automatic age verification comes to self-checkout
Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.
