Payments Dive

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Discover adds $799M to bolster reserves

Payments Dive

The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.

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Klarna overhauls credit card features

Payments Dive

The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.

Cards 195
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House committee advances EWA bill

Payments Dive

The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers.

Industry 259
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CFPB $8 late fee cap edges toward reality

Payments Dive

Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

Cards 403
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Fed keeps up CBDC research

Payments Dive

Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

Study 243
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BNPL users grapple with financial stress: survey

Payments Dive

BNPL users, who are having problems with overspending and missed payments, are tapping buy now, pay later services to spread out their cash flow.

Survey 195
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Digital wallets must take hold in B2B

Payments Dive

“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes a Mastercard manager.