Thomas Eide's CB Surety ran small charges on prepaid cards to dilute clients' charge-back ratios, keeping open the accounts banks would have closed.

A federal grand jury says Garrett Douglas Johnson borrowed against law-firm trust accounts that never existed, using new loans to pay off the old ones.

The payments company has acquired artificial intelligence firm OpenRouter in a deal that comes as banks consider strategies for large language models and Stripe is rumored to be in talks to buy PayPal.

As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.