Payments

CEO Cameron Bready told analysts that the company's changes in management structure, product reorganization and strategic retrenchments will show up in earnings later in 2025.

Serious delinquencies on auto loans rose to almost 3% in the fourth quarter of 2024, according to the New York Fed. Researchers blame the affordability problem on soaring car prices.

The payment card industry must upgrade encryption before quantum computers render current security methods obsolete, FS-ISAC warned.

The money-transfer company's move came after the U.S. State Department last week renewed sanctions against the island nation. That, plus Klarna and Standard Chartered get bullish on crypto; Trump's not the first politician to rail at pennies; and other international payments and fintech news.

FIS' debit-processing bank clients will soon be able to integrate Affirm's pay-over-time products into existing digital banking infrastructure. For Affirm, it means even more potential BNPL transactions.

The bank-owned payments app saw the number of total transactions jump 24% compared with 2023. Small business transactions increased 32%.

CEO-designate Gunjan Kedia said payments growth is critical to the Minneapolis-based regional's overall success. Dealmaking will take a back seat to organic growth for the time being, she added.

In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk's DOGE's actions at the Consumer Financial Protection Bureau and his business interests with X Money.

As it closes in on a New York listing, the Swedish fintech partners with the largest merchant acquirer in the U.S. by payment volume.

It was the largest U.S. transaction ever to instantly settle, following The Clearing House's new transaction ceiling that went into effect Sunday.

President Donald Trump has recruited Fiserv CEO Frank Bisignano and PayPal co-founder Elon Musk to streamline parts of the government. Their styles and experience could not be more different.

A group of 19 state attorneys general have sued the Trump administration, alleging the Department of Government Efficiency's move is illegal. The injunction is pending a hearing Feb. 14.

The buy now/pay later lender outperformed nearly every analyst estimate in its fiscal second-quarter earnings report. CEO Max Levchin said the company is five months out from positive GAAP operating income.

More state legislatures are exploring how to regulate earned wage access products, and interest rate caps are central to that discussion. New York state's pending legislation is taking a novel approach.

The lack of a government requirement has slowed adoption in the U.S., but there are signs demand is picking up.

Secretary of State Marco Rubio said the U.S. will ban certain Cuban payments, mirroring Trump's pressure on cross-border payments during his first administration.

Cincinnati-based processor has agreed to buy a London technology firm that uses artificial intelligence to build advanced models to manage fraud risk.

The senators introduced legislation that would limit the interest rate card issuers are able to charge holders for the next five years.

With analysts citing pressure from fintechs, CEO Alex Chriss says artificial intelligence is expanding the company's payment and marketing tools as PayPal battles Stripe, Block and other rivals.

As Elon Musk and his associates gain access to internal computers, Oregon Democratic Sen. Ron Wyden slammed the move and said it poses a national security risk. Musk said the Treasury system isn't adequately fighting fraud and is also attempting to shut down USAID.