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Agents of Risk

Sep 19, 2025

Artificial intelligence has had a year to gestate. Now, as the critical fourth quarter beckons, both good and bad uses of AI are ready to take control of the checkout.

Appeals court keeps Fed’s Cook in place

Sep 16, 2025

A three-judge panel voted 2-1 to reject President Donald Trump’s request to uphold his firing of the central bank governor. The majority opinion focused on due process, not mortgage fraud allegations.

Judge Upholds Fed’s Debit Swipe Fee Cap in Kentucky Case

Sep 16, 2025

A federal judge in Kentucky has sided with the Federal Reserve in a closely watched case over debit card transaction fees, marking a significant development in a dispute that has divided courts across the country.

A Settlement Is Reached in the Discover Pricing Lawsuits

Sep 12, 2025

Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois.

Visa, Mastercard push more tokenization

Sep 10, 2025

The card network giants want more merchants and consumers using cards with security tokens to increase transaction volume and to reduce fraud.

Judge blocks Trump from firing Fed’s Cook

Sep 10, 2025

The ruling likely allows the central bank governor to participate in an interest rate-setting meeting next week.

Is There Any Reason for Merchants to Dip Their Toes into Faster Payments?

Sep 9, 2025

Faster payments have made a big splash in the payment processing industry, with the Federal Reserve’s FedNow platform rolling out in 2023 to join its older rival, the Clearinghouse’s RTP network. But for merchants, the revolution has not happened yet—and might never happen. The use cases for retailers, to this point, simply do not exist.

BankThink We shouldn't let banks build roadblocks in the path of open banking

Sep 3, 2025

America has an opportunity to organize its use of financial data in a way that enhances competition, innovation and consumer autonomy. The Consumer Financial Protection Bureau's Section 1033 rule — currently under revision — should aim to achieve these goals while addressing legitimate implementation concerns. The case for open banking is well established. Now, the focus must shift to how best to implement it.

Visa ramps new fraud prevention program

Sep 3, 2025

The card giant has merged its fraud prevention and dispute management programs, forcing merchants and their bank card processors to take more responsibility for thwarting misconduct.

The fallout from Visa's U.S. open banking retreat

Sep 2, 2025

Visa is reportedly at least pausing its open banking product in the U.S., drawing attention to new regulatory and financial complications surrounding data sharing.

Fed Upheaval Sows New Uncertainty About Path of Rates

Sep 2, 2025

A September cut is likely, but the breadth of support and the path afterward are up in the air

Here’s the Real Reason Interchange Rates Are at Risk

Aug 29, 2025

Merchants are right to dispute what they pay for card transactions. Technology has an answer—if the networks will listen.

Will payments be ‘quantum safe’ by 2035?

Aug 27, 2025

The federal government and industry organizations warn that fraudsters could use the advanced technology to hack into payments systems.

Why Zero-Click Search Is Forcing Businesses to Pivot

Aug 25, 2025

Marketers have been working for years to refine their search engine optimization (SEO) strategies to ensure their company websites are visible in search results. But search powered by artificial intelligence (AI) risks making SEO all but obsolete.

The Math Trick Hidden in Your Credit Card Number

Aug 25, 2025

Find out how this simple algorithm from the 1960s catches your typos.

Fed explores fintech innovation

Aug 22, 2025

The Federal Reserve has begun “technical research” on financial technology, including tokenization and AI in payments, said Christopher Waller, a Fed member and reportedly a candidate for chairman.

Judge Rules Visa Must Face New Debit Card Antitrust Case

Aug 22, 2025

Visa reportedly must continue to face a class action lawsuit filed by merchants alleging that the company has a monopoly in the debit card market.

New Ghost-Tapping Attacks Target Apple Pay and Google Pay Users’ Linked Cards

Aug 18, 2025

Chinese-speaking cybercriminals are using ghost-tapping techniques to take advantage of Near Field Communication (NFC) relay tactics in a sophisticated evolution of payment card fraud. They are mainly targeting mobile payment services such as Apple Pay and Google Pay.

Routable Adds FedNow to Speed Accounts Payable

Aug 15, 2025

Routable, a San Francisco-based accounts-payable platform provider, has expanded its support for real-time payments through connectivity to FedNow, the Federal Reserve’s 2-year-old real-time payments platform.

The Merchant Advisory Group

Driving positive change and innovation in the payments industry that serves the merchants interest through collaboration, education, and advocacy.